The Hellenic Radio (ERA): News in English, 10-02-22
From: The Hellenic Radio (ERA) <www.ert.gr/>
CONTENTS
[01] OLYMPIC AIR - AEGEAN: "National Champion Born"
[01] OLYMPIC AIR - AEGEAN: "National Champion Born"
Monday, 22 February 2010 18:33
On Monday, Greece's two major airlines AEGEAN and OLYMPIC AIR agreed to
merge so the new company to enter into the Athens Stock Market and
OLYMPIC HANDLING and OLYMPIC ENGINEERING become 100% subsidiaries in
the new formation. The new company to start operating from October 2010
and will use OLYMPIC AIR name and logo after the necessary transitional
period for changes and adoption during which Aegean name and logo will
be used.
The agreement remains to be approved by the European Competition
Committee. According to the agreement, Aegean (Basilakis Group) and O.A
single shareholder Marfin Investment Group will have equal
participation in the company coming from the merging, also keeping
their proportional participation as shareholders the groups Lascaridis,
B. Konstantakopoulos, G. David, L. Ioannou as well as Piraeus Bank
continuing to support this extremely significant effort of the
country.
Th. Basilakis and A. Bgenopoulos will be the heads of the new companies
securing smooth unification of operations and creation of "National
Champion" in air carriers which would extend operations at European
level and continue flying to the most remote parts of Greece.
The two companies fleet consist of 64 aircrafts of which 39 are ultra
modern Airbus. Aegean employs 2.500 people and Olympic Air 3.350 along
with Olympic Handling and Olympic Engineering. The two companies have
65 scheduled domestic flights and 41 flights abroad.
NET 105.8
News item: 33655
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