Greece is attacking Aegean Airlines and thus indirectly also the regional subsidiary Olympic Air with aid in the amount of 120 million euros. Another 60 million euros are to be raised by the shareholders. The package was submitted to the EU Commission for approval.

As soon as the competition authorities have given the go-ahead, Greece plans to transfer 120 million euros to the country's largest carrier. The company has significantly less income due to the corona pandemic, but is considered to be particularly important for the economy. The amount of the aid is well below what the EU Commission allows as maximum support per airline. The competition watchdog is currently capping the maximum amount with 32 billion euros.

Aegean claims to have posted a loss of 160 million euros since the beginning of the corona pandemic. Of this, 65 million euros are attributable to the second quarter of the current financial year alone. Domestic traffic fell by 55,7 percent to 1,22 million passengers in the first half of the year.