Aegean Airlines expects membership in Star and its impending merger with Olympic to help carry it through the downturn.
Perhaps it was inevitable, a reflectionofthe country’sancient love of theatre and public spectacle. Yet it would have been a lot more simple and straightforward if the Greek government had just selected Aegean Airlines to purchase its perennially loss-making flag carrier Olympic Airlines in early 2009. Instead, it rejected Aegean’s bid in favor of choosing Marfin Investment Group to take over the flailing airline. This year, in a surprise turn, Marfin agreed to merge Olympic ...
Subscribe to Access this Entire Article
"Greek Success Story " 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.