- Greece: the private Greek group AXON HOLDINGS is on the verge of buying a majority stake in the public group OLYMPIC AIRWAYS. The group has indeed significantly upped its offer and its now said to be the Greek Government's preferred bidder. You may recall that OLYMPIC AIRWAYS, in financial difficulties with a deficit estimated at 70 bn drachmae, is to be sold off by the State, offering its assets for sale. Should an agreement with AXON HOLDINGS be clinched, a new air group would be...