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Olympic Airlines Is Dead!  
User currently offlineSTARalliance24 From Canada, joined Jun 2005, 378 posts, RR: 2
Posted (8 years 8 months 2 weeks 5 days 14 hours ago) and read 16423 times:

Olympic Airlines is gone and has been replaced by ATHENS!

http://www.redorbit.com/news/technol...any/index.html?source=r_technology

Very sad because this company used to fly to YUL and now......THERE GONE!  cry 


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63 replies: All unread, showing first 25:
 
User currently offlineAmy From United Kingdom, joined Feb 2005, 1150 posts, RR: 7
Reply 1, posted (8 years 8 months 2 weeks 5 days 13 hours ago) and read 16347 times:

Wow! I wasn't expecting that?

Now there are all kinds of questions:

Will 'ATHENS' take up some or all of Olympic's fleet?

Will the route structure remain similar?

What kind of fafre structure will the new airline have?

Will the new airline be making orders?


Of course it's far too early to answer any of these.... but your thoughts?



A340-300 - slow, but awesome!
User currently offlineBabybus From , joined Dec 1969, posts, RR:
Reply 2, posted (8 years 8 months 2 weeks 5 days 13 hours ago) and read 16338 times:

It was obviously in a bad way so better that it passes away.

When I read through the privatization proposals 5 years ago they weren't anything a private investor would take seriously.

The name "Athens" has a ring to it. Might be good.


User currently offlineAmy From United Kingdom, joined Feb 2005, 1150 posts, RR: 7
Reply 3, posted (8 years 8 months 2 weeks 5 days 13 hours ago) and read 16314 times:

Quoting Babybus (Reply 2):

The name "Athens" has a ring to it. Might be good.

You think? What if BA were renamed 'London'?



A340-300 - slow, but awesome!
User currently offlineBMIFlyer From UK - England, joined Feb 2004, 8810 posts, RR: 58
Reply 4, posted (8 years 8 months 2 weeks 5 days 13 hours ago) and read 16312 times:

Well, the website still works, but it wont let me book a ticket so maybe its true  Sad

http://www.olympic-airways.com/


Lee



Sometimes You Can't Make It On Your Own
User currently offlineJetdeltamsy From United States of America, joined Nov 2000, 2987 posts, RR: 8
Reply 5, posted (8 years 8 months 2 weeks 5 days 13 hours ago) and read 16300 times:

I would imagine the new corporate entity will be staffed and managed by the same people who ran Olympic.


Tired of airline bankruptcies....EA/PA/TW and finally DL.
User currently offlineDogfighter2111 From United Kingdom, joined Nov 2004, 1968 posts, RR: 1
Reply 6, posted (8 years 8 months 2 weeks 5 days 13 hours ago) and read 16278 times:

Well, Olympic are still allowing you to book via their website and there is no News on their website yet.

Somehow i'd think they'd stop booking if this was going to happen, no?

And Amy, i think all of what you listed are OA's problems so why create a new airline to do the same as OA?

Thanks
Mike


User currently onlineKL808 From United States of America, joined May 1999, 1584 posts, RR: 2
Reply 7, posted (8 years 8 months 2 weeks 5 days 13 hours ago) and read 16262 times:

sad indeed.

RIP together with Sabena and Swissair

Drew



AMS-LAX-MNL
User currently offlineLumberton From United States of America, joined Jul 2005, 4708 posts, RR: 20
Reply 8, posted (8 years 8 months 2 weeks 5 days 13 hours ago) and read 16230 times:

Quoting Jetdeltamsy (Reply 5):
by the same people who ran Olympic.

Let me finish the statement for you: ...into the ground.



"When all is said and done, more will be said than done".
User currently offlineSabena332 From , joined Dec 1969, posts, RR:
Reply 9, posted (8 years 8 months 2 weeks 5 days 13 hours ago) and read 16195 times:

Damn, very, very sad.  Sad

Patrick


User currently offlineBritair From United Kingdom, joined Aug 1999, 933 posts, RR: 16
Reply 10, posted (8 years 8 months 2 weeks 5 days 13 hours ago) and read 16137 times:

I think you'll find "ATHENS" is where the press statement was released from, not the name of the new airline.

 Smile Cheers


User currently offlineAleksandar From Serbia, joined Jul 2000, 3236 posts, RR: 32
Reply 11, posted (8 years 8 months 2 weeks 5 days 13 hours ago) and read 16136 times:

Although it was expected, I feel really sad  cry  . If, by some chance, Aristotle Onassis is alive today, he would have died from sadness today.

R.I.P. Olympic  tombstone  We'll miss "Olympic circles"



R-E-S-P-E-C-T
User currently offlineGodBless From Sweden, joined Apr 2000, 2752 posts, RR: 16
Reply 12, posted (8 years 8 months 2 weeks 5 days 13 hours ago) and read 16127 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...


User currently offlineBabybus From , joined Dec 1969, posts, RR:
Reply 13, posted (8 years 8 months 2 weeks 5 days 13 hours ago) and read 16043 times:

Quoting Amy (Reply 3):
You think? What if BA were renamed 'London'?

Yeah, that might be nice too.  Wink

Since BA concentrates all its efforts on London, you might as well call a spade a spade.

I too will miss Olympics colour scheme. It was one of the best.


User currently offlineBAxMAN From St. Helena, joined May 2004, 671 posts, RR: 2
Reply 14, posted (8 years 8 months 2 weeks 5 days 13 hours ago) and read 15999 times:

Quoting Britair (Reply 10):
I think you'll find "ATHENS" is where the press statement was released from, not the name of the new airline

I think this needs emphasising again.



I need to get laid
User currently offlineLeelaw From , joined Dec 1969, posts, RR:
Reply 15, posted (8 years 8 months 2 weeks 5 days 13 hours ago) and read 15929 times:

Here's an article in English from a Greek publication:

http://www.ekathimerini.com/4dcgi/_w...s_politics_100002_16/11/2005_63073


User currently offlineMD90fan From Bahamas, joined Jul 2005, 2931 posts, RR: 7
Reply 16, posted (8 years 8 months 2 weeks 5 days 13 hours ago) and read 15907 times:

Who will acquire the 717's that is if there is any left  Smile


http://www.devanwells.blogspot.com/
User currently offlinePHLBOS From United States of America, joined Mar 2004, 7511 posts, RR: 24
Reply 17, posted (8 years 8 months 2 weeks 5 days 13 hours ago) and read 15874 times:

Quoting MD90fan (Reply 16):
Who will acquire the 717's that is if there is any left

Hint: Think ATL.  wink 

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
User currently offlineRJNUT From United States of America, joined Dec 1999, 1217 posts, RR: 0
Reply 18, posted (8 years 8 months 2 weeks 5 days 12 hours ago) and read 15790 times:

they should rename themsleves OAAthens, a la Sabena!!!!

User currently offlineVatveng From United States of America, joined Jan 2004, 954 posts, RR: 1
Reply 19, posted (8 years 8 months 2 weeks 5 days 12 hours ago) and read 15609 times:

Quoting MD90fan (Reply 16):
Who will acquire the 717's that is if there is any left

Any 717 left unattended for too long tends to sprout a teal tail and fly itself to Atlanta.



Visited VA,NC,PA,SC,FL,GA,OH,AL,TX,TN,CO,CA,UT,NV,NM,IN,KY,MD,MO,CT,MA,NH,ME.
User currently offlineMika10021 From Greece, joined Jul 2004, 122 posts, RR: 0
Reply 20, posted (8 years 8 months 2 weeks 5 days 12 hours ago) and read 15580 times:

The new airline will be called Olympic Air not Athens.

User currently offlinePA110 From United States of America, joined Dec 2003, 1995 posts, RR: 23
Reply 21, posted (8 years 8 months 2 weeks 5 days 11 hours ago) and read 15523 times:
Support Airliners.net - become a First Class Member!

Can Alitalia be too far behind?


It's been swell, but the swelling has gone down.
User currently offlineNwafflyer From United States of America, joined Jul 2004, 1050 posts, RR: 2
Reply 22, posted (8 years 8 months 2 weeks 5 days 11 hours ago) and read 15452 times:

Is this the airline that Onassis used to own? As in Jackie's 2nd husband?

User currently offlineStirling From Italy, joined Jun 2004, 3943 posts, RR: 21
Reply 23, posted (8 years 8 months 2 weeks 5 days 11 hours ago) and read 15320 times:

ERT.gr NEWS

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.



Delete this User
User currently offlineSTARalliance24 From Canada, joined Jun 2005, 378 posts, RR: 2
Reply 24, posted (8 years 8 months 2 weeks 5 days 10 hours ago) and read 15151 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
 Smile


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 Post contains images 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 Post contains images 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 Post contains images 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 Post contains images 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 Post contains images Olympicbis : You hit the nail right in the head !
49 Kiwiandrew : sorry , could someone please explain to a dummy what EBIT is ?
50 Post contains images 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 Post contains images 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 Post contains images 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 Post contains images 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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