Greece's Aegean Buys Rival Olympic Air

Features Reuters

Greek carrier Aegean Airlines has agreed to buy rival Olympic Air from Marfin Investment Group for 72 million euros in a bid to bolster its position during the country's economic crisis, it
said on Monday.

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The brand names and logos of the two companies will be maintained, Aegean said, adding that payment for the acquisition to Marfin will take place in installments.