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Athens News Agency: News in English, 08-08-29

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] PM briefed on OA, OSE restructuring

  • [01] PM briefed on OA, OSE restructuring

    Prime Minister Costas Karamanlis was briefed on Friday by Transport and Communications Minister Costis Hatzidakis over several ministry-related issues, particularly on restructuring of loss-making Hellenic Railways (OSE) and debt-ridden Olympic Airways (OA), both state-run enterprises.

    Afterwards, in statements to reporters, Hatzidakis merely reiterated that the Greek government, in consultation with the European Commission, aims to provide a long-term solution to OA by attracting reliable investors.

    Hatzidakis, a former Euro-MP who had tabled several questions regarding OA during previous PASOK governments, said the goal is an airline "without the debt and burdens of the past, which however, will retain the name and emblem of the company, with safeguards for the employees".

    He added that an end-of-the-year timeframe is still valid for creating a "clean and viable Olympic Airways".

    Additionally, the minister said he discussed the issue of upgrading various regional airports around the country, with specific announcements to be made next week.

    Finally, Hatzidakis said he briefed the premier on a timetable for restructuring OSE and the post office's overnight delivery unit.

    Athens News Agency: News in English Directory - Previous Article - Next Article
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