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Air France-KLM Deal Just the Beginning

Air France's planned takeover of KLM Royal Dutch Airlines, which would create Europe's largest airline, may just be the beginning of a trend as airline carriers look to ways to cooperate and cut costs after two years of extensive losses.

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.

Bids Called For The Sale Of Galileo Hellas

Greece's transport ministry announced a tender for the sale of a majority stake in Galileo Hellas. Tenders were to be accepted up until January 17.

Government Expects Minor Drop In Arrivals

Development Minister Akis Tsohatzopoulos during a recent press call said that Greek tourism is heading for recovery following the end of the war in Iraq. He said tourist arrivals will pick up pace later this year following the end of the war in Iraq and despite the threat posed...

Agones Grammes Interim Tender Causes Clashes

MIG President Andreas Vgenopoulos recently criticized Transport Deputy Minister Nikos Sifounakis as he made reference to a "scandalous government inability" and "lack of specific policy in air transports" in regards to the latter's handling of the interim state-subsidized...

Olympic Air Officially Takes Off

Marfin Investment Group will continue to place public interest above short-term business interests for as long as Greece is tested by the crisis, said the company's President Andreas Vgenopoulos during the official inauguration ceremony of Olympic Air held at the company's...

Olympic Air Grabs Last Agones Grammes Routes

The operations of the nine remaining state-subsidized air routes (24 in total) to remote Greek islands were awarded to Olympic Air at the price of 5,220,527 euros, the Civil Aviation Authority announced in late November 2009.

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...

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.

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...

Subsidies For Olympic Aviation On Unprofitable Routes

Olympic's domestic subsidiary carrier, Olympic Aviation, gets some 10.3 million euros (3.5 billion drachmas) annually in government subsidies for operating flights to nine island destinations considered highly unprofitable.

Contenders Announced For Remote Greek Island Routes

Five airlines have expressed interest in the tender for the operation of the 24 state-subsidized air routes to remote Greek islands for the period 1 April 2010-31 March 2012.

Aegean Airlines, Olympic Air Discuss Partnership

Greece’s two largest carriers, Aegean Airlines and Olympic Air, recently confirmed potential cooperation talks held between their major shareholders. Both companies have released no details so far.

Athens Loses Direct Air Connections To Major Destinations

Singapore Airlines will cease routes to Athens as of 26 October 2012 due to “sustained weak performance,” the Greek travel industry was informed last month. This was just the most recent hit as many carriers have already announced plans to stop direct flights to the Greek capital.

Four Airlines To Fly State-Subsidized Air Routes

The four airlines to fly the 24 state-subsidized domestic air routes to remote Greek islands (agones grammes) for the four-year period 2013-2016 were announced last month by the Hellenic Civil Aviation Authority.

Contenders Announced For Remote Greek Island Air Routes

Six airline companies have expressed interest in the tender for the operation of the 24 state-subsidized domestic air routes to remote Greek islands (agones grammes) for the four-year period 2013-2016. According to the Hellenic Civil Aviation Authority, competing carriers are...

Olympic Air Flies Athletes To 2012 London Olympic Games

The Greek Olympic team and the Olympic Air crew in front of the Airbus A320 right before takeoff to the 2012 London Olympic Games. Olympic Air, official sponsor of the Hellenic Olympic Committee, carried the athletes to London on 23 July and 13 August.

Olympic Air and KLM Sign Code Share Agreement

Olympic Air and KLM signed a code share agreement last month that entitled the airlines to market flights between Amsterdam and Athens for connecting traffic under each other’s flight numbers.

Tourism Leaders All For Tourism Museum

At a recent seminar held in the Old Parliament in downtown Athens tourism and political leaders gave their full support and are one hundred percent in favor of the Women in Tourism association's proposal to create a Greek tourism museum.

Olympic Aviation Goes International With New Jets

With the delivery last month of two new passenger jets, Olympic Airways' subsidiary Olympic Aviation breaks out of the confines of the regional market and heads for the skies over Europe.