It was announced yesterday that the main shareholders of AEGEAN AIRLINES and OLYMPIC AIR have reached today an agreement to combine the two companies into a single organisation bearing the name and logo of Olympic Air. Commenting on the abovementioned agreement, the Chairman of Aegean Mr.  Vassilakis made the following statement: “Since the first day of Aegean’s operations, we have been pursuing our vision for innovative, high quality services, through significant investments. The relative size of our competitors within the European Union necessitates the joining of the two main Greek airlines, to achieve increased autonomy in serving the needs of our country’s tourism, increase route options for consumers, ensure the long-term development and viability of the two airlines and protect the levels of employment in the sector.”

The Chairman of OLYMPIC AIR Mr. A. Vgenopoulos also made the following statement: “The prevailing conditions in the Greek economy as well as in the aviation sector dictate the combination of forces in order to maintain competitive customer prices, protect levels of employment and increase our competitiveness at a European level. The merger of OLYMPIC with AEGEAN serves all of those objectives and at the same time preserves and strengthens the OLYMPIC brand name, an inherent piece of our national tradition making all Greeks very proud.”

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