Company updates Olympic Engineering To Close Next Month by GTP editing team 4 April 2013 written by GTP editing team 4 April 2013 0 comments Share 0FacebookTwitterLinkedinWhatsappEmail 39 Marfin Investment Group (MIG) recently announced the closure of Olympic Engineering, an Olympic Air subsidiary, as of 1 May, citing financial losses. In 2012 the company’s losses amounted to 8.6 million euros. If competition authorities give the green light for Aegean Airlines to acquire Olympic Air from MIG, the company is then just left with Olympic Handling. According to Kathimerini newspaper, MIG will also seek compensation from Athens International Airport amounting to 43.5 million euros for breaking the contract OA had signed with the airport prior to its acquisition by Marfin Investment Group, when it was known as Olympic Airways. Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece. Share 0 FacebookTwitterLinkedinWhatsappEmail GTP editing team This is the team byline for GTP. The copyrights for these articles are owned by GTP. They may not be redistributed without the permission of the owner. previous post Olympia Golden Beach Resort Opens Next Month next post Alonissos Launches Contest For New Tourism Logo You may also like Greece’s Hotel Market Sees Major Investments Over Four Months 5 February 2025 Celestyal Celebrates Valentine’s Day with Free Cabin Upgrades 5 February 2025 Flisvos Beachfront Apartments Offers Seaside Stays on Skopelos Island 4 February 2025 ITA Airways Unveils New Commercial Benefits as it Joins Lufthansa Group 4 February 2025 HotelBrain Expands with 10-Year Lease of Dion Palace Resort & Spa 4 February 2025 SKY express: Free Tickets for Children, Teachers on All Santorini-Athens Flights 4 February 2025
