Olympic Air (3rd) and Aegean Airlines agree to merge

Please click on the AG icon for a direct link to the Aegean photo gallery.

Aegean Airlines (Athens) and recently privatized Olympic Air (3rd) (Athens) agreed to merge to form a stronger airline better able to compete against foreign airlines. The Olympic name and logo will be retained for the new entity after a transition period where both carriers will operate separately.

In related news Aegean Airlines has retired its last Boeing 737.

News link:

www.reuters.com/article/idUSLDE61L0TX20100222

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