* David Gow and John Hooper * The Guardian, * Thursday September 18 2008 * Article history The European commission yesterday reshaped the EU’s aviation sector by forcing Olympic Airlines to repay to the Greek government €850m (£671m) in illegal state aid before it is privatised. Plans to liquidate Olympic, which was founded by Aristotle […]
ATHENS, Sept 17 (Reuters) – Greece said on Wednesday it would shut down ailing state carrier Olympic Airlines [OLY.UL] and relaunch it under a new structure, ending years of failed efforts to find a buyer. “In a little while, there will be an announcement on the agreement between Greece and the European Commission for the […]
Athens – The Greek government on Tuesday was waiting for the green light by the European Commission to replace its debt-ridden state airline, Olympic Airlines, with a new carrier under the name Pantheon Airways. Under the consolidation plan submitted by Greece, Olympic Airlines will be replaced by Pantheon Airways, which will take part in an […]
Holiday Extras The Airbus A380 superjumbo will become an even more familiar sight at Heathrow airport as Singapore Airlines announces more flights to Singapore using the new plane. Singapore Airlines will take delivery of its sixth A380 from Airbus later this month and will use the new plane on flights between Heathrow and Singapore. The […]
By Andrea Rothman. Bloomberg Sept. 8 (Bloomberg) — Air France-KLM Group, Europe’s biggest airline, said passenger traffic rose 2.8 percent last month, led by travel to the Americas. The load factor, or proportion of seats filled, declined 1.6 percentage points to 83.7 percent, as capacity rose 4.7 percent, Paris-based Air France-KLM said in a statement […]
Sep 9 2008 by Andrew Mernin, The Journal Kevin Keegan with his image on the side of a Flybe plane THE level of unrest following Kevin Keegan’s resignation reached sky high yesterday as an airline revealed plans to protest over the turmoil at Newcastle United. When low-cost airline Flybe named one of its fleet after […]
THESSALONIKI, Greece: The Greek prime minister on Saturday vowed to defend troubled Olympic Airlines by cutting staff with a voluntary redundancy program and transfers to other state jobs. Greece’s national carrier is under increasing financial pressure after a European Union court ruled in February that Greece had failed to recover some €130 million (US$185 million) […]