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Who Is Going To Buy Olympic?  
User currently offlineGo Canada! From United Kingdom, joined Jun 2001, 2955 posts, RR: 11
Posted (12 years 11 months 1 day 2 hours ago) and read 2829 times:

Has a buyer for Olympic of greece been found yet, it cant be axon after what happened to them, is it heaven forbid cyprus airways?


It is amazing what can be accomplised when nobody takes the credit
14 replies: All unread, jump to last
 
User currently offlineILS From , joined Dec 1969, posts, RR:
Reply 1, posted (12 years 11 months 1 day 2 hours ago) and read 2762 times:

Probably Cyprus Airways.

User currently offlineKonstantinos From Greece, joined Jun 2001, 389 posts, RR: 0
Reply 2, posted (12 years 11 months 20 hours ago) and read 2741 times:

NO, I will buy her !
If Axon could buy her then so can I.


User currently offlineTEDSKI From , joined Dec 1969, posts, RR:
Reply 3, posted (12 years 11 months 19 hours ago) and read 2726 times:

If I had the funds I would buy OA and for my trans-Atlantic and Australian routes I would trade in the underpowered CFM56-5C A340-300s for new 777-200ERs & A340-500/600s. Retire the aging 737-200s for new A319/A320/A321s. Purchase either 767-300ERs or A330-200s for flights from the USA to SKG whose runway maybe can't handle the large 777 or A340.

User currently offlineOlympicEagle From , joined Dec 1969, posts, RR:
Reply 4, posted (12 years 11 months 18 hours ago) and read 2713 times:

Nonsense, Cyprus stepped out so did Axon, IAS is only left and I cant wait till they purchase cause of salary and new aircraft and OA will become what it use to be the best airline in the World  Smile.

User currently offlineJU101 From Canada, joined Mar 2001, 832 posts, RR: 4
Reply 5, posted (12 years 11 months 15 hours ago) and read 2697 times:

TEDSKI, if airlines were to make purchases as you are talking about, they would accumulate way too much debt. Success in the competative airline business does not nearly depend on the modernity of aircraft as most people think. Constructive and profitable route planning, marketing, ownerships, and management are far more important.

BTW, ownerships could relate to an airlines stake in hotels, travel agencies, and related firms.

Just look at the success Westjet from Canada, is having. Most of their aircraft are B737-200s. That is not to say that these aircraft not be replaced soon, however replacing perfectly good A340s and other modern aircraft would be just throwing money for no good use.

My 2 euros.


User currently offlineSuperfly From Thailand, joined May 2000, 40035 posts, RR: 74
Reply 6, posted (12 years 11 months 15 hours ago) and read 2692 times:

Well I am glad TEDSKI can't buy them out. Big grin

I hope they keep there livery, A340s and 737-200s.

Olympic Airways has the worlds best paint scheme and I love there fleet.


Click for large version
Click here for full size photo!

Photo © Darcy Stevens




Bring back the Concorde
User currently offlineJU101 From Canada, joined Mar 2001, 832 posts, RR: 4
Reply 7, posted (12 years 11 months 14 hours ago) and read 2693 times:

TEDSKI, if airlines were to make purchases as you are talking about, they would accumulate way too much debt. Success in the competative airline business does not nearly depend on the modernity of aircraft as most people think. Constructive and profitable route planning, marketing, ownerships, and management are far more important.

BTW, ownerships could relate to an airlines stake in hotels, travel agencies, and related firms.

Just look at the success Westjet from Canada, is having. Most of their aircraft are B737-200s. That is not to say that these aircraft not be replaced soon, however replacing perfectly good A340s and other modern aircraft would be just throwing money for no good use.

My 2 euros.


User currently offlineJU101 From Canada, joined Mar 2001, 832 posts, RR: 4
Reply 8, posted (12 years 11 months 14 hours ago) and read 2689 times:

Sorry about the repeated message, something went wrong here. I have to agree with Superfly - though it would be nice to see a few newer B737s sooner rather than later.

User currently offlineKonstantinos From Greece, joined Jun 2001, 389 posts, RR: 0
Reply 9, posted (12 years 11 months 5 hours ago) and read 2673 times:

Olympic is selling the 737-200's, 727-200's and 747-200's. It's been selling now for a long time. They will be getting the 737-800.

User currently offline0A340 From United States of America, joined Nov 2000, 267 posts, RR: 0
Reply 10, posted (12 years 11 months 1 hour ago) and read 2650 times:

TEDSKI, if airlines were to make purchases as you are talking about, they would accumulate way too much debt. Success in the competative airline business does not nearly depend on the modernity of aircraft as most people think. Constructive and profitable route planning, marketing, ownerships, and management are far more important.
BTW, ownerships could relate to an airlines stake in hotels, travel agencies, and related firms.
Just look at the success Westjet from Canada, is having. Most of their aircraft are B737-200s. That is not to say that these aircraft not be replaced soon, however replacing perfectly good A340s and other modern aircraft would be just throwing money for no good use.

My 2 euros.


I fully agree.
Just take a quick look at SABENA. They went to a brand-new fleet in virtually no time. Out with the old, in with the new. I loved their new paintscheme, shiny new 'busses, etc. Alas, reality kicked in.

Regarding the issue of using the beefed-up 346s in place of the "underpowered CFM56-5C A340-300s, which BTW must be replaced for new 777-200ERs & A340-500/600s.", take a hard look at bookings from September all the way to May. What is the current seat factor? If no more than 200 passengers take the trip, then for an airline to keep daily service (now it is 4/7 for JFK) even the 343 is an overkill. If and when the bookings arrive, then just increase frequency to 2xdaily!

My 0.02 E.




User currently offlineTEDSKI From , joined Dec 1969, posts, RR:
Reply 11, posted (12 years 10 months 4 weeks 1 day 21 hours ago) and read 2637 times:

If the A340-300 is an overkill from Sept to May, maybe they should lease some 767-300ERs for that time of year and use them between JFK and ATH like Delta is doing.

User currently offlineOA277 From United Kingdom, joined Nov 2001, 76 posts, RR: 0
Reply 12, posted (12 years 10 months 4 weeks 1 day 17 hours ago) and read 2620 times:

If that is true (IAS WILL get OA), then it would be for sure as you said OlympicEagle if not the best airline in the world, one of the best ones.
OA is having most of the requirements to become one of the biggest airlines of the world.
Athens airport will be a great place for stopovers, especially after the new line of the tube will open.
Apart from that as an airline using a flexible timetable they will be able to connect Europe with Asia, Oceania, Africa and the Middle East, America With all the rest and backwards.
Lets cross our fingers for a better future for OA.
Lets hope that the old good days will come back again.


User currently offlineKonstantinos From Greece, joined Jun 2001, 389 posts, RR: 0
Reply 13, posted (12 years 10 months 4 weeks 1 day 2 hours ago) and read 2612 times:

Olympic never should have got the A340-300. I think that it would have been best for them to have gone for the B767-300ER also. or even the 777, or how about 2-B767-200ER's and 2-B747-400's.

User currently offlineOA269 From Greece, joined Nov 1999, 140 posts, RR: 0
Reply 14, posted (12 years 10 months 3 weeks 6 days 12 hours ago) and read 2606 times:

IAS is definitely the only one in the game.I strongly believe (although none knows for sure even inside Olympic) that IAS will finally buy Olympic. I've read that IAS is going to propose for the management team 3 managers, one from Quantas (number 2 man in Quantas),another British manager from Australia and the last one from Swissair (specialist in flight networks and pricing).The main director (that is the boss) will be Pavlos Vardinogiannis the famous Hellenic businessman who owns the majority of IAS.I have a strong feeling that it will have a happy ending very soon.Maybe because it has some main good and logical points : IAS showed willing from the start to 'raise' Olympic, their pilots have part in IAS, it will be still in Hellinic hands (Vardinogiannis+gonvernment) but with experts ruling too, gonvernment want to make it big again...etc.
It's very hard for us that aren't inside the game to judge because there're many factors that we don't know.In my last flight to London I travelled inside the cockpit (A300-600) all during the flight and had a little chat with the crew.Well as little as I could because I didn't want to disturd them from their work.Although I shouldn't be hesitated because they're very 'cool' people but experts too.Just a parenthesis to tell you that in some times during the flight (when autopilot was on) we had chat and fun eg when airhostesses came to take order but on take off and landing procedure they were very strikt.I tried to take a photo then and the captain got angry.At some point when talking about the new A340 and if the B747 are going to be sold, the copilot told me that Olympic has an offer from Boeing to give some 4-5 (as many as needed) 747-400 or 777 to operate and after a period of 10 years they will be bought by Olympic.His opinion about the A340 wasn't the best but they're far more economical if full than the 777 and more suitable for Olympic at the present.In my opinion this doesn't mean that they won't be suitable if/when Olympic gets the 747, they're excellent for Australia route because they're always full.Just wait till next month and see.


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