Category Archives: Olympic Airlines

Olympic Air (3rd) to take over on September 29

Copyright Photo: Antony J. Best.  Please click on photo for more photos.

Copyright Photo: Antony J. Best. Please click on photo for more photos.

Olympic Air (3rd) (Athens) will take over as the new Greek flag carrier on September 29. Outgoing Olympic Airlines (2nd) (Athens) will operate its last flights on September 28.

News link:

airlineroute.blogspot.com/2009/09/olympic-airlines-cease-operation.html

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Olympic Air adds new aircraft and a new livery

 

Ex-Deccan Airbus A320-232 VT-DNV (msn 3316) taxies at Berlin (Schoenefeld) in the new 2009 livery.  Copyright Photo: Michael Kubatz.

Ex-Deccan Airbus A320-232 VT-DNV (msn 3316) taxies at Berlin (Schoenefeld) in the new 2009 livery. Copyright Photo: Michael Kubatz.

Olympic Air (3rd) (Athens) under new ownership and leadership is adding new aircraft types (Airbus A319s and A320s) as it upgrades the appearance of the flag carrier. The new owners will officially take over on October 1, 2009.

Flybe to operate four Q400s for Olympic Air

Flybe (Exeter) will wet lease and operate four of its Bombardier DHC-8-400s (Q400s) for the newly-reorganized Olympic Air (Athens). The turboprops will be operated from August 2009 through September 2010.

Please click on photo for full view, information and other photos.

Please click on photo for full view, information and other photos.

Pantheon to operate eight DHC-8-400s (Q400s)

 

Image: Bombardier.

Image: Bombardier.

Pantheon Airways (Athens) will operate eight Bombardier DHC-8-400s (Q400s) for the newly-reorganized Olympic Air (3rd) (Athens). MIG Aviation 3 Limited, a subsidiary of the Marfin Investment Group Holdings S.A. of Greece, has signed a firm order for eight DHC-8-400s., including five updated Q400 NextGen airliners. The new airliners will be leased to Pantheon which will operate the aircraft in OA’s updated colors. 

Previously on March 6, 2009, Greece’s Development Minister Kostis Hatzidakis announced the sale of the flight operations and the technical companies to MIG. MIG announced it would assume Olympic Airlines’ ground handling operations.  After 35 years of state control and 10 years of failed sale attempts, Olympic Airlines (previously Olympic Airways) will once again become a private airline and company. MIG also purchased the assets of paper airline Pantheon Airways and some of the assets of Olympic Airlines (2nd) including aircraft, facilities and slots at Brussels, Bucharest, Frankfurt, London Heathrow, New York, Paris and Rome. The sale also included the “Olympic” name and brand including the six rings logo. MIG also acquired the leases of two hangars at Athens and Olympic Airways Services, the cargo unit and other facilities at Athens International Airport for 25 years. MIG has also created Olympic Handling which will handle all ground handling services starting in July.  The new airline, now named Olympic Air (3rd), will begin operations on October 1, 2009.

 

Aegean and Olympic facing a day of strikes

 

Please click on photo for full view and caption.

Please click on photo for full view and caption.

Aegean Airlines (Athens) and Olympic Airlines (Athens) today are facing a long day of country-wide general strikes in Greece including the air traffic controllers. Aegean has already cancelled 50 flights and Olympic has cancelled 140 flights. The workers are protesting low wages and job cuts.

Olympic Airlines to be sold to Marfin

 

Please click on photo for full view and caption.

Please click on photo for full view and caption.

Olympic Airlines (Athens) will be sold to the Marfin Investment Group despite a higher bid by Aegean Airlines (Athens). The government of Greece rejected the Aegean bid and is now finalizing the deal with Marfin.