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

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."

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.

Galileo Signs Agreement With Galileo Hellas

Galileo, a leading global distribution system (GDS) and subsidiary of Travelport, renewed its long-term distribution agreement with Galileo Hellas, the government-owned travel distribution company, to distribute Galileo GDS to the Greek and Cypriot markets.

Government Expands Ties with Asia

Boosting tourism and trade with Asia was a key theme last month, with the government signing agreements with South Korea and Thailand. Progress also was made on direct flights to Beijing.

Arab-Hellenic Forum Venue for Tourism

Greece is aiming to be one of the top five tourism destinations, said Tourism Minister Fani Palli-Petralia, at the first forum organized by the Arab-Hellenic Chamber of Commerce & Development. The minister added that "this is an achievable goal since the country is ranked...

Tender Called for Galileo Hellas Sale

Government and its consultant firm, Lazard, along with three banks (National, Emboriki, Alpha), published a call for tenders last month in foreign financial papers for the sale of Olympic Airlines' subsidiary company Galileo Hellas.

Olympic to Continue Flying Throughout Summer

Government officials last month promised to keep Olympic Airways flying over the summer, despite a fresh European Union warning over illegal aid. They also insisted that there were groups who were interested in purchasing 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.

New Olympic Air Carrier Before Summer

Transport Minister Michael Liapis told reporters last month that he would soon appoint a board of directors for the proposed new Olympic Airways company, which he expects to start flying this spring (press reports say September at the earliest).

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.

Yet Another New Olympic Airline

A new company is to be launched early next year to replace Olympic Airlines, according to a recent government announcement. This follows the state's latest failed attempt to find a buyer for the country's ailing flag carrier. In mid November, government officially declared that...

World Tourism Day Celebrated Quietly

Celebration of World Tourism Day came and went in late September with little fanfare. Greece's tourism minister welcomed some dignitaries at Cape Sounio and local professional organizations made some announcements. The Institute for Tourism Research and Forecasts, for example,...

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.

Olympic Airlines’ Bids at 30 Million Euros

From the five bids government has received in an international sale tender for a majority stake in national carrier Olympic Airlines, it appears that government coffers will be lucky to get a cash settlement of about 30 million euros.

Five Bids for Olympic

The government has received five bids in an international sale tender for a majority stake in national carrier Olympic Airlines, according to a government announcement last month. The binding offers accompanied by letters of guarantee were from all groups that expressed interest...

Olympic Airlines Saga Ends This Month

Sometime this month, says the government, we will see the completion of the competition called by the previous government for the privatization of Olympic Airlines. Until then, there will be no changes in the airline's management, said Mihalis Liapis, Greece's transportation and...

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...