Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 08:00, September 20, 2005
Greece airline to appeal to European Court over EU ruling
font size    

Greece's flag carrier Olympic Airlines (OA) has decided to appeal to the European Court of Justice over the European Commission's ruling that the state aid to the carrier was illegal, senior Greek official disclosed here on Monday.

Greek Transport and Communications Minister Michalis Liapis did not specify whether the Greek government would also appeal last week's decision by the EU, which could push the OA into financial collapse.

The European Commission ruled last Wednesday that Olympic Airlines and its predecessor Olympic Airways unfairly benefited from around 700 million euros (850 million US dollars) in illegal subsidies during the past several years.

At a cabinet meeting Monday, Greek Prime Minister Costas Karamanlis said the government's aim is to ensure a viable solution for Olympic.

"Our main goals are to ensure workers' rights, subsidized air flights to Greek islands, ensuring healthy competition and a viable solution for the company," he said.

Karamanlis said the problem must be resolved in the framework of the country's commitments and according to public interest, EU rules and the principles of new governance promoted by the government.

Government sources said all scenarios were open for Olympic Airlines, including the participation of the State to any possible new company form.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
Online marketplace of Manufacturers & Wholesalers

Copyright by People's Daily Online, all rights reserved