ana-mpa.gr Marfin Investment Group (MIG) announced on Wednesday that a subsidiary has signed a firm order for eight Q400 aircraft, including 5 Q400 NextGen airliners, for Olympic Air, with options on an additional eight NextGen airliners. The order is estimated at 224 million US dollars, and delivery is expected to commence in July, ahead of […]
Forbes.com Aegean Airlines is joining the Star Alliance airline network and expects to become a full member by 2010, the Greek carrier announced Tuesday. The 10-year-old private airline could face stiffer domestic competition after Greece’s government reached a deal in March to sell ailing state carrier Olympic Airlines to an investment group. Aegean currently serves […]
Associated Press ATHENS, Greece (AP) – Greece’s Olympic Airlines says it is canceling more than 100 flights Friday as part of union protests coinciding with the May 1 labor day holiday. Public transport services including buses, intercity trains and the capital’s metro system, will also be disrupted, as will ferry routes between Greek islands. Olympic […]
Financial Mirror For several months now the island’s main carrier, Cyprus Airways, has been on the defensive, reacting to challenges from other airlines, but with no clear forward-thinking strategy of its own. It all started in December when CAIR slashed return fares from the UK by about 100 pounds, trying to fend off the competition […]
reuters By Harry Papachristou ATHENS, April 9 (Reuters) – Greek lawmakers approved on Thursday the privatisation of Olympic Airlines after years of failed sale efforts as angry labour unions said they were determined to disrupt operations. The Greek parliament ratified Olympic’s sale to Marfin Investment Group (MIG) (MRFr.AT: Quote, Profile, Research), Greece’s biggest buyout company, […]
News From Reuters reuters logo ATHENS, April 2 (Reuters) – Hundreds of thousands of Greeks joined a nationwide strike on Thursday to protest against low salaries and job cuts, disrupting transport and shutting down services. Flights to and from Greece were expected to be suspended for several hours later on Thursday, banks and schools shut […]
MonstersAnd Critics.com Athens – Air transport across Greece is set to be paralyzed and vessels will remain anchored at ports on Thursday after workers called a nationwide 24-hour strike to protest against the government’s economic polices. Air traffic controllers said they will walk off the job from 12 pm until 4 pm (0900 GMT until […]