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Olympic Airways Sold On JAN 31st  
User currently offlineOlympicEagle From , joined Dec 1969, posts, RR:
Posted (12 years 7 months 3 weeks 3 days 14 hours ago) and read 1396 times:

YES YES!, Been waiting for this day for a while now. IAS representatives are sending there people to make the final deal tomorrow. If all goes well with the Government the Airline will be bought on Jan 31st. The new President of the Airline is probably gonna be Mr. Bardinogiannis a very wealthy individual in Europe. At the meeting MR. E. Oldmedow will be there I think he represents Qantas.

16 replies: All unread, jump to last
 
User currently offlineOA277 From United Kingdom, joined Nov 2001, 76 posts, RR: 0
Reply 1, posted (12 years 7 months 3 weeks 2 days 11 hours ago) and read 1229 times:

That's great news!!! I'm so glad that Olympic is going to be sold and hopefully get back the splendour an validity it used to have as a company, and it won't end up like Sabena.
Good luck Olympic.


User currently offlineOlympicEagle From , joined Dec 1969, posts, RR:
Reply 2, posted (12 years 7 months 3 weeks 2 days 8 hours ago) and read 1178 times:

P. Bardinogiannis will hopefully try to play a Onasis and hopefully copycat him  Smile.

User currently offlineKonstantinos From Greece, joined Jun 2001, 389 posts, RR: 0
Reply 3, posted (12 years 7 months 3 weeks 1 day 23 hours ago) and read 1129 times:

I think Olympic is best left to the greek government.
By privatising the airline doesn't necessarily mean that all will be ok. Infact things might get worse. I ask, can this private owner afford to pump into the airline at least 50 million US Dollars every year to keep the airline in the air ?


User currently offlineOvelix From Greece, joined Aug 1999, 639 posts, RR: 3
Reply 4, posted (12 years 7 months 3 weeks 1 day 21 hours ago) and read 1112 times:

OlympicEagle

Onassis used to say: "OA is a bucket filled with sh*t. When the bucket overflows, we sell it to the state".

I hope you did not mean that with "copycat".

As for the rest. OA is full with unneeded personnel. It's the only airline I know that cannot fire ANYONE even if it remains with only one plane flying to only one destination. They are civil servants and in Greece a civil servant cannot be fired at all.

The new owner (I too hope that someone can take over OA, enough trouble we had already) will have to face huge personnel salaries, strong unions and a law that keeps his hands tied.

I hope that a solution will be found. As a greek taxpayer I think that I have payed enough the mismanagement of the company and the wastrel employees.

Kostas


User currently offlineBestwestern From Hong Kong, joined Sep 2000, 7122 posts, RR: 57
Reply 5, posted (12 years 7 months 3 weeks 1 day 20 hours ago) and read 1096 times:

Didn't he own Axon?


The world is really getting smaller these days
User currently offlineJoge From Finland, joined Feb 2000, 1444 posts, RR: 39
Reply 6, posted (12 years 7 months 3 weeks 1 day 20 hours ago) and read 1095 times:

Awesome!  Big thumbs up

Any info on the B737-700/800s? When is the first delivery and what are the routes?

-Joge



Bula!
User currently offline0A340 From United States of America, joined Nov 2000, 266 posts, RR: 0
Reply 7, posted (12 years 7 months 3 weeks 1 day 19 hours ago) and read 1086 times:

I think Olympic is best left to the greek government.
By privatising the airline doesn't necessarily mean that all will be ok. Infact things might get worse. I ask, can this private owner afford to pump into the airline at least 50 million US Dollars every year to keep the airline in the air ?



Not quite, I'm afraid. The reason OA is in this trouble is, from one side the labour market and the strong unions that put the interest of their own pocked ahead, way ahead of the public's. OA has more than 200 employees per jet in the fleet.
Add on top of that the inflexibility of every Goverment-appointed administration, most of them pupets of the then Transportation minister, and you get the picture.
If things get worse, then the owners will look into the company's best interest - not the governing party's.

My 0.02 E.





User currently offlineOlympicEagle From , joined Dec 1969, posts, RR:
Reply 8, posted (12 years 7 months 3 weeks 1 day 15 hours ago) and read 1072 times:

The Government made Olympic lose all the money and have too many workers. The Greek Government for years has been taking money out of the airline and putting it into other things. Bardinogiannis does have the money but he will be backed up with IAS which has representatives from Qantas. They will be allowed to cut any workers they want because OA is not part of the government anymore.

User currently offlineOvelix From Greece, joined Aug 1999, 639 posts, RR: 3
Reply 9, posted (12 years 7 months 3 weeks 1 day ago) and read 1042 times:

OA is not part of the government anymore

Excuse me? Where did you hear that???


User currently offlineKonstantinos From Greece, joined Jun 2001, 389 posts, RR: 0
Reply 10, posted (12 years 7 months 3 weeks 19 hours ago) and read 1024 times:

How many of you here work for Olympic ?

If any of you did, then you would know what is best for the airline and your selves. For if you did work for Olympic you would know that you are the best payed airline employees in Greece and one of the best in the world.

Olympic is gone. The end is here. Wait and see what will happen once job cuts start and all the rest. What do you expect from an airline ? Do you expect the airline to make profits ? Which airline is making profits these days ? And I don't mean just for a few months and then again down go things.

I wander if the sale includes Olympic Aviation and Macedonian Airlines, does it ?


User currently offline0A340 From United States of America, joined Nov 2000, 266 posts, RR: 0
Reply 11, posted (12 years 7 months 3 weeks 19 hours ago) and read 1014 times:

...no wonder why the situation is so bad.

When I get to hear comments like these, I have the feeling that any effort to end the 30-year long travesty of 7,000 gold-ringers is at vain.

YES, airlines are out there to make profit and NOT TO BE A HAVEN for the best payed airline employees in Greece and one of the best in the world. . At least NOT FROM MY TAXES. The people's money wasted in OA in the last 30 years could have been more than enough to build a Venizelos in each major city in Greece.

What is best for the country? The welfare of few self-interest-looking "employees" or the good of the country?


My 0.02 E.




User currently offlineTEDSKI From , joined Dec 1969, posts, RR:
Reply 12, posted (12 years 7 months 3 weeks 17 hours ago) and read 996 times:

I hope this new guy that is buying the airline starts new non-stop routes such as JFK to SKG, using maybe 767-300ERs since OA's current A300-600Rs don't have the range that he can lease or purchase since the runway at SKG is not long enough to handle the A340.

User currently offlineOlympicEagle From , joined Dec 1969, posts, RR:
Reply 13, posted (12 years 7 months 3 weeks 15 hours ago) and read 985 times:

Yes olympic isnt part of the government if its SOLD, read what I wrote dont respond with things like that. Konstantinos Olympic will never go down and its a fact. Government will keep it or the wealthy in Greece will put money into it. You dont understand how many people rely on Olympic and support it.

User currently offlineOA277 From United Kingdom, joined Nov 2001, 76 posts, RR: 0
Reply 14, posted (12 years 7 months 3 weeks 7 hours ago) and read 974 times:

Only from the fact that Mr Vardinogiannis is going to be the president of new OA, I think it's going to work well.
The guy is running very big companies and I think he's going to do really well.
Apart from that he is having very good connections all over the world.
I'm not sure for all the above of course since I'm having some doubts about the hole thing. I don't think anybody can make predictions from now.
There are airlines that belong to governments like Air France that they are making good profits, and from the other side airlines that belongs to individuals that they are also making very good profits.
All we have to do is to wait.
Lets hope that everything is going to be alright.


User currently offlineKonstantinos From Greece, joined Jun 2001, 389 posts, RR: 0
Reply 15, posted (12 years 7 months 2 weeks 6 days 20 hours ago) and read 952 times:

OA340 said:
"YES, airlines are out there to make profit and NOT TO BE A HAVEN for the best payed airline employees in Greece and one of the best in the world. . At least NOT FROM MY TAXES. The people's money wasted in OA in the last 30 years could have been more than enough to build a Venizelos in each major city in Greece. What is best for the country? The welfare of few self-interest-looking "employees" or the good of the country?"

I just wanted to ask you OA340, if you live in the US, then how come you pay taxes in Greece too?
On the other hand, I live in Greece and I pay taxes here.
And another thing, I don't know how long you have been away from Greece but you obviously don't know that, no one here care for the country. If one can get a good job and the job pays, then that is all that matters. "Simferon" - that's what it's called.




User currently offline0A340 From United States of America, joined Nov 2000, 266 posts, RR: 0
Reply 16, posted (12 years 7 months 2 weeks 6 days 18 hours ago) and read 953 times:

I just wanted to ask you OA340, if you live in the US, then how come you pay taxes in Greece too?
On the other hand, I live in Greece and I pay taxes here.
And another thing, I don't know how long you have been away from Greece but you obviously don't know that, no one here care for the country. If one can get a good job and the job pays, then that is all that matters. "Simferon" - that's what it's called.


While Tax info is personal, I can assure you that I do pay my duty in Greece.
Back to the point: It is well-known that shortsighted self-interest is gloryfied. It is also well-known the heavy hand that the government has, and how happily it is applied to private business' works into making labour market very inflexible.
Just look at today's news regarding the private schools - they are trying to impose permanency to every hire. Then why would the private school's owner expand, if he risks having to hold on to the same individual, even if he's a bad apple? Same logic for airlines.

My 0.02 E.
(Not the ones Simitis gave Bush yesterday)



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