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Olympic Airways News?  
User currently offlineOlympicEagle From , joined Dec 1969, posts, RR:
Posted (14 years 2 days ago) and read 1296 times:

anybody have some news on its process of being privitised???..something that I dont know???

18 replies: All unread, jump to last
User currently offlineLewis From Greece, joined Jul 1999, 3723 posts, RR: 4
Reply 1, posted (14 years 1 day 10 hours ago) and read 1177 times:

No, I haven't got a clue

User currently offlineUnderminer From Greece, joined Aug 2001, 42 posts, RR: 0
Reply 2, posted (14 years 1 day 4 hours ago) and read 1156 times:

August 22
According to the Greek press Credit First Suisse Boston executives express their skepticism about the future of the negotiations between AXON and the Greek government.

With the first round of the negotiations already completed AXON hasn't clarified:
a. how it will acquire the money
b. the amount and time of each payment
c. details about the financing of the investments.

Other main declinations have to do with the number of the remaining OA employees and the OA fleet. The same sources indicate that AXON's demands don't meet with the conditions of the international tender.

Negotiations with AXON should be completed by September 5th.

August 30
A greek financial newspaper (http://www.nafteboriki.gr only greek) reported that the greek government decided to extend the dead line for the sale by October 31st. In the meantime the second running bidder -Cyprus Airways- is threating to withdraw.

But I guess that during the last days of the negotiations with Axon it's quite difficult to expect further information. By the way I'd be glad Big grin to hear -on Wednesday - that Axon's bid was rejected.

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Photo © Anton Pettersson

User currently offlineOlympicEagle From , joined Dec 1969, posts, RR:
Reply 3, posted (14 years 1 day 3 hours ago) and read 1138 times:

If Axon takes olympic we can kiss goodbye the a340s and all the routes they did. If IAS takes it I believe it will be much better. It will be easier for Greeks outside of Greece too get jobs and not have to serve in the greek army or go to Greek school which is the requirements for being a OA pilot.

User currently offlineKlik From Canada, joined Oct 2000, 152 posts, RR: 0
Reply 4, posted (14 years 1 day 2 hours ago) and read 1129 times:

Just read today that IAS will be partnered with Qantas in the purchase of Olympic.

User currently offlineOlympicEagle From , joined Dec 1969, posts, RR:
Reply 5, posted (14 years 1 day 1 hour ago) and read 1121 times:

Can you please give me a link where you read this....if no link then where exactly???...

User currently offlineSuperfly From Thailand, joined May 2000, 40298 posts, RR: 74
Reply 6, posted (14 years 1 day 1 hour ago) and read 1119 times:

Will this really mean that the A340 would leave there fleet?
Would they change there livery too?
God I hope none of this happens. Olympic Airways has the best looking livery especially on there A340! I hope none of this will effect there image.

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Photo © Darcy Stevens

Bring back the Concorde
User currently offlineOlympicEagle From , joined Dec 1969, posts, RR:
Reply 7, posted (14 years 1 day ago) and read 1113 times:

SuperFly....there is a big possibilty that OA will lose there a340 fleet but now that someone mentioned Qantas I dont really know. It is a fact that the paint sheme will remain the same...in the deal it states that the carrier must keep its colors and remain a greek carrier. It will keep its name all that will happen is that the management will change which is great.

User currently offlineOA269 From Greece, joined Nov 1999, 140 posts, RR: 0
Reply 8, posted (14 years 23 hours ago) and read 1114 times:

No news, bad news some use to say.I hope this doesn't suit to Olympic.The government want desperately to give it (yes give it=get rid of it, not save and grow it) to somebody and the only good offer is from Axon, though not so clear.Recent news want Cyprus to collaborate with Axon for OA but I don't think OA want that.In case you don't know Axon's owner is also the representative for Leopard German tanks which sells to the Greek army so one thought would be to give OA to him in counterbalancing for some tanks.None knows what will happen, not even inside OA, but the sure thing is that because of the Olympics something will happen till the end of the year.OA has the advantage of the new airport, the forthcoming Olympics and its very good fame and it doesn't deserve to be in this situation.I know from the very inside and I can tell you that it's the first Greek company (maybe together with OTE) that must be worldwide famous and doesn't represent Greek 'sloppy' work (proxeirotita).Sorry for my prolixity and I hope OA live the Onassis era again after privitasation.Take care.

PS Olympic Eagle nice nick and nice a/c B742.I'm opposite with not using B742 for A343 but they say they're not economical (at least wait for 2 more A340 Olympic will buy).Just think using both B742 and A343 !! Only big airliners line Lufthansa has this combination, not even Turkish or Alitalia don't you think ?

User currently offlineOlympicEagle From , joined Dec 1969, posts, RR:
Reply 9, posted (14 years 23 hours ago) and read 1110 times:

OA269 I always wanted OA to make the 742 Cargo that would of been awesome. If Onasis was still here OA would have 744 which were there options after 742.

User currently offlineKlik From Canada, joined Oct 2000, 152 posts, RR: 0
Reply 10, posted (14 years 15 hours ago) and read 1093 times:

To Olympic Eagle:

Qantas a possible IAS partner for Olympic bid

By Dina Kyriakidou Reuters
Australia-based venture capital group Integrated Airline Solutions (IAS) has recruited compatriot Qantas Airways Ltd. as a possible partner for Olympic Airways if it wins the bid for the ailing Greek airline, IAS sources said yesterday.

The sources at IAS, whose joint bid with Olympic's pilots is placed third in the tender, told Reuters the move was expected to give their offer a huge boost.

"We believe this will strengthen our bid 100 percent," a source at IAS told Reuters.

He said IAS was submitting a letter from Qantas to the privatization advisers declaring the Australian airline's interest in cooperating with Olympic - in linking routes, helping out with know-how and upgrading services - if IAS wins.

The government is currently negotiating the sale of between 51 and 65 percent of Olympic with leading bidder Axon Airlines, a small Greek carrier. Cyprus Airways, which is cooperating with Alitalia, was graded second out of the three bids, behind Axon, by privatization advisers CSFB. The government has said it wants to hold parallel talks with the three bidders but has so far negotiated only with Axon and has only asked the other two for clarifications.

"We responded to all the questions they have put to us," the IAS official said. "We also clarified the staffing issue, saying we would keep a maximum of 5,000 permanent and 2,500 seasonal staff."

IAS also revised its offer - it now wants to buy what the government is offering instead of 100 percent of the company with the option of selling 49 percent back to the state in future, he added.

The Australian firm, which had strongly protested at criticism of its bid as being too ambitious, said it had also presented Greece with its future management team.

"We had been criticized for our management plan so we gave them eight of the top names in the business," the source said.

The government has asked all three bidders to extend their letters of guarantee to October 31, as talks with Axon Airlines resumed after a summer break.

Axon President Thomas Liakounakos said early in August he expected to sign a memorandum of understanding with the government next month and another 60 to 90 days of negotiations would follow before a final deal could be reached.

Sources close to the deal said the government wanted to keep all parties interested in the process while talks with Axon were at their most crucial stage.

The government, which sees Olympic as one of its biggest privatization tests, is banned by European Union law from subsidizing Olympic.

The airline, whose assets are estimated at about $275 million, is making losses of about $155 million a year.

[Taken from Friday's Kathimerini English Edition].


User currently offlineKevin From Canada, joined Dec 2000, 1172 posts, RR: 0
Reply 11, posted (14 years 15 hours ago) and read 1089 times:

No idea why they are loosing money. Flew with them many times and the aircraft were full 100%.

User currently offlineOlympicEagle From , joined Dec 1969, posts, RR:
Reply 12, posted (14 years 6 hours ago) and read 1079 times:

Kevin the money Olympic makes doesnt go to the airline it goes to the government and to the politicians and they waste it like its nothing. There is no person who takes the money and knows what to do with it like put it into a new fleet or something. The person incharge is from the government who is the biggest idiot ever.

User currently offlineTEDSKI From , joined Dec 1969, posts, RR:
Reply 13, posted (14 years 4 hours ago) and read 1084 times:

Olympic should trade in their sluggish climbing CFM56-5C4 powered A340-300s for new powerful RR Trent A340-500/600s with more passenger capacity to handle the high volume of people coming for the 2004 Olympic Games in Athens.

User currently offlineQuadstarA343E! From , joined Dec 1969, posts, RR:
Reply 14, posted (14 years 4 hours ago) and read 1068 times:

Everytime i see a post of yours, you talk about the mighty -600 and the RR engines... did you learn anytning else in aviation other then that!?!  Smile NO the -300s aren't having trouble.. Big grin

User currently offlineTEDSKI From , joined Dec 1969, posts, RR:
Reply 15, posted (14 years 4 hours ago) and read 1066 times:

Why is SIA getting rid of it's CFM56 powered A340-300s? They are trading them in to Boeing for new RR Trent 800 powered 777-200ERs? Plus, they ordered 5 RR Trent 500 powered A340-500s?

User currently offlineOlympicEagle From , joined Dec 1969, posts, RR:
Reply 16, posted (14 years 2 hours ago) and read 1058 times:

Whats wrong with the 747-400 :P

Anyways the a340-600 didnt even come out yet so we can wait.

User currently offlineOA269 From Greece, joined Nov 1999, 140 posts, RR: 0
Reply 17, posted (13 years 12 months 4 days 22 hours ago) and read 1054 times:

It's for sure that even if Olympic comes to hands that are will to spend it can't have 744 or 777 in its fleet for the near future.In my opinion it was a good move to hurry and buy, of the first, four A343 and three B717 for advertising reasons.The most realistic is to buy the new 738 plus a couple of 340 (these're the plans) although everything are frozen at the moment.It can't afford tradding engines because if it was it would have upgrated the 742 and would be in service (I just hate watching them sitting lazy).I believe this would be a very good fleet for a start for a bigger OA and besides even if GE are faster than CMF, with a plenty of 340 and good service, the two hours difference will not show don't you think ? As regards for problematic CMF engines I trust our enginners, they know what they're doing.

User currently offlineOlympicEagle From , joined Dec 1969, posts, RR:
Reply 18, posted (13 years 12 months 4 days 20 hours ago) and read 1051 times:

good point..well said

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