Unsuccessful in its bid to purchase Olympic Air from the Greek government last year, Aegean Airlines yesterday announced a merger designed to create "a national airline champion with enlarged presence in the European market as well as seamless coverage of even the most remote islands of our country." The new company eventually will take the Olympic name and will be listed on the Athens Exchange. Olympic Handling and Olympic Engineering will be wholly owned subsidiaries, while Aegean ...

Subscribe to Access this Entire Article

"Olympic, Aegean to create 'national airline champion'" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.