After the collapse of this attempt to sell the company, former Transport Minister Kostis Hatzidakis extended an invitation to financial groups to proceed to direct negotiations for the sale of the Group. First to respond was the Marfin Investment Group (MIG), the largest investment fund of Greece, submitting an offer to buy the flight operations and technical base of the Group. Also, Swissport submitted an offer to buy the ground handling operations. After three weeks of negotiations with MIG, on 4 March 2009, Aegean Airlines and Greek-American consortium Chrysler Aviation, also submitted offers to buy the Group. However, Aegean Airlines' offer was not accepted as the new airline would control over 95% of domestic routes, while the government's financial advisors could not determine whether Chrysler Aviation was in the financial position to support its bid. On 6 March 2009, Development Minister Kostis Hatzidakis announced the sale of the flight operations and the technical base companies to MIG. The negotiations with Swissport continued for another week, to facilitate a commercial agreement between MIG and Swissport. However, a deal was not reached and MIG announced it would take over Olympic's ground handling operations as well. The new owners planned to secure approximately 4,000 of the 8,500 jobs of the Group. As part of its deal with the Greek state, MIG purchased the assets of "Pantheon Airways", some of the valuable slots of "Olympic Airlines" in New York, London, Paris, Rome, Frankfurt, Brussels and Bucharest, as well as exclusive rights to the "Olympic" brand name and the six rings logo. It also acquired the right to use the two hangars, the cargo unit of "Olympic Airways Services" and other facilities at Athens International Airport for 25 years. The new airline planned to only retain 65% of the flight operations compared to Olympic's flight operations in summer 2008, in accordance to a rule imposed by the EU during the approval of the sale. It also had to give up its monopoly on the currently operated state-subsidized island routes, and equally share them with other Greek airlines. "Olympic Handling", as the new ground handling company is named, commenced its operations on 29 June, followed by the new technical base company, "Olympic Engineering" and finally, on 29 September, the new airline, officially renamed Olympic Air. The new name of the company was announced during a tender to modernize and redesign the logo of the new airline. This tender followed a previous one that called for fashion designers to submit their designs for the new uniforms of the airline.