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Aviation Crisis to Hit “Eleftherios Venizelos”

The crisis within the aviation market, which has already reached alarming proportions in the USA, is slowly beginning to have an impact on Greece, say representatives from Athens International Airport “Eleftherios Venizelos.”

Olympic Airlines Administration Shuffle

Transport and Communications Minister Costis Hatzidakis recently rearranged the administration of Olympic Airlines, Olympic Airways-Services and Pantheon Airways.

EU Agrees to Olympic Airlines’ Privatization

The European Union last month gave its consent to Greece's plan to privatize the Greek carrier Olympic Airlines next year, but said the airline must pay back 850 million euros in illegal state aid it received between 2005-2007.

New Era Of Olympic Begins: Olympic Air

“Greece is high above,” was the slogan of Olympic Air's press conference held last month in regards to the launch of operations of the new and privatized Olympic that replaces the loss-making state carrier Olympic Airlines.

Aegean Airlines Sets The Record Straight

Aegean Airlines last month rejected allegations from Olympic Air that the launch of the Thessaloniki-Istanbul route on 9 September was a result of a secret agreement between the airlines, the Foreign Ministry and the Civil Aviation Authority.

Thessaloniki Upset Over Olympic Route Cuts

The necessary route cuts to and from Athens were covered by alliances that Olympic Air secured with other airlines but a similar move was not made for Thessaloniki, which adds to the city's further aviation isolation, the Professional Chamber of Thessaloniki recently said.

Olympic Air Takes Off

Olympic Air, the successor of former state-run carrier Olympic Airlines, made its first official flight to Thessaloniki on 1 October with an Airbus 320. The first route symbolically retraced the route first taken by Aristotelis Onasis' Olympic Airways on 6 April 1957 with a...

Dinos Frantzeskakis

On the dawn of summer 2009 and a difficult tourism season, Philoxenia 2009 opens its doors once again. Despite the atmosphere of gloom and doom within the global airline industry, with diminishing profits, even bigger losses and the world economy still in disarray, a ray of hope...

AirSea Lines Suspends Flights to Aegean

AirSea Lines officially suspended its programmed flights from Lavrio seadrome to islands in the Aegean but it said it would continue flights as planned for the Ionian islands and Brindisi, Italy, from Patra.

Olympic Airlines Expands its Fleet

Olympic Airlines has expanded its fleet as it recently incorporated a new aircraft Boeing 737-400. The new aircraft was acquired through long-term lease from Los Angeles-based International Lease Finance Corporation and was inducted under Greek registry with certification.

New Tourism Investment Infrastructure Interest

According to local press reports, foreign investors and large foreign enterprises are targeting some of the most important Greek ports and all airports, expecting that the country's tourism development will continue and expand, in particular into the winter season.

Olympic Air To Fly As Of October 2009

Marfin Investment Group (MIG) recently announced that preparations are in progress for the launch of the flight operations of Olympic Air.

Olympic Goes Through Revamp Process

Olympic Airline's owners, Marfin Investment Group (MIG), announced the designers of the carrier's new cabin crew uniforms last month.

State Sells Olympic Airlines

Marfin Investment Group sealed a deal with the Greek government and will buy Olympic Airlines now that the European Commission gave the green light for the sale and a joint ministerial privatization committee approved the deal.

Hellenic Chamber of Hotels Predicts Tourism Levels in 2008

The Hellenic Chamber of Hotels recently held its final meeting for 2007 in the presence of Tourism Development Minister Aris Spiliotopoulos and the political leadership of the Greek National Tourism Organization.

Olympic Airways Celebrates 50 Years

Olympic Airways marked its 50-year anniversary with the publication of a special edition photographic album entitled "50 Years Olympic Airways-The Aircraft we Flew."

Athens International Airport Reveals 10% Passenger Traffic Increase

Athens International Airport announced another record-breaking year with a total of 16.5 million passengers in 2007, an impressive 10 percent increase from its 15.1 million passengers in 2006. There was an eight percent increase in the number of flights that for the first time...

HATTA Says Tourism Needs Olympic and Aegean

The Hellenic Association of Travel and Tourism Services recently hosted an annual event by members of the board and the association's air matters committee in honor of the airline industry. Representatives from airline companies and distribution companies (CRS) as well as members...

Aegean Orders 12 New Airbus A320s

Last month Aegean Airlines signed an agreement for the purchase of eight new Airbus A320 passenger jets and an option for another 12. The new jets will replace present aircraft and allow the airline to extend its present domestic and international network, says the airline.

Difficulties in Establishing a New Olympic Airlines

As we go to press, negotiation meetings to determine the future of Olympic Airlines continue. The EU gave the government until the end of March to develop a plan for liquidating the airline, and a business plan for the new company with private capital for funding.