Atow Aegean Airlines, whose proposed merger with competitor Olympic Air was blocked by the European Commission last month (ATW Daily News, Jan. 27), said it expects to report a net loss of €22-€24 million ($30-$33 million) for 2010 and warned that a loss for the current year is “very likely” owing to higher fuel prices […]
New Europe The case of the merger of two private Greek airliners, Olympic and Aegean is on the spotlight again as the European Commission has to decide, next week whether such merger is possible or not. Almost a year ago, the boards of the two airlines agreed a merger. As we reported at the time, […]
Air travel across much of Europe was paralysed for a fourth day on Sunday by a huge cloud of volcanic ash, but Dutch and German test flights carried out without apparent damage seemed to offer some hope of respite. By Patrick Sawer and Robert Mendick Daily Telegraph Volcano chaos could continue for months Britons stranded […]
Greece’s two major airlines, Olympic Air and Aegean Airlines SA, are merging to create a “national airline champion,” the companies said in a statement Monday. The two airlines together have 97 per cent of the Greek domestic air travel market and will use the name Olympic Air after a transition period in which the Aegean […]
When the latest incarnation of the Greece’s ‘Olympic’ finally left the ground on 1 October this year, what would the airline’s original founder Aristotle Onassis have been feeling had he been alive? Probably relief. For years the Greek government has been under pressure from EU regulators in Brussels to offload the loss making Olympic operation […]
If your airline goes bankrupt and leaves you stranded what are your legal rights? Members of the Parliament’s Transport Committee want grounded passengers to have access to a special compensation fund. In the last decade almost 100 airlines across the European Union have gone bankrupt – leaving thousands of holiday makers and business flyers out […]
Alternative flights for cancelled Olympic Airlines services As part of its privatisation process, Olympic Airlines has cancelled all services on 15 routes until further notice, including flights between Athens and Frankfurt, Berlin, Dusseldorf, Munich & Stuttgart. Passengers looking for replacement flights are using Aegean Airlines on the europebyair FlightPass as their replacement on these routes […]