# Commission Decision of 17 September 2008 on State aid C 61/07 (ex NN 71/07) — Greece Olympic Airways Services/Olympic Airlines (notified under document C(2008) 5073) (Only the Greek text is authentic) (Text with EEA relevance) (2010/459/EC), Article 1

Extent: E+W+S+N.I.

1. The continued forbearance of the Greek State towards Olympic Airways Services in relation to its tax and social security debts to the State which are estimated to stand at least at EUR 590,4 million constitutes illegal state aid to Olympic Airways Services which is incompatible with the Treaty.
2. The continued forbearance of the Greek State toward Olympic Airlines in respect of aircraft leases estimated in the sum of EUR 137,2 million, debts owed to Olympic Airways Services and Olympic Aviation estimated at totalling EUR 86,3 million, debts owed to the Hellenic Civil Aviation Authority of EUR 4,5 million and Spatosimo tax of at least EUR 38,1 million constitutes illegal state aid to Olympic Airlines which is incompatible with the Treaty.
3. The special creditor protection granted through Greek legislation to Olympic Airways Services and Olympic Airlines constitutes illegal state aid to both companies which is incompatible with the Treaty.

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Source: https://www.legislation.gov.uk/eudn/2010/459/article/1 (the official version)
Page: https://openlegislation.uk/eu-decision-2010-459/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.