Jiml1126 From , joined Dec 1969, posts, RR: Posted (13 years 11 months 4 weeks 21 hours ago) and read 4020 times:
The effect of the terrorist attacks in the US claimed another airline victim when Greek carrier, Axon Airlines, said it was suspending operations.
Axon, which flies to three European cities as well as operating on domestic routes, said it may fly again if the economic climate in the aviation industry changed.
The decision to ground its planes may also affect Axon's plans to buy the country's struggling flag carrier, Olympic Airways. Athens-based Axon has been negotiating with the Greek government but questions have arisen over how it would fund its bid.
The independent airline, which was launched in 1999, has been operating services to Brussels, Milan and Paris with its Boeing 737 planes.
OA269 From Greece, joined Nov 1999, 140 posts, RR: 0
Reply 3, posted (13 years 11 months 2 weeks 3 days 13 hours ago) and read 3950 times:
It doesn't suprise me, I expect more loss from the rest like Cronus (the only one).In airline transportation in order to survive you have to offer high quality service. Axon and Cronus offer doubtfull services (in my opinion not good at all with many dirty games behind) while Olympic has taken prizes from Europe about its technical support.I didn't expect Olympic to like being bought by Axon (as it happened with Cyprus which withdrawn early).I believe they're in a good way with IAS.The funny thing is now Axon owes to Olympic (from services like handling etc) which will probably take Axon's one 737 (hmm).