http://avherald.com/h?article=4cbe8434&opt=0A Smartwings Boeing 737-800, registration OK-TVO performing flight QS-1125 from Samos (Greece) to Prague (Czech Republic) with 170 people on board, was enroute at FL360 over the Aegean Sea about 100nm northeast of Athens (Greece) when the crew drifted the aircraft down to FL240 and continued to Prague at FL240 for a landing without further incident about 2:20 hours later.
On top of that, the airline declared:
Flyboy, do you know if there is an equivalent to 14 CFR 121.565 that applies in Europe?The crew proceeded in accordance with the safety and operational procedures for these cases and the aircraft landed safely. The commander is one of the most experienced in the company, the crew was in control of the situation and certainly would not underestimate anything.
121.565 Engine inoperative: Landing; reporting.
Whenever an airplane engine fails or whenever an engine is shutdown to prevent possible damage, the pilot in command must land the airplane at the nearest suitable airport, in point of time, at which a safe landing can be made.