Archive for the 'Olympic Airlines' Category

A gift from the Gods? Can the new Olympic Air achieve a herculean turnaround of a damaged brand?

Saturday, December 19th, 2009

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 […]

Bust airlines – MEPs back compensation for grounded passengers

Friday, October 9th, 2009

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

Thursday, October 1st, 2009

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 […]

Olympic Airlines successor takes over Tuesday: airline

Monday, September 28th, 2009

ATHENS — Greece’s national carrier Olympic Airlines which was bought by Greek and United Arab Emirates investment group Marfin announced Saturday that starting Tuesday most of its flights will be operated by its successor Olympic Air. The new airline was originally set to start operations on Thursday “but for reasons related to adapting and transferring […]

Aegean Air rebuts Olympic Istanbul route concerns

Thursday, September 24th, 2009

ATHENS, Sept 22 (Reuters) – Aegean Airlines, Greece’s largest carrier by passengers, on Tuesday rejected concerns from rival Olympic Air that an expansion of Aegean’s route network to Istanbul was handled incorrectly by the domestic aviation authority. Olympic Air, created after the privatisation of Greece’s loss-making Olympic Airlines, is set to start flying Oct. 1. […]

Olympic Air Receives Plane

Tuesday, August 4th, 2009

MIG wants to give Olympic Air the youngest aircraft fleet in SE Europe. The first Q400 turboprop in the new company΄s colors has been delivered while 8 more new planes of the same type of total value of 224 mil. euro are to be delivered until the October 1st. These planes will be used for […]

EU court imposes new fines on Greece

Tuesday, July 7th, 2009

Associated Press, 07.07.09, 04:50 AM EDT BRUSSELS — The EU’s Court of Justice has imposed new fines against the Greek government for ignoring a 2005 ruling to take back millions of euros (dollars) worth of subsidies it gave to Olympic Airways. The Luxembourg-based court imposed a euro2 million ($2.8 million) fine and a daily euro16,000 […]