Aegean Airlines to Acquire Olympic Air for €72 million

Aegean Airlines is running rings around Olympic Air with its agreement with Marfin Investment Group to acquire it for €72 million, subject to approval by authorities — including the European Union. As a result, Olympic Air will become a subsidiary of Aegean Airlines once the transaction has been completed, with each brand to be maintained. A press release issued by Aegean Airlines contained a statement by Theodoros Vassilakis, chairman of the airline…

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