Category: Air Travel | Page 173 | GTP Headlines

Airport Ground Handling Companies Hit Financially

Airport ground handling companies here in Greece now suffer the same financial blows felt by airlines after the New York terrorism attack. Airlines, in an dire attempt to cut costs wherever possible, have made life unbearable for some independent companies, not least of which are...

Posted On 01 Jan 2002

, By GTP editing team

Thomas Liakounakos, chairman of Axon Airlines and Axon Holdings, presented airline's five new jets this past summer just prior to the terrorism attack in the U.S. that overturned so many optimistic investment plans.

Axon Airlines Grounded

Axon Airlines, which was bidding to buy national carrier Olympic Airways, announced the suspension of operations on November 30, citing an industry downturn and rising losses in the wake of the September 11 attacks on the United States.

Posted On 01 Jan 2002

, By GTP editing team

Cyprus Airways To Create Greek Subsidiary

Either through a Greek subsidiary airline or through an alliance with a private Greek carrier, Cyprus Airways is about to take on Olympic Airways. The Cypriot flag carrier says it will concentrate on international flights out of Greece and perhaps team up with a private Greek...

Posted On 01 Jan 2002

, By GTP editing team

Travel Trade Calls Emergency Session To Confront Commission Cuts

Greece's travel trade associations got together last month ans called emergency general assembly of all travel associations to consider stop selling domestic airline tickets after local carriers cut agency commission down to 6.94% from 9%.

Posted On 01 Dec 2001

, By GTP editing team

Tourism Sector Calls For Abolition Of Airport Tax As Air Fares Rise

High insurance fees and low revenue have forced Greek airlines to increase fares. At the same time, they want major decreases in airport fees and taxes. And so far, they have managed to get all of the tourism-related associations in the private sector behind them in a strong...

Posted On 01 Nov 2001

, By GTP editing team

Smaller Airlines Preferred By Travelers

It looks like the average flyer believes that the smaller airlines are safer than the big named companies. September's passenger load factor figures were down for Greece's largest airline, state-owned Olympic Airways, as well as major international carriers out of Athens, but...

Posted On 01 Nov 2001

, By GTP editing team

New Athens Airport Dealt Serious Blow

If forecasts for the Athens's new Eleftherios Venizelos airport come to pass, the new airport could be dealt a serious blow. For the moment it expects to see a 20- to 25-percent drop in passenger traffic in the last quarter of the year. This is all a result of the current crises...

Posted On 01 Nov 2001

, By GTP editing team

Lufthansa Closes Thessaloniki Office

In the wake of the many repercussions after the September 11 disaster, some companies were quick to cut costs in hopes of staving off financial disaster. The German carrier Lufthansa, for example, announced the closure of its Thessaloniki office.

Posted On 01 Nov 2001

, By GTP editing team

European Airlines Seek EU Financial Assistance

Don't weaken our competitive position, the Association of European Airlines tells EU policy-makers. The events of September 11th have taken the global airline industry into uncharted territory, and according to AEA estimates its member airlines will, in the remainder of the year,...

Posted On 01 Nov 2001

, By GTP editing team

Helipads For Greek Island Destinations

The construction of four new helipads, three in the Aegean and one on an Ionian island, were announced last month by the government – Ithaca, Dodecanese, Patmos, Tinos, Lesvos. All four projected helipads will be able to operate day and night for helicopters of up to 15 meters –...

Posted On 01 Oct 2001

, By GTP editing team

Olympic Airways Sale On Hold

Recent events have created new conditions under which the privatization of Olympic Airways must be carried out. Although the Greek government gave the green light to privatization advisers Credit Suisse First Boston to continue negotiations with Axon Airlines until October 17 -a...

Posted On 01 Oct 2001

, By GTP editing team

Lufthansa Increases Capacity Between Athens And Frankfurt

Lufthansa German Airlines has reported that for the first time more than 300,000 passengers in the month of July have traveled between Athens and Germany. Due to high demand, the carrier in April placed an Airbus A300-600 instead of and A 320/321 on the route, which increased...

Posted On 01 Oct 2001

, By GTP editing team

Modernization Works For Thessaloniki’s Macedonia Airport

Plans for new installations at Thessaloniki's Macedonia airport, budgeted at 100 billion drachmas, are expected to be ready for tender by next year, the Public Works Ministry announced last month. Also planned is the installation of the ILS-II landing system that has been...

Posted On 01 Oct 2001

, By GTP editing team

SkyTeam Alliance

Alitalia Joins SkyTeam Alliance

One of the last big independent names in air travel, Alitalia, signed an agreement recently with the global alliance SkyTeam. Members include Air France, Delta Airlines, Korean Airlines, Aeromexico and CSA Czech Airlines. CSA's international hub in Prague strengthens Skyteam's...

Posted On 01 Oct 2001

, By GTP editing team

European Airlines Protest EU Proposals On Airport Slots

Latest European Commission proposals to amend the 1993 Regulation on airport slots have come under fire from the Association of European Airlines and its members, who believe that the commission has reneged on a promise made last year to limit this stage of the legislative...

Posted On 01 Sep 2001

, By GTP editing team

Athens Airport Eleftherios Venizelos To Cut Rates

Negative reports in local newspapers concerning the new Athens International Airport at Spata, Elefterios Venizelos, may have played a role in the airport's recent announcement that it will lower airport fees later this year. The newspaper reports concentrated on the lower...

Posted On 01 Sep 2001

, By GTP editing team

European Airlines Create Online Travel Portal

Nine of Europe's leading airlines recently unveiled plans to move into the online travel market with the launch this year of a new online travel service, that sells flights and other travel products direct to the consumer.

Posted On 01 Sep 2001

, By GTP editing team

Axon Takes Delivery Of Five New Aircraft As It Bids For Olympic Airways

With or without Olympic Airways, Axon Airlines, which has emerged as the frontrunner in a privatization tender for Olympic Airways, intends to grow by leaps and bounds. The two-year-old airline last month took formal delivery of five new aircraft - two Boeing 737-400s and three...

Posted On 01 Aug 2001

, By GTP editing team

Greece’s SkyTeam Leaders Inform Travel Trade

SkyTeam, the global airline alliance founded by Aeromexico, Air France, Delta Air Lines and Korean Air, as well as its newest member, CSA Czech Airlines, held a major bash at the Astir Place last month to inform the Greek travel trade on the many customer benefits available...

Posted On 01 Jul 2001

, By GTP editing team

Athens Airport Defends Pricing Policies

The Athens Skal Club called on top-level executives from the new Athens international airport to join members for the monthly luncheon and explain why the airport charges are so high. The club's president, Makis Fokas, welcomed two executives and explained the problems the travel...

Posted On 01 Jul 2001

, By GTP editing team

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