Sabre Aviation Consulting Services was contracted by the Greek government to find investors and develop a business plan for an airline to replace troubled Olympic Airlines, aiming to start operating this fall.
The new carrier will probably be called Pantheon Airways. The government will be a minority shareholder of the new carrier. Pantheon should be run as a private airline.
Pantheon’s structure appears similar to that of SN Brussels Airlines, which arose from the bankrupt Belgian national carrier Sabena. Pantheon will operate primarily within Europe.