Athens - The European Commission Tuesday approved the sale of Greece's national carrier Olympic Airlines to the Marfin Investment Group after years of failed privatisation attempts.
The deal involving Marfin, a Greek-based investment holdings company, comes a month after the conservative government made a last- minute appeal for investors to rescue Olympic, after an international tender failed to produce satisfactory offers.
Bids by two other companies for the ailing airline, Aegean Airlines and US-based Chrysler Aviation, were rejected.