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Hellas Jet About To Cease Operations  
User currently offlineSXFAN From Greece, joined Jan 2004, 371 posts, RR: 13
Posted (9 years 4 months 2 weeks 1 day 19 hours ago) and read 3606 times:

It was published yesterday by the Greek newspaper eleftherotypia http://www.enet.gr that the Greek branch of Cyprus Airways called Hellas Jet will cease its operations during May because of heavy losses (approx. 60 M Euros) after only two years of operations. The airline was flying from its Athens base to LHR, LGW, CDG, BRU & MAN.
Some days ago the Cypriot minister of transportation Mr. Ch. Thrasou had told that they had been searching for a buyer or the company would go under and yesterday the Cypriot minister of commerce Mr. G. Lillikas announced that a decision for a controlled cease of operation was decided.
So goodbye to the only three registered in Greece, A320 aircrafts.

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[Edited 2005-04-11 16:00:18]

[Edited 2005-04-11 16:01:36]

9 replies: All unread, jump to last
 
User currently offlineDtwclipper From , joined Dec 1969, posts, RR:
Reply 1, posted (9 years 4 months 2 weeks 1 day 19 hours ago) and read 3575 times:

Quoting SXFAN (Thread starter):
seize its operations

Seize operations from whom?

Cease operations would be the correct word


User currently offlineSXFAN From Greece, joined Jan 2004, 371 posts, RR: 13
Reply 2, posted (9 years 4 months 2 weeks 1 day 19 hours ago) and read 3548 times:

Sorry my bad  Embarrassment I changed the wrong words.

User currently offlineOrion737 From , joined Dec 1969, posts, RR:
Reply 3, posted (9 years 4 months 2 weeks 1 day 19 hours ago) and read 3518 times:

Im pleased in a way. I dont want to loose Olympic so the less competition on Greek routes the better.

User currently offlineOlympicbis From , joined Dec 1969, posts, RR:
Reply 4, posted (9 years 4 months 2 weeks 1 day 15 hours ago) and read 3425 times:

Come on Olympic,

Upgrade your fleet, retrain some of your FA's, bring in a new scheme / corporate ID, team up with some alliance...
To stay objective, this is too bad for Hellas Jet, as they were even delivering a pretty good inflight service. Even SN trusted them and code-shared on the BRU-ATH route. Now what is SN going to do there ? Take one more A319 and operate at lest two daily flights ( what I would do ) or code-share with OA ?


User currently offlineMhodgson From United Kingdom, joined Dec 2002, 5047 posts, RR: 25
Reply 5, posted (9 years 4 months 2 weeks 1 day 12 hours ago) and read 3309 times:

Shame, they'd just increased frquency to MAN - gave an impression of success!

Quoting Orion737 (Reply 3):
I dont want to loose Olympic so the less competition on Greek routes the better.

Olympic would be long gone were it not for the Greek governments intervention! They need competition to remain competetive on fares and service



No trees were harmed by this message. However, several million electrons were terribly inconvenienced
User currently offlineElagabal From United Kingdom, joined Mar 2005, 201 posts, RR: 0
Reply 6, posted (9 years 4 months 2 weeks 1 day 10 hours ago) and read 3264 times:

Quoting Mhodgson (Reply 5):
Olympic would be long gone were it not for the Greek governments intervention! They need competition to remain competetive on fares and service

Bullseye. It won't be long now (mid-May?) until the EU's latest response to the Greek government, regarding their (Athens's) timeliness and completeness in returning illegal state aid. (Yes, it was determined to be illegal - not just queried, as is the case currently with a certain other heavily-subsidized European carrier.) Should make interesting reading at the very least.

If the EC demands that some more funds need to be garnished from OA, HellasJet may not be the only ones with their days numbered.

Anyone for booking on Aegean?


User currently offlineDBCooper From Brazil, joined Jun 2004, 194 posts, RR: 0
Reply 7, posted (9 years 4 months 2 weeks 1 day 7 hours ago) and read 3226 times:

I flew T4 ATH->LHR about a year ago. A very nice, on-time product. Too bad they couldn't make a go of it. One problem they had was an inability to feed themselves at ATH...all traffic was essentially point-to-point with the exception of the SNBrussels codeshare which offered some connecting synergies at BRU.

So - what will happen to their slots at LHR, CDG, etc? Will CY pick these up or will they go back into the "pool"?

And - what will happen to their aircraft? 2 new 320s and 1 used. From what I have been reading about CY, they will not be picking these up (aren't they unloading aircraft?). Returned to lessors?

Good luck to all Hellas Jet employees.


- DBC


User currently offlineLaxintl From United States of America, joined May 2000, 25082 posts, RR: 46
Reply 8, posted (9 years 4 months 2 weeks 1 day 7 hours ago) and read 3204 times:

Its actually sad to see this carrier fail. Hellas provided a decent product and was a refreshing alternative to pathetic Olympic.

Hopefully Aegean Airlines will continue to thrive especially now with its recent agreement with Lufthansa.



From the desert to the sea, to all of Southern California
User currently offlineTrintocan From United Kingdom, joined Apr 2000, 3237 posts, RR: 4
Reply 9, posted (9 years 4 months 2 weeks 14 hours ago) and read 3078 times:

This is a sad story, it seems that airlines the world over are suffering greatly. The story of Greece parallels that of the Caribbean, namely of State run carriers needing massive subsidies to stay afloat and limited success of private sector operators. As for those 3 A320s of Hellas, maybe CY may take them on-board as it has been standing down some of its own Airbuses (including the one which will soon be scrapped in Opa Locka).

TrintoCan.



Hop to it, fly for life!
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