Sunday, March 15, 2009

Aviation: Greek-UAE buyout group buy Olympic Airlines

Trade Arabia reports Greek-Emirates buyout group Marfin Investment Group (MIG) will acquire all of troubled carrier Olympic Airlines after talks between the government and global handlers Swissport failed.

MIG last month submitted offers of 45.7 million euro for Olympic's flight operations and 16.7 million euros for its maintenance, repair and overhaul assets.
Published by Mike Hitchen, Mike Hitchen Consulting
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