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 […]
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) […]
ATHENS (Thomson Financial) – Greece’s cash-strapped national carrier Olympic Airlines on Friday said it was axing a loss-making service to London’s Gatwick Airport and cutting back on another four overseas flights to cut costs. ‘The decision to streamline the flight programme is dictated by the company’s major financial difficulties, the size of the available fleet […]
(One reason not to plan on flying into Athens on the day of your international flight)Some 150 passengers due to fly to Thessaloniki were stranded at Athens International Airport yesterday after their Olympic Airlines flight was grounded due to technical problems. Passengers complained that they waited more than two hours before being informed their flight […]
BRUSSELS (Thomson Financial) – The Court of First Instance (CFI), the European Union (EU)’s second-highest court, has annulled a European Commission request for Greece to recover state aid from Olympic Airways – Services SA. The court annulled a decision by the Commission that aid granted to Olympic, for losses connected with the terrorist attacks of […]
Frequent air travellers to Greece are in for an expensive surprise as Olympic Airways has issued a hike in air-fares on all flights. The price of jet fuel has risen nearly 60% since the start of the year and the new increases, which range from €5 -€25, have been implemented as of today on all […]
Starting on June 1st, Greece will use only electronic airline tickets, following a decision by the International Air Transport Association. National air carrier Olympic Airlines and Aegean Airlines say they are ready for the change. According to the IATA’s 2008 Corporate Air Travel Survey of 1,000 frequent airline passengers, some 89% prefer e-tickets.