Jetdeltamsy From United States of America, joined Nov 2000, 2984 posts, RR: 8 Reply 5, posted (7 years 7 months 6 days 12 hours ago) and read 15535 times:
I would imagine the new corporate entity will be staffed and managed by the same people who ran Olympic.
Worked for too many airlines to list. Banktupcy after bankruptcy after bankruptcy.
Lumberton From United States of America, joined Jul 2005, 4708 posts, RR: 21 Reply 8, posted (7 years 7 months 6 days 12 hours ago) and read 15465 times:
GodBless From Sweden, joined Apr 2000, 2751 posts, RR: 17 Reply 12, posted (7 years 7 months 6 days 11 hours ago) and read 15362 times:
There are just a few airlines that just don't want to die, even if that is the only logical thing they could do... Amongst them are AZ and OA.
So until we actually get to see that there is no more Olympic flights and the planes all being parked at ATH I won't believe any kind of death of this airline.
They simply just don't want to die...
PHLBOS From United States of America, joined Mar 2004, 7265 posts, RR: 24 Reply 17, posted (7 years 7 months 6 days 11 hours ago) and read 15109 times:
Quoting MD90fan (Reply 16): Who will acquire the 717's that is if there is any left
Hint: Think ATL.
Too bad, Olympic didn't have a large amount of them; maybe KLM could aquire them as a quick replacement for a few of their F100s.
"TransEastern! You'll feel like you've never left the ground because we treat you like dirt!" SNL Parady ad circa 1981
Nwafflyer From United States of America, joined Jul 2004, 1050 posts, RR: 2 Reply 22, posted (7 years 7 months 6 days 9 hours ago) and read 14687 times:
Is this the airline that Onassis used to own? As in Jackie's 2nd husband?
From the above website: According to information about the new air carrier:
It will be smaller than the current company.
Domestic and European flights will probably be reduced.
The fleet will be made up of approximately 30 planes (as opposed to 40 owned currently) Apart from the flight department, the new company will include the technical base and ground handling activities, which had been separated two years ago.
The number of employees will be reduced by approximately 50%. The extra staff will either depart through the voluntary redundancy scheme or be transferred to other public services.
It will start operating sometime between of 26 March and the beginning of April 2006.
The tickets that have already been sold are valid, while all the flights will be performed as normal. The new name will contain the term Olympic, with possible names being Olympic Air, Air Olympic or Olympic Aviation (in Greek). The 5-circle logo will be retained in all cases.
The new company will start from zero, with a new business plan, new administration, new capitals and new labour relations.
The public sector’s participation will be between 33% and 49%, while the majority of the capitals and the management will come from the private sector.
The European Union considers the plan for the new company compatible in principle.
The casual observer will never know the difference.
STARalliance24 From Canada, joined Jun 2005, 378 posts, RR: 2 Reply 24, posted (7 years 7 months 6 days 8 hours ago) and read 14386 times:
Quoting Stirling (Reply 23): From the above website:
According to information about the new air carrier:
It will be smaller than the current company.
Domestic and European flights will probably be reduced.
The fleet will be made up of approximately 30 planes (as opposed to 40 owned currently) Apart from the flight department, the new company will include the technical base and ground handling activities, which had been separated two years ago.
The number of employees will be reduced by approximately 50%. The extra staff will either depart through the voluntary redundancy scheme or be transferred to other public services.
It will start operating sometime between of 26 March and the beginning of April 2006.
The tickets that have already been sold are valid, while all the flights will be performed as normal.
The new name will contain the term Olympic, with possible names being Olympic Air, Air Olympic or Olympic Aviation (in Greek). The 5-circle logo will be retained in all cases.
The new company will start from zero, with a new business plan, new administration, new capitals and new labour relations.
The public sector’s participation will be between 33% and 49%, while the majority of the capitals and the management will come from the private sector.
The European Union considers the plan for the new company compatible in principle.
The casual observer will never know the difference.
Thanks for the info
25 Scotron11: I can see the same thing happening with AZ if they run into the same problems. After all the money is gone, where would they go then? Oh, no worries,
26 Abrelosojos: = I never quite understand the point of this ... Olympic Airways ... Olympic Airlines ... Olympic Air ... same people running it ... same business mo
27 MIAMIx707: I hope the new company retains the color scheme, or at least the logo. One the few GREAT LIVERIES of the world that hasn't been messed with and still
28 Sflaflight: Unfortunately, I agree. I think Alitalia might be next. But as is the case with Olympic, will it start up again with the same "friends" in mgmt? Peca
29 JoKeR: JAT should not be too far behind unfortunately...
30 Brilondon: I hope they keep the people who can run an airline, and get rid of those whose decisions ran the company into the ground.
31 BestWestern: So, for the second time in three years Olympic is being renamed... The same crap airline, flying the same clapped out aircraft, with the same churlish
32 F.pier: I don't think AZ vill ever cease oeprations. There are too many economic interests and politics are involved, so they'll find the way so save it and t
33 KLMCedric: You know, with the risk of sounding biased here, I think that Sabena's collapse was the most extravagant case of an airlines dead in Europe,even more
34 Hirnie: KLMCedric is right. Companies like Olympic and Alitalia are just burning money. I think the new "Olympic" will end up just like Swiss...more money to
35 StarGoldLHR: Same reason as why the EU moves all it's thousands of staff and documents from Brussels to Strasbourg once a month... it gives dodgy politicians a cha
36 EI321: Will they keep the A340s? EI might be interested in them.
37 Olympicbis: And why would it be impossible for a successor to Olympic based on private capital to succeed ? As far as Swiss is concerned, I would not call it was
38 AMSSpotter: The Fokkers still work well for KLM and they're not in a real hurry to replace them either.
39 JAGflyer: OA423/0424 (ATH-YUL-YYZ-YUL-ATH) show as operational today?
40 Aleksandar: It does seem inevitable, but have in mind how many "interested" parties are involved there. They talk about privatization, bankruptcy, job cuts, but
41 EI747SYDNEY: Well I hope they do a better job than last time........... Rob
42 Burnsie28: I guess im a little confused as to how Olympic died, and yet they are going to just re-create the airline and call it Athens, how is that suppose to c
43 EI747SYDNEY: Man they would look sweet in EI colours........ Rob
44 TIMEAIR: Well it's probably a good thing OA didn't fly to YVR, as I am sure the YVROAC (Vancouver Olympic Authority) would try to ban them from using the word
45 ORDagent: IMHO I always thought that OA liveries looked cheap and derivative of the Olympic Games logo. Kind of like the carrier's customer service etc.
46 Boo25: It is sad indeed and i feel sorry for all the staff involved But - Olympic has been given years to shape up , change its working practices and become
47 SWISSER: Sad news indeed... OA was a very good customer of our Catering unit where I work here in BRU and a true aviation icon, I will certainly miss them... I
48 Olympicbis: You hit the nail right in the head !
49 Kiwiandrew: sorry , could someone please explain to a dummy what EBIT is ?
50 IRelayer: I think "SN Athens Airlines" would sound better. -IR
51 MotorHussy: EBIT Earnings Before Interest and Tax. Basically, it's your gross income. Regards MH
52 MotorHussy: What about HELLENIC? I like it; not too obvious and with a very Grecian connotation. Regards MH
53 Kiwiandrew: ta muchly - I knew that I should know it - but at the moment I am full of the 'flu and unable to to get more than three brain cells to work together
54 MotorHussy: Weather in WLG this morning at 08:10hrs is cloudless, slight nor-wester and currently 16 degrees centigrade. Expected high of 22 this fine spring day
55 MrMcCoy: This is the one instance where I would support a similar theory to Darwin's natural selection.. modified for the airline industry, naturally.
56 Slider: I agree with both of you- this dance has gone on long enough. You know that line about putting perfume on a pig? Exactly.
57 LINATHJNX: Hello Is there any Greek A.netter friend who can tell us something more precise about OA now? I'm trying to find something on the online greek press b
58 Orion737: Im glad to see the Olympic name and livery will be retained. I would hate to see a Greece without a national carrier. I also hope that links to Europe
59 Olympus69: Somebody needs to learn how to count. The logo has 6 rings.
60 Lewis: Unfortunately I am not in Greece at the moment so I haven't been following the greek press. Its still political talk. When something actually gets de
61 Olympic707: Crap airline, clapped aircraft, churlish crew? You don't know what you are talking about. OA is one of the safest airline in the world, with world cl
62 Stirling: ...they have it confused with the Olympic games logo, (from where its derived) which has 5 rings; one for each continent; OA; same plus one for Greec
63 Olympic707: The word "OLYMPIC," and the Olympic rings are Greek. The Olympic games originated in Greece. OA has nothing to worry about. Yanni
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We'll miss "Olympic circles"
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