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Greece's latest tourism industry news by Greek Travel Pages (gtp)

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.

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...

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...

New Offers For Olympic Airways

Axon Airlines SA, Golden Aviation Services (the Restis shipping group), Integrated Airline Solutions and Cyprus Airways deposited new bids for the purchase of national carrier Olympic Airways. As we go to press, bidders are said to be on their way to London to discuss the bids...