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Greece's latest tourism industry news by Greek Travel Pages

Draft Bill Gives OA Six-month Reprieve

The government drafted a bill last month that protects Olympic Airlines (OA) from its creditors and thus guarantees the airline's smooth operation for at least another six months. The draft amendment bars current or future creditors from taking any action against OA until the end...

Olympic Sale Still In the Air

Olympic Airlines, with a share capital of 130 million euros, has chalked up 107 million euros in losses since its setup as a new debt-free airline just a little better than a year and half ago.

A note by the publisher

The perpetual tale of Olympic Airways -- as of December 12, Olympic Airlines -- continues with no end in sight. Although the government says it has selected one of five potential bidders for further talks on a takeover of Olympic Airlines, the slimmed-down successor to heavily...