OzGlobal From France, joined Nov 2004, 2684 posts, RR: 4 Reply 2, posted (8 years 10 months 2 weeks 6 days 5 hours ago) and read 2370 times:
I hope someone does something to Olympic. Greece needs a decent airline and Olympic ain't one in good shape!
To illustrate, I once discussed with our coporate travel manager the fact that EgyptAir had very cheap fares Oz - Europe, but added that I wouldn't feel safe on that carrier. Her reply was, "l'd fly Egypt before I'd fly OLYMPIC!!!"
Say no more...
[Edited 2005-02-04 22:57:59]
When all's said and done, there'll be more said than done.
Tango-Bravo From United States of America, joined Jun 2001, 3777 posts, RR: 30 Reply 7, posted (8 years 10 months 2 weeks 6 days 4 hours ago) and read 2323 times:
feedback, do you think that anybodies going to do it, and do you think the airline will survive??
As for Olympic ever being privatized, it will probably be another "Alitalia" -- where stated intentions are confused with concrete action. Which is why Alitalia remains a non-privatized basket case 5 years after it was to have been privatized. I can easily see the same happening with Olympic. The airline will survive as long as someone, namely the Greek government, remains willing to prop up Olympic with state aid and continues to find ways to circumvent supposed EU prohibitions against such subsidies.
Air2gxs From , joined Dec 1969, posts, RR: Reply 9, posted (8 years 10 months 2 weeks 6 days ago) and read 2268 times:
ATL, why is privitization not a good idea?
I've flown Olympic many times and I never know which airline I'm going to be traveling with. Will it be the Olympic with that leaves late with crappy service? Will it leave ontime, with fair service? Will some of the employees randomly strike?
At least if they are owned by some private entity, they may get consistent.
ATLFlyer323 From United States of America, joined Jan 2005, 588 posts, RR: 0 Reply 11, posted (8 years 10 months 2 weeks 6 days ago) and read 2258 times:
I seem to think that it wont go under. As a greek I know that they tend to hold there..well anything very high up. I dont know if they would let there countries airline fail, thats just not greek to me.
Olympicbis From , joined Dec 1969, posts, RR: Reply 12, posted (8 years 10 months 2 weeks 5 days 16 hours ago) and read 2192 times:
" I'd fly Egypt before I'd fly Olympic"
As far as safety is concerned, just tell your coporate travel manager to better document herself about the number of crashes Egyptair has suffered compared to Olympic before she makes up her mind... We all know about the bad service one can sometimes experience on Olympic - and which I did too, which is why I do not fly them anymore. But as far as safety is concerned, Olympic performs as well if not better than any other established European carrier, including Air France, my dear OzGlobal..... Their technical Department is worldwide known for its quality, has any certification you may want to have and services many other airlines.
Iakobos From Belgium, joined Aug 2003, 3310 posts, RR: 36 Reply 14, posted (8 years 10 months 2 weeks 5 days 15 hours ago) and read 2163 times:
That's simply a very poor and unjust call.
If there is something at Olympic, old or new, that has consistently worked very well, it is precisely Olympic Technics.
In terms of a/c maintenance their record is among the very best.
OzGlobal From France, joined Nov 2004, 2684 posts, RR: 4 Reply 15, posted (8 years 10 months 2 weeks 5 days 14 hours ago) and read 2134 times:
I once discussed with our coporate travel manager the fact that EgyptAir had very cheap fares Oz - Europe, but added that I wouldn't feel safe on that carrier. Her reply was, "l'd fly Egypt before I'd fly OLYMPIC!!!"
She didn't clarify her specific reasons, but I assumed it was 'all factors considered'. I can see why you thought I was targeting safety, but her comment was on overall quality of service I should think.
When all's said and done, there'll be more said than done.
TOLtommy From United States of America, joined Dec 2003, 3249 posts, RR: 4 Reply 16, posted (8 years 10 months 2 weeks 5 days 11 hours ago) and read 2089 times:
Didn't the union groups oppose this in the past, and get the government to withdraw from previous plans to privatise? I believe when BA was kicking the tires, they realized there would be a lot of job cuts. OA employees didn't like the thought of losing their jobs, even if the airline was overstaffed. Better to remain a government employee.
SNATH From United States of America, joined Mar 2004, 3238 posts, RR: 24 Reply 17, posted (8 years 10 months 2 weeks 5 days 10 hours ago) and read 2077 times:
Concerning OA and BA: I believe BA also made some "interesting" calls too, i.e. wanting to off-load some of their old B757s to OA, apparently without a feasibility study. So, despite the fact that I'm no fan of OA's unions, they did have some valid complaints about BA's involvement.
Nikon: we don't want more pixels, we want better pixels.
Swisswings From Switzerland, joined Feb 2005, 60 posts, RR: 0 Reply 18, posted (8 years 10 months 2 weeks 5 days 9 hours ago) and read 2053 times:
Frankly speaking, I think that the times of Olympic are gone. It is astonishing to see how many European airlines of poor quality and customer service are still flying today thanks to the aid of their own government while others went out of service despite of high quality but because of poor management.
Maybe the Greeks, as other Europeans, e.g. the Swiss, will have to start thinking of a time without a "flag carrier". They will survive. I prefer this to a situation where a flag carrier with bad service and reputation is kept alive with tax payer's money that could be better invested. Yassu, Olympic.
RamerinianAir From United States of America, joined Nov 2003, 1486 posts, RR: 0 Reply 20, posted (8 years 10 months 2 weeks 5 days 4 hours ago) and read 1982 times:
I am no expert in this field but, it seems that Alitalia and OA have similar problems. I think they need to keep it state oriented so that they can pass legislature to keep the unions in check/ keep them from getting to empowered.
Babybus From United Kingdom, joined Dec 2003, 3633 posts, RR: 5 Reply 21, posted (8 years 10 months 2 weeks 5 days 3 hours ago) and read 1985 times:
Olympic is run like a bad middle east airline. The management is all gov't senecures and the rest of the positions are jobs for mates and mates of mates only. Apparently you have to know someone in the compny before you can get a job.
You can't privatize Olympic, it would destroy the social fabric of the country.
It should be amalgamated into MEA, EL AL, Yemenia, Saudia or Iran Air where it could operate in the same way that it does now, within the same corporate culture.
It has a significant role but it ain't an airline that belongs in Europe.
and with that..cabin crew, seats for landing please.
Iakobos From Belgium, joined Aug 2003, 3310 posts, RR: 36 Reply 23, posted (8 years 10 months 2 weeks 4 days 8 hours ago) and read 1900 times:
Update as of Feb 4, 2005
During the (extended) pre-tender period, 24 information packs have been (requested and) sent out by the advisors, Lazard Freres.
Over 20 firms have actually taken a look at what is on offer.
Out of these, it is expected that between 6 and 8 will actually bid.
These are Greek and Europeans firms and in all probability one US player.
For sure, Aegean Airlines will be one of the bidders (...and a strong one).
Who is the (probable) US one ? could be Chrysler Aviation, the charter company led by Greek/US Stelios Rapis, which was a previous bidder, but not sure.
Initial bids are due by Feb 9.
After the list has been issued in the very next days, the contenders will be invited to have a (good) look at the books. (Good luck guys !)
How many committed parties will remain after that ? my guess: 3 or 4.
One big uncertainty several months down the road is who will be liable for the fine that the EU will likely impose ? the airline of the Greek State ?
In any case, the (center-right) Greek government hopes to wrap-up the sell off by end of April.