Greece to have one airline?

GREECE'S two largest carriers Aegean Airlines and Olympic Air have agreed to merge subject to approval by the European Competition Commission.  With Greece’s economic woes overshadowing everything in Athens, clearly a stronger combined airline is better equipped to compete with its European peers.  At London’s Heathrow, for example both airlines are currently serving Athens, from Terminals 1 and 4.  Olympic Air was bought by buyout firm Marfin Investment Group (MIG) from the Greek government in March last year.  Aegean Airlines  also bid for  Olympic.  Under the agreement the main shareholder of Aegean and the sole shareholder of Olympic Air will have equal shareholdings in the combined entity. www.aegeanair.com www.olympicair.com   

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