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OA Finally Out Of Greek Gov Control  
User currently offline1821 From Greece, joined Jul 2007, 271 posts, RR: 0
Posted (5 years 7 months 2 weeks 15 hours ago) and read 3318 times:

Just heard news that the Gov of Greece is to relinquish control and ownership of OA and hand it over to private investors. I just briefly heard the news in Greek so i'm translating it into english for all of you hear. The plans are to first find a buyer for OA. ( 2 ) a complete and utter fleet re-newel more likely a 738 fleet for short to medium haul , and possibly a 77w fleet for long haul ( although highly unlikely ) . Domestic routes will be cut , I'll post them once i hear what they are and some international routes to be cut as well. Well i say about time this happens. My gov can do a great many things but run an airline well that's a different matter altogether.


734 , 737 , 738 , 742 , 744 , 757 , 767 , A320 , AVRO RJ 100 , ATR 72 . ATH , ZTH , RHO , EFL , LHR , MAN , DUB , AMS ,
33 replies: All unread, showing first 25:
 
User currently onlineSXDFC From United States of America, joined Dec 2007, 2226 posts, RR: 19
Reply 1, posted (5 years 7 months 2 weeks 12 hours ago) and read 3255 times:

So the long haul routes - i.e JFK are going to stay right?


ALL views, opinions expressed are mine ONLY and are NOT representative of those shared by Southwest Airlines Co.
User currently offlineMayor From United States of America, joined Mar 2008, 9961 posts, RR: 14
Reply 2, posted (5 years 7 months 2 weeks 12 hours ago) and read 3251 times:



Quoting 1821 (Thread starter):
Just heard news that the Gov of Greece is to relinquish control and ownership of OA and hand it over to private investors. I just briefly heard the news in Greek so i'm translating it into english for all of you hear. The plans are to first find a buyer for OA. ( 2 ) a complete and utter fleet re-newel more likely a 738 fleet for short to medium haul , and possibly a 77w fleet for long haul ( although highly unlikely ) . Domestic routes will be cut , I'll post them once i hear what they are and some international routes to be cut as well. Well i say about time this happens. My gov can do a great many things but run an airline well that's a different matter altogether.

Wasn't this tried several years ago, with the gov't. trying to find a buyer for OA and failing?



"A committee is a group of the unprepared, appointed by the unwilling, to do the unnecessary"----Fred Allen
User currently offlineATLflyer323 From United States of America, joined Jan 2005, 613 posts, RR: 0
Reply 3, posted (5 years 7 months 2 weeks 12 hours ago) and read 3232 times:

I wish OA would pick up those 16 717's from Boeing. They operated them in the past, and I believe they have 16 or so 737's right now in the fleet. I don't know if the 717's could handle all the flights the 737's could, but that is just my dream...

~Brandon



Everyday, the fluffy temptation of wheat!
User currently offlineHeathrow From United Kingdom, joined Sep 2005, 967 posts, RR: 0
Reply 4, posted (5 years 7 months 2 weeks 12 hours ago) and read 3219 times:

well, I can see a lot of longhaul routes being cut. YYZ for sure. Shorthaul routes being cut? Does that mean reduced services? I know currently, they have quite a few flights a day to SKG, and when you combine that with the flights with A3, there's almost too many. I wish OA the best.

User currently offlineFlyingcat From United States of America, joined May 2007, 527 posts, RR: 0
Reply 5, posted (5 years 7 months 2 weeks 11 hours ago) and read 3190 times:



Quoting 1821 (Thread starter):
The plans are to first find a buyer for OA. ( 2 ) a complete and utter fleet re-newel more likely a 738 fleet for short to medium haul , and possibly a 77w fleet for long haul ( although highly unlikely ) .

If they sell OA how can they be sure the new buyers will renew the fleet.

Like AZ, whether it will truly be sold is still up in the air. The new OA could just be the politician's banker friends who will be the face but still let political policy make the decisions.


User currently offline1821 From Greece, joined Jul 2007, 271 posts, RR: 0
Reply 6, posted (5 years 7 months 2 weeks 11 hours ago) and read 3174 times:



Quoting Flyingcat (Reply 5):

No friends what so ever as i beleive. Apparently , i'll post more updates when i hear them , the Greek gov may approach LH to buy out OA although i can not see this happening until the next millenium. As for domestic routs they will keep ATH - SKG , ATH - RHO and ATH - CFU ( sorry i have no more info ) . As for internatianl YYZ is gone along with some possible German destinations. They will however keep JFK.

And this is no gimic either this is actually happening after so many years of talk and no action



734 , 737 , 738 , 742 , 744 , 757 , 767 , A320 , AVRO RJ 100 , ATR 72 . ATH , ZTH , RHO , EFL , LHR , MAN , DUB , AMS ,
User currently offlineBa777-236 From Canada, joined Oct 2001, 673 posts, RR: 5
Reply 7, posted (5 years 7 months 2 weeks 11 hours ago) and read 3159 times:

Can I ask why YYZ being cut is such a sure-thing? Is it a poor performing route for the airline?


I like British Airways! I'm not sure why, but I do! ;-)
User currently offlineBabybus From , joined Dec 1969, posts, RR:
Reply 8, posted (5 years 7 months 2 weeks 11 hours ago) and read 3157 times:

I thought OA is run like a middle eastern airline, three people per one job, you can't become a pilot unless you have connections or know someone, and a massive beauracracy to soak up unemployment.

They tried selling it off a few years ago but the terms of the contract were that no one in their right minds would touch it. Basically it was for sale but not really for sale.


User currently offlineJoKeR From Serbia, joined Nov 2004, 2226 posts, RR: 9
Reply 9, posted (5 years 7 months 2 weeks 9 hours ago) and read 3107 times:



Quoting 1821 (Reply 6):
As for internatianl YYZ is gone along with some possible German destinations. They will however keep JFK.

What about JNB? Do they still fly there?



Kafa, čaj, šraf?
User currently offlineFlyyul From Italy, joined Jun 2000, 4952 posts, RR: 51
Reply 10, posted (5 years 7 months 2 weeks 9 hours ago) and read 3105 times:

Is this speculation about YUL/YYZ being cut?

This is a big route for OA, especially in summer time when fares go above$1600-1700 r/t.


User currently offlineOa260 From Ireland, joined Nov 2006, 26495 posts, RR: 58
Reply 11, posted (5 years 7 months 2 weeks 7 hours ago) and read 2998 times:

Guys guys dont get excited. This was just a media report full of speculation and nothing has changed and nothing is confirmed. No one has made any fleet decisions and as you are all aware this would have to be authorised by any propsed buyer of the carrier. I have made a few phone calls this morning and the only confirmed news from OA is as follows ::

Due to high oil prices and current climate OA making changes to flights and schedules. Cutting back on non profitable flights. Making best use of the fleet and offering a better service on routes where required.

SKG-LGW-SKG is to be suspended and the twice daily ATH-FRA-ATH is to be reduced to 1 daily. Annual loss on the SKG-LGW-SKG route was 3.6 Million Euro and the FRA route was around 9.6 million Euro.

Routes that are being looked at with regards to frequency::

ATH-MUC-ATH annual losses were 3.5 Million Euro.

ATH-STR-ATH annual loss on this route was 3 million Euro.

ATH-DXB-KWI-ATH being monitored and the annual loss was 6 Million Euro.

All other schedules stay the same and only these above high loss making routes are affected. Also Olympic Airlines has announced that they are actively seeking more codeshares and co operation on various routes.



AEGEAN-OLYMPIC AIR - ΟΛΥΜΠΙΑΚΗ " μέλος στη Star Alliance
User currently offline1821 From Greece, joined Jul 2007, 271 posts, RR: 0
Reply 12, posted (5 years 7 months 2 weeks 4 hours ago) and read 2908 times:



Quoting Oa260 (Reply 11):

Ela megale this was coming direct from Karamanli's mouth as my father was watching the news here in SYD on ANT1.  Smile



734 , 737 , 738 , 742 , 744 , 757 , 767 , A320 , AVRO RJ 100 , ATR 72 . ATH , ZTH , RHO , EFL , LHR , MAN , DUB , AMS ,
User currently offlineOa260 From Ireland, joined Nov 2006, 26495 posts, RR: 58
Reply 13, posted (5 years 7 months 2 weeks 3 hours ago) and read 2845 times:



Quoting 1821 (Reply 12):
Ela megale this was coming direct from Karamanli's mouth as my father was watching the news here in SYD on ANT1.  

So he said that OA were going to buy 738's and 77W's? I dont know what version of ANT1 you get but we get another one.

The only thing that Karamanlis said last night in Thessaloniki was that by December OA would close in its current form the objective is to re open keeping the Logo and name the same. Connections to the Islands would be guranteed!!

Sorry only in Greek but I have taken the main points with regards Olympic.

Τέλος για Ολυμπιακή μέχρι τον Δεκέμβριο

Των ΔΗΜ. ΤΣΙΟΔΡΑ, ΔΗΜΗΤΡΑΣ ΚΑΔΔΑ


Μίλησε και για την Ολυμπιακή, η οποία με τη σημερινή της μορφή θα παψει να υφίσταται. «Στόχος είναι μια άλλη εύρωστη και ανταγωνιστική εταιρεία, που να έχει το ίδιο σήμα και όνομα», είπε και ανακοίνωσε τρείς άξονες: Μετατάξεις και πρόγραμμα εθελούσιας εξόδου, διασφάλιση των συνδέσεων με τα νησιά, αποκλεισμό ιδιωτικού μονοπωλίου. Οι πληροφορίες λένε ότι ως το τέλος του χρόνου θα έχουν δρομολογηθεί οι διαδικασίες ιδιωτικοποίησης.

http://www.enet.gr/online/online_tex...1700136,60148008,67919528,90115496



AEGEAN-OLYMPIC AIR - ΟΛΥΜΠΙΑΚΗ " μέλος στη Star Alliance
User currently offlineMayor From United States of America, joined Mar 2008, 9961 posts, RR: 14
Reply 14, posted (5 years 7 months 2 weeks 2 hours ago) and read 2785 times:

Quoting Oa260 (Reply 13):

I agree. I can't find anything in this article

http://www.taiwannews.com.tw/etn/new..._img=logo_world&cate_rss=WORLD_eng

that states anything about a sale.

[Edited 2008-09-07 06:59:00]


"A committee is a group of the unprepared, appointed by the unwilling, to do the unnecessary"----Fred Allen
User currently onlineSXDFC From United States of America, joined Dec 2007, 2226 posts, RR: 19
Reply 15, posted (5 years 7 months 2 weeks 1 hour ago) and read 2721 times:

Lets hope who ever buys OA cleans them up to be a profitable airline. I also hope that we still see those OA rings for many many many more years to come!


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Photo © Eric Fortin - AirTeamImages




ALL views, opinions expressed are mine ONLY and are NOT representative of those shared by Southwest Airlines Co.
User currently offline1821 From Greece, joined Jul 2007, 271 posts, RR: 0
Reply 16, posted (5 years 7 months 1 week 6 days 15 hours ago) and read 2551 times:



Quoting Oa260 (Reply 13):

No no Karamanlis didn't obviously say anything about 738's or 77W'S . I was looking a while back at the boeing order sheet and noticed that OA cancelled an order for 738's so maybe the new investors or owners may re-order the "cancelled " order - if that makes sense.

I mentoined the 77W'S for the simple reason on the ATH - JFK - ATH run the 77W will offer much better performance , range and hence profits than the A343 will.



734 , 737 , 738 , 742 , 744 , 757 , 767 , A320 , AVRO RJ 100 , ATR 72 . ATH , ZTH , RHO , EFL , LHR , MAN , DUB , AMS ,
User currently offlineSergioAEE From Greece, joined Jun 2006, 45 posts, RR: 0
Reply 17, posted (5 years 7 months 1 week 6 days 7 hours ago) and read 2464 times:

Guys none of what your saying has been said and NONE of it will happen. In order for olympic to become a private company and be legal it must change name. What will happen is that a goverment supported company (until now government supported) called Pantheon will takeover Olympic and the government will actually sell it to Pantheon at a very small price. Then Pantheon will takeover the Olympic airlines/airways (keep getting confused on whats its actually called) and re-name it i.e Olympic Pantheon. Since the governement will actually pass the airlines to pantheon, the price tag that an investor will have to pay will be small, so it will be easy to find a buyer. Olympic handling and catering will become two separate companies, that will have absolutely nothing to do with the new airline. Basically the exact same thing that Alitalia said they are going to do.

The new airline will DEFINATELY keep the greek island routes, and especially the ones that are subsidised for community reasons, and will keep the profitable domestic routes, and VERY few European routes, once again profitable ones. Long haul will not exist, and they actually said that the airline will adopt some low-cost carrier "tactics".

This is exactly what the news said, coming from OA management themselves, and from the minister of transport. And this is exactly what all the "sane" OA managers know will happen. Also anyone who has more than 6000 contribution points to pention, OR more than 20 years of service in the airline will be given the right to retire or be relocated to another public transport company.


SergioAEE


User currently offlineOa260 From Ireland, joined Nov 2006, 26495 posts, RR: 58
Reply 18, posted (5 years 7 months 1 week 6 days 7 hours ago) and read 2461 times:



Quoting SergioAEE (Reply 17):
The new airline will DEFINATELY keep the greek island routes, and especially the ones that are subsidised for community reasons, and will keep the profitable domestic routes, and VERY few European routes, once again profitable ones. Long haul will not exist, and they actually said that the airline will adopt some low-cost carrier "tactics".

Correct. Also it is expected that LHR will remain as a flagship route .



AEGEAN-OLYMPIC AIR - ΟΛΥΜΠΙΑΚΗ " μέλος στη Star Alliance
User currently offline1821 From Greece, joined Jul 2007, 271 posts, RR: 0
Reply 19, posted (5 years 7 months 1 week 6 days 7 hours ago) and read 2430 times:

One thing i need to say before i get started is here in SYD we get an edited version of ANT1 wich is actually called ANT1 Pacific , so the certain info may of been omitted.

Quoting Oa260 (Reply 18):
Correct. Also it is expected that LHR will remain as a flagship route

Does this mean that the ATH - JFK - ATH run will still exist?



734 , 737 , 738 , 742 , 744 , 757 , 767 , A320 , AVRO RJ 100 , ATR 72 . ATH , ZTH , RHO , EFL , LHR , MAN , DUB , AMS ,
User currently offlineSergioAEE From Greece, joined Jun 2006, 45 posts, RR: 0
Reply 20, posted (5 years 7 months 1 week 6 days 7 hours ago) and read 2417 times:



Quoting Oa260 (Reply 18):
Correct. Also it is expected that LHR will remain as a flagship route

Correct, and im guessing FRA will as well. LCA will also definately stay on as it is one of OA's most profitable routes, if not THE most.

You can forget the B738's and B77W's in my opinion. From what i've heard, Aerospatiale is pushing for OA to replace the ATR's they have with the new 600 series. OA is one of the biggest ATR operators in the world, and have one of the most experienced pilots in the world on the ATR (we're talking F/O's with 15,000 hrs on type!!!). For the rest of the fleet, it would be smart of them to adopt a single fleet philosophy and take these LCC's, that they SO MUCH hate, as a good example......

SergioAEE


User currently offlineOA260 From Ireland, joined Nov 2006, 26495 posts, RR: 58
Reply 21, posted (5 years 7 months 1 week 6 days 6 hours ago) and read 2374 times:



Quoting SergioAEE (Reply 20):
it would be smart of them to adopt a single fleet philosophy and take these LCC's, that they SO MUCH hate, as a good example......

Very true. I would think that A330's to replace the A340's and E175 or E190 for intra Balkan/EU routes and some domestics. It would be more fuel efficient. If no Ejets then the A320 series would make sense.

Quoting SergioAEE (Reply 20):
LCA will also definately stay on as it is one of OA's most profitable routes, if not THE most.

True and it is a vital link for various reasons. FRA is also important and also I did hear JFK would remain but I guess nothing is 100% but I hope they keep it. This is the last chance so they had better get it right.



AEGEAN-OLYMPIC AIR - ΟΛΥΜΠΙΑΚΗ " μέλος στη Star Alliance
User currently offlineSergioAEE From Greece, joined Jun 2006, 45 posts, RR: 0
Reply 22, posted (5 years 7 months 1 week 6 days 5 hours ago) and read 2355 times:



Quoting OA260 (Reply 21):
This is the last chance so they had better get it right.

Olympic is a dynasty... and most people who know about aviation history know this. It is simply a shame to see it go wrong again. If someone parts you the red sea, you dont tinkle on the sand... If this whole privatisation is done right it will not only benefit the airline itself and the greek public, but the entire greek aviation industry will open up and we might see other carriers coming in to compete. Healthy competition has been proven to be helpfull to many airlines!

Quoting OA260 (Reply 21):
I would think that A330's to replace the A340's and E175 or E190 for intra Balkan/EU routes and some domestics.

I REALLY hope they look at the E-jets! Incredibly fuel efficient aircraft, with very good passenger kilometers and very low fuel cost per-seat.

SergioAEE


User currently offlineOA260 From Ireland, joined Nov 2006, 26495 posts, RR: 58
Reply 23, posted (5 years 7 months 1 week 6 days 5 hours ago) and read 2342 times:



Quoting SergioAEE (Reply 22):
If someone parts you the red sea, you dont tinkle on the sand.

Very true .

Quoting SergioAEE (Reply 22):
I REALLY hope they look at the E-jets! Incredibly fuel efficient aircraft, with very good passenger kilometers and very low fuel cost per-seat.

Me also they are lovely A/C . I have flown on them with BE and LO . I used to love DUB-WAW-ATH all on the E jets. Shame its gone now from DUB.



AEGEAN-OLYMPIC AIR - ΟΛΥΜΠΙΑΚΗ " μέλος στη Star Alliance
User currently offline1821 From Greece, joined Jul 2007, 271 posts, RR: 0
Reply 24, posted (5 years 7 months 1 week 6 days 5 hours ago) and read 2331 times:

E-jets will be very cool indeed. Once , if ever , an airport is to be constructed near Gargalliani in Greece ( actually Messinia ) the E-jet will be absolutely perfect.( By the way the airport was proposed to be built between Marathos and Gargaliani - just a little inside info  Wink )


734 , 737 , 738 , 742 , 744 , 757 , 767 , A320 , AVRO RJ 100 , ATR 72 . ATH , ZTH , RHO , EFL , LHR , MAN , DUB , AMS ,
25 Adriaticflight : What will happen to some of the domestic routes that are not so 'vital' ie...mainland greece Ionannia? Kastoria? Kozani? Kavala? probably all be scrap
26 SergioAEE : This has been heard many many times, and especially in the last couple of months, after a popular Greek aviation magazine wrote an article on it as w
27 FRACO7X : Sorry guys but I´m sick and tiered of all the stories about OA. Greece already has a very good and successful airline. Aegean Airlines. So who needs
28 Oa260 : Well the moves being made now are to un burden the Greek tax payer so hopefully it will be a success. Like I said if this fails then its time to shut
29 Mayor : This quote from your Prime Minister in the article I mentioned in reply #14 seems to refute that.... " The Greek prime minister on Saturday vowed to
30 VictorKilo : LH may be on a buying spree, but unlike SN, OA doesn't fly to any destination outside of Greece that isn't already served by LH, LH/LX already serve
31 Gorgos : I dont mind having two airlines, though I prefer Aegean any day of the week. Aegean keeps expanding, and I like it. Does anybody know if there are an
32 Oa260 : Dont think they would due to their links with A3. No plans for longhaul at all.
33 LAXintl : The saga of Olympic. After Alitalia, Europes second most entertaining airline drama. Couple random thoughts, not necessarily connected; 1) OA since th
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