I was just reading some topics on Airliners.net, one of them was about Olympic Airlines. According to a Greek radio, Olympic will be grounded on Wednesday. I have just checked some other sites and the only recent news was about big troubles and a possible end for the airline.
I know it was Airliners.net, not always very reliable. But had someone other news?
Olympic Airlines: big troubles?
Moderator: Latest news team
I came across this:
Greek airline sale runs into crisis
An agreement to sell Olympic Airlines to a Greek-American investor group could come apart when the European Commission rules on Wednesday that the loss-making Greek carrier must repay “substantial amounts” of illegal state aid.
Those close to the Commission inquiry say the total amount of illegal aid, expected to top €150m, relates to payments to debt-laden Olympic Airways and its successor, Olympic Airlines.
Greek airline sale runs into crisis
An agreement to sell Olympic Airlines to a Greek-American investor group could come apart when the European Commission rules on Wednesday that the loss-making Greek carrier must repay “substantial amounts” of illegal state aid.
Those close to the Commission inquiry say the total amount of illegal aid, expected to top €150m, relates to payments to debt-laden Olympic Airways and its successor, Olympic Airlines.
They have been in troubles for quite a while and keep fighting a war on several fronts.
In they near future they will have to face an order from the Eu to repay millions of illegal state aids, they still have an open dispute with their workers concerning some pension money and they are still loosing money every day.
It's like Alitalia, just smaller and worse.
Many people in the business consider Olympic a parking place for relatives and friends of politicians which happens to operate a flight once in a while...
I am afraid to say, it does not look to bright, especially since a private competitor is already making money: Aegean.
Regards, Bernhard
In they near future they will have to face an order from the Eu to repay millions of illegal state aids, they still have an open dispute with their workers concerning some pension money and they are still loosing money every day.
It's like Alitalia, just smaller and worse.
Many people in the business consider Olympic a parking place for relatives and friends of politicians which happens to operate a flight once in a while...
I am afraid to say, it does not look to bright, especially since a private competitor is already making money: Aegean.
Regards, Bernhard
fftopic: 
