Total passenger traffic for Aegean Airlines and Olympic Air was up by 26 percent in April 2014, climbing to 751,347 passengers, 153,443 more than the total for both companies during the same period in 2013.
Greek carrier Aegean Airlines recently reported improved financial performance for 2013. Last year, the company's revenue increased by 21 percent to 682.7 million euros. Net earnings after tax reached 66.3 million euros, compared to losses of 10.5 million euros in 2012.
One of the most widely recognizable brands in the world, the Olympic rings, will no longer be included in the portfolio of Marfin Investment Group (MIG), which has decided to officially cut all ties with its Olympic past.
Greek carrier Aegean Airlines signed a definitive agreement with Marfin Investment Group to acquire Olympic Air on 23 October. The transfer of 100 percent of Olympic Air shares was completed the same day.
Aegean Airlines and Olympic Air recently presented their plans that will follow the merge of the two companies, during a meeting with 32 representatives from 15 Greek remote islands that has air routes covered by Olympic Air.
The upcoming merger of Aegean Airlines and Olympic Air is expected to create a strong national carrier that will contribute to the growth of Greek tourism, according to the president of the Association of Greek Tourism Enterprises (SETE), Andreas Andreadis.
"Τhe European Commission’s announcement, which opens the way for the acquisition of Olympic Air by Aegean Airlines, is a positive development for the country's fields of aviation and tourism," Greek Tourism Olga Kefalogianni said when commenting on the merger of the two Greek...
Greek carrier Olympic Air issued an official statement in regards to its recent decision to halt flights from Athens to Thessaloniki and Iraklio, Crete, as of 13 October 2013, and to Rhodes as of 30 September.