HISTORY: OLYMPIC AIRLINES, formerly named Olympic AIrways for at least four decades, was the flag carrier airline of Greece with their head office in Athens. They operated services to 37 domestic and 32 world-wide destinations. On 6 March 2009, the Greek State announced they had reached an agreement to sell the flight operations, ground handling operations and technical base of the group to Marfin Investment Group, the largest Greek investment fund, thus ending 35 years of state ownership. On 29 September 2009 Olympic Airlines ceased all operations and most flights. Olympic Air, the new airline formed from privatisation, commenced flights. The 31 December 2009 deadline as the final possible date that Olympic Airlines should cease operations, was agreed between Greek Government and the European Commision as part of the deal to close Olympic Airlines and sell the name and assets to Olympic Air.
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