"Airlines for Mr Onassis"
Portsmouth Evening News - Saturday 05 January 1957
The Greek parliament has passed a Bill ratifying an agreement signed on July 31 between the Greek State and Mr Aristotle Onassis, granting him a 20 year concession to run and exploit local airlines and build up a network of air communications between Greece and the main air traffic centres of the world.
The Bill provides for the formation of a company with an investment of about 15,000,000 dollars (£5,000,000).
One of the first steps which Mr Onassis is expected to adopt is the replacing of all the outmoded equipment of T.A.E (the defunct Greek airlines) and the purchase of a number of new aircraft.
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