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

Olympic Airlines Takes Over Olympic Airways’ Traffic

Greece's national carrier, Olympic Airways, was officially transformed on December 12 into a slimmer, debt-free carrier under the name Olympic Airlines. After 28 years of public ownership, government now hopes to sell at least 51% of the "new" carrier to private investors....

Olympic-Gulf Air Agreement for Athens-Sydney

Flights to Australia from Greece are to start again from November 23, nearly a year after they were suspended, thanks to a deal between Olympic Airways and Gulf Air, the managing directors of the two carriers announced in early September.

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.

HATTA Wins Ruling on Commission Fees

Greece's Competition Commission fined Greece's two biggest airlines, Olympic and Aegean, a total of 210,000 euros for complicity in reducing the commission paid to travel agents, from 9.25 percent to 6.94 percent, on tickets for domestic flights.

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.

Hellas Jet Up and Away Complete with Aegean Cooperation

When Cyprus Airways failed in its efforts to take over Olympic Airways back in 2001, it decided on a counter move and launched its own Athens-based carrier, Hellas Jet, which got off the ground on June 24. The new carrier hopes to undercut Olympic by 15 percent, says the...

Olympic Saga to Finish This Fall

One way or another, the government here says a permanent solution to long-lasting problems with state-owned Olympic Airways will be found and implemented before this winter rolls in. So far, according to a business plan leaked to Greek media, a new company, to be named New...

Hellas Jet Gets Operator’s License

Cyprus Airways subsidiary, Hellas Jet, picked up an air operator's license for Greece but is still waiting on a commercial license. Although the airline had hoped to begin flights on June 23, as we go to press there has been no further announcements as to when flights will begin.

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...

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.

Η αλαζονεία της αερομεταφοράς

Το 1944 η δημιουργία της ΙΑΤΑ εξυπηρέτησε την ανάπτυξη και μεγέθυνση των διεθνών αερομεταφορών με εφαρμογές (κανονισμούς) εναρμονισμένων πρακτικών, αλλά και ανοχή μονοπωλιακών και καταχρηστικών ενεργειών των αερομεταφορών, το δε 1957 η Συνθήκη της Ρώμης (σύσταση...

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.

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...

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...

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.

Galileo Introduces Ferrynet System

Galileo Hellas now offers an online booking and ticketing system for Greek ferry lines. The system, Ferrynet, a product created through cooperation with Anite Travel Systems, provides travel agencies and subscribers with access to seat availability, online reservations and ticketing.

Travel Trade Calls Emergency Session To Confront Commission Cuts

Greece's travel trade associations got together last month ans called emergency general assembly of all travel associations to consider stop selling domestic airline tickets after local carriers cut agency commission down to 6.94% from 9%.

Tourism Sector Calls For Abolition Of Airport Tax As Air Fares Rise

High insurance fees and low revenue have forced Greek airlines to increase fares. At the same time, they want major decreases in airport fees and taxes. And so far, they have managed to get all of the tourism-related associations in the private sector behind them in a strong...

Smaller Airlines Preferred By Travelers

It looks like the average flyer believes that the smaller airlines are safer than the big named companies. September's passenger load factor figures were down for Greece's largest airline, state-owned Olympic Airways, as well as major international carriers out of Athens, but...

New Tourism Crisis Committee Action Package

Government action to help tourism out of its present predicament was promised early last month by Development Minister Nikos Christodoulakis. He announced the formation of an "Tourism Crisis Management Committee," headed by the ministry's tourism officials.