The Greek government's attempts to find a buyer for Olympic Airways have suffered another setback with Olympic Catering employees saying they will try to block the sale of the unit. They will meet this month to decide on protest action. There appears to have been little interest in the government's 68% stake, resulting in suggestions that the unit will seek catering contracts for the 2004 Olympic Games in Athens to attract buyers.
The government intends to sell shares in a number of non-core companies in the hope that a slimmed-down carrier will be more attractive. Transport minister Christos Verelis says if the carrier is not sold by the autumn, it will not survive through the winter.
Source: Flight International
