OLYMPIC AIRLINES
March 1st, 2004
BY KEITH NUTHALLTHE FUTURE sale of Greece's Olympic Airlines is being threatened by a formal state aid investigation launched this week (Wed 17-3) by the European Commission, which has stressed its determination that the privatisation of the airline should go ahead without any illegal state aid being paid by the Greek government. As the successor to Greece's old flag carrier Olympic Airways, the Commission will examine whether the company has benefited from illegal aid. Under its microscope will be non-payment of tax debts, advance payments by the Greek ...
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