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EU Court partially erases EC decision against government loans to Olympiaki

Brussels, Belgium - Greek airline recourse has been granted

EU Court has partially erased decisions of European Commission about government loans to the Greek airline Olympiaki Aeroporia Ypiresies, requested in 2002. In 2002, indeed, Greek government had required to the UE the authorization to get loans for Olympiaki, to avoid its failure after damages caused by September, 11th 2001 attacks. As from there, European Commission had established some principles...

AVIONEWS - World Aeronautical Press Agency - 1091492

AVIONEWS - World Aeronautical Press Agency