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Travel & Tourism industry news by Greek Travel Pages (gtp)

New Railway Section Cuts Travel Time

Prime Minister Costas Simitis, along with Transport Minister Christos Verelis, last month inaugurated a new, improved section of the Athens-Thessaloniki railway that cuts travel time between Greece's two major cities by 27 minutes, to four hours and 30 minutes. "What was once...

Olympic Airlines Takes Over Olympic Airways’ Traffic

Greece's national carrier, Olympic Airways, was officially transformed on December 12 into a slimmer, debt-free carrier under the name Olympic Airlines. After 28 years of public ownership, government now hopes to sell at least 51% of the "new" carrier to private investors....

Olympic Airways Becomes Olympic Airlines

Olympic Airways is about to be molded into slimmer carrier and renamed Olympic Airlines. The launch date of the new company has not been announced but is expected to follow soon after passage of the pertinent bill now in parliament.

Olympic Saga to Finish This Fall

One way or another, the government here says a permanent solution to long-lasting problems with state-owned Olympic Airways will be found and implemented before this winter rolls in. So far, according to a business plan leaked to Greek media, a new company, to be named New...

Greece EU Presidency Features Open Skies Policy

When Greece assumes the European Union presidency on January 1, for a six-month period, its transportation brief will include a member states' agreement to award the European Commission a wide-ranging mandate to negotiate a bilateral USA-EU "open skies" agreement.

Cuts In Airport Taxes May Help Airline Survival

Greece's government, in late December, announced measures to lower costs for the airline industry. It said this should help fortify the sector, which suffers more than most economic sectors after the September 11 terrorist attacks against the U.S. The attack continues to deter...

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...

Olympic Airways Speeds Up Privatization And Gets Funds For Spata Move

Olympic Airways will relocate to the new airport at Spata come March next year following approval from the European Commission for the diversion of funds intended for plane purchases.

State To Cover Olympic Airways Debts

The government is willing to meet Olympic Airways' debts despite the anticipated reaction from the European Union, said Transport Minister Christos Verelis in a recent interview with the Greek daily newspaper Ta Nea.

New Onephone Service From Olympic Airways

Olympic Airways has established a new phone line for nationwide reservations through the Hellenic Telecommunications Organization's onephone service.