Archive for the 'Aegean Airlines' Category

EU regulators deepen probe into Aegean-Olympic takeover bid

Wednesday, April 24th, 2013

(Reuters) – Aegean Airlines (AGNr.AT) may have to offer fresh concessions to secure EU approval for its second bid to buy Greek rival Olympic Air (MRFr.AT), after the EU’s competition watchdog deepened its investigation into the deal on Tuesday. Aegean submitted concessions to the European Commission last month, including capping fares on some domestic routes. […]

National strikes severely impact Greece flights

Wednesday, June 29th, 2011

Flight Global By Alan Dron Flights to and from Greece are being severely affected as two national strikes sweep across the country to protest the government’s austerity plans. All flights using Greek airports have been cancelled for the duration of strikes by air traffic controllers between 06:00-10:00 and 18:00-22:00 local time on 28 and 29 […]

Olympic Air Signs A Cooperation Agreement With Cyprus Airways

Wednesday, March 23rd, 2011 Olympic Air announced on Tuesday that it signed a wide range cooperation agreement with Cyprus Airways, which focuses on the strengthening of the presence of the two airlines in the wider region of Southeastern Europe. The agreement which was signed in Nicosia by Mr. Yiannis Karakadas, Olympic Air’s Executive Chairman, and Mr. George Mavrokostas […]

New Paris Route Launched by Aegean

Thursday, March 17th, 2011

Just The Flight Greek airline Aegean has revealed that they are to take over slots from airline Olympic Air and offer travellers a number of new flights to Paris and Heathrow. Having previously revealed that four London based slots had been bought, Aegean Airlines said that they were to add new services and increase current […]

Aegean Airlines falls into loss for financial 2010

Tuesday, March 15th, 2011

Breaking Travel News Aegean Airlines made a net loss of €23.3 million in financial 2010 as the carrier was hit by the Greek debt crisis. The largest carrier in the country also saw revenue fall five per cent to €591 million. “Weak domestic demand conditions, the subsequent significant reduction in average fare and the rise […]

Larnaka-London Route Established by Aegean Airlines

Saturday, March 12th, 2011

Greek Reporter An opening to the Cypriot market has been assumed by Aegean Airlines, using the runway in Heathrow acquired by Olympic Air, for immediate flights for the route between Larnaka-London. Aegean is attempting to get a portion of the air flights between Cyprus and Britain. Until now, it has been ruled by British Airways […]

Olympic Air to fight rejection of Aegean merger

Wednesday, March 2nd, 2011

Associated Press ATHENS, Greece – Greece’s Olympic Air says it will cut routes to London, Paris, Vienna and Brussels as part of a reorganization in the wake of the European Commission’s decision to block a proposed merger with local competitor Aegean Airlines. An Olympic statement says both companies will appeal to European courts against the […]