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Status Of Olympic's A340?  
User currently offlineJAL From Canada, joined Apr 2000, 5078 posts, RR: 8
Posted (4 years 1 month 6 days 15 hours ago) and read 5520 times:

Does anyone know what happened to Olympic's fleet of A340s? Will they restart long haul flights?


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14 replies: All unread, jump to last
 
User currently offlineBasilFawlty From Netherlands, joined Jun 2009, 1301 posts, RR: 1
Reply 1, posted (4 years 1 month 6 days 14 hours ago) and read 5523 times:

All 4 are still parked at ATH.


'Every year donkeys and mules kill more people than plane crashes'
User currently offlinejfk777 From United States of America, joined Aug 2006, 8091 posts, RR: 7
Reply 2, posted (4 years 1 month 6 days 11 hours ago) and read 5113 times:
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why haven't they been reposseded, is there a chapter 11 type bankruptcy going on ? Is the greek government involved ?

User currently offlineTofen From Sweden, joined Feb 2009, 50 posts, RR: 0
Reply 3, posted (4 years 1 month 6 days 11 hours ago) and read 5092 times:

Quoting jfk777 (Reply 2):
why haven't they been reposseded, is there a chapter 11 type bankruptcy going on ? Is the greek government involved ?

Yepp, the Greek government owns (owned?) the frames. They where never OAs and wasn't a part of the deal with MIG.
If they aren't already sold to someone else, it should be a good idea to do so soon. The Greek government needs all extra money they can get.


User currently offlineYULWinterSkies From United States of America, joined Jun 2005, 2169 posts, RR: 5
Reply 4, posted (4 years 1 month 6 days 11 hours ago) and read 5047 times:

Quoting BasilFawlty (Reply 1):
All 4 are still parked at ATH.
Quoting Tofen (Reply 3):
If they aren't already sold to someone else, it should be a good idea to do so soon. The Greek government needs all extra money they can get.

Not that i am assuming that they are in bad shape, but first they will need a thorough inspection so that a resale value can be estimated. No idea how long that might take and when the aircraft would be ready for pick-up, but i assume it could be a matter of weeks if demand is pressing.
But it could simply be financially better to keep them stored for now and sell them when the economy is better.



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User currently offlinejfk777 From United States of America, joined Aug 2006, 8091 posts, RR: 7
Reply 5, posted (4 years 1 month 6 days 11 hours ago) and read 4993 times:
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Quoting Tofen (Reply 3):
Yepp, the Greek government owns (owned?) the frames. They where never OAs and wasn't a part of the deal with MIG.
If they aren't already sold to someone else, it should be a good idea to do so soon. The Greek government needs all extra money they can get.

Those four A340-300 are fairly new, they are 2002-2004 vinatge planes. They would be good for an SAA or Aerolinias Argentinas who already has some in their fleets needs a few more.


User currently offlineFLYYUL From Italy, joined Jun 2000, 4952 posts, RR: 51
Reply 6, posted (4 years 1 month 6 days 9 hours ago) and read 4705 times:

Or will they come back to the new Olympic...  

User currently offlineviasa From Switzerland, joined Jun 2005, 1853 posts, RR: 6
Reply 7, posted (4 years 1 month 6 days 9 hours ago) and read 4635 times:

Some weeks ago the Hellenic Republic had an announcement about the sale of the four Airbus A340 in the magazin "Flight International".

User currently offlinekiwiandrew From New Zealand, joined Jun 2005, 8492 posts, RR: 14
Reply 8, posted (4 years 1 month 6 days 9 hours ago) and read 4605 times:
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Quoting FLYYUL (Reply 6):
Or will they come back to the new Olympic...

In which case we would be likely to see the new Olympic go the same way as all the old ones - drowned in a sea of red ink due to the cost of operating longhauls for reasons of prestige rather than profit .

There is a lot that Olympic needs to do ( get into *A initially as A3 , then consummate the merger , then get the combined entity running both smoothly and profitably ) before they look at committing a lot of resources to a longhaul network . Most of the important bits of the old OA longhaul network could in any case be taken care of by codeshares on *A partners AC CO SQ TG - the latter two providing a realistic option of daily services to Asia/Australia whereas OA by itself could not be expected to operate more than 2-3 frequencies per week .

[Edited 2010-03-15 13:52:59]


Moderation in all things ... including moderation ;-)
User currently offlineFLYYUL From Italy, joined Jun 2000, 4952 posts, RR: 51
Reply 9, posted (4 years 1 month 6 days 9 hours ago) and read 4597 times:

Quoting kiwiandrew (Reply 8):
In which case we would be likely to see the new Olympic go the same way as all the old ones - drowned in a sea of red ink due to the cost of operating longhauls for reasons of prestige rather than profit .

my understanding based on feedback from consultants who worked there, was that long-haul was one of the few sustainable parts of the company... hence why it resisted a severe round of cuts in 2004. The only reason why long-haul is disbanded was due to EU requirement of reducing ASMs by 65%


User currently offlinekiwiandrew From New Zealand, joined Jun 2005, 8492 posts, RR: 14
Reply 10, posted (4 years 1 month 6 days 9 hours ago) and read 4563 times:
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Quoting FLYYUL (Reply 9):

my understanding based on feedback from consultants who worked there, was that long-haul was one of the few sustainable parts of the company...

If that can be proven to be correct then please accept my apologies , but everything I have ever read indicated the opposite , certainly I believe that back when they still operated to Australia those services were a big money pit , and I had also been told by a number of people that JNB sucked a lot of money out of the coffers .



Moderation in all things ... including moderation ;-)
User currently offlineoa260 From Ireland, joined Nov 2006, 26502 posts, RR: 58
Reply 11, posted (4 years 1 month 6 days 7 hours ago) and read 4265 times:

Quoting FLYYUL (Reply 9):
my understanding based on feedback from consultants who worked there, was that long-haul was one of the few sustainable parts of the company

Australia and Far East burnt money literally. High loads but no profit thats why BKK SIN NRT MEL SYD all got axed.

JFK was the only real one that stood out and the most likely to be re instated when longhaul begins but it will be key minimal routes.



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User currently offlineOlympicATH From United Kingdom, joined Jul 2001, 291 posts, RR: 0
Reply 12, posted (4 years 1 month 6 days 5 hours ago) and read 4100 times:

Quoting jfk777 (Reply 5):
Those four A340-300 are fairly new, they are 2002-2004 vinatge planes.

They were actually built in 1998/1999.
First flight dates: 24/09/1998, 31/08/1998, 13/07/1999, 30/09/1999


User currently offlineAFORMSGUY From United States of America, joined Nov 2009, 25 posts, RR: 0
Reply 13, posted (4 years 1 month 6 days 4 hours ago) and read 4079 times:

I was a passenger on SX-DFD on 31 Jan 2000 JFK-ATH and on SX-DFA on 10 Feb 2000 ATH-JFK. Nice planes, back then...

User currently offlineSXDFC From United States of America, joined Dec 2007, 2226 posts, RR: 19
Reply 14, posted (4 years 1 month 6 days 3 hours ago) and read 4018 times:

Wile we are on the subject of the OA A340's..

Does anyone know what other a/c OA was considering at the time they were planning their 747 replacement.. Did they ever look at the 777?



ALL views, opinions expressed are mine ONLY and are NOT representative of those shared by Southwest Airlines Co.
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