go canada!
Posts: 2886
Joined: Wed Jun 06, 2001 1:33 am

Who Is Going To Buy Olympic?

Fri Jan 04, 2002 2:42 am

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
 
ILS
Posts: 2291
Joined: Fri Nov 09, 2001 2:34 am

RE: Who Is Going To Buy Olympic?

Fri Jan 04, 2002 2:44 am

Probably Cyprus Airways.
 
Konstantinos
Posts: 364
Joined: Mon Jun 25, 2001 5:29 am

RE: Who Is Going To Buy Olympic?

Fri Jan 04, 2002 8:16 am

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

RE: Who Is Going To Buy Olympic?

Fri Jan 04, 2002 9:28 am

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.
 
olympicEagle
Posts: 153
Joined: Tue Nov 28, 2000 7:32 am

RE: Who Is Going To Buy Olympic?

Fri Jan 04, 2002 10:20 am

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.
 
JU101
Posts: 831
Joined: Sun Mar 25, 2001 1:57 am

RE: Who Is Going To Buy Olympic?

Fri Jan 04, 2002 1:28 pm

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.
 
Superfly
Posts: 37735
Joined: Thu May 11, 2000 8:01 am

RE: Who Is Going To Buy Olympic?

Fri Jan 04, 2002 1:39 pm

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
 
JU101
Posts: 831
Joined: Sun Mar 25, 2001 1:57 am

RE: Who Is Going To Buy Olympic?

Fri Jan 04, 2002 1:46 pm

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.
 
JU101
Posts: 831
Joined: Sun Mar 25, 2001 1:57 am

RE: Who Is Going To Buy Olympic?

Fri Jan 04, 2002 1:48 pm

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.
 
Konstantinos
Posts: 364
Joined: Mon Jun 25, 2001 5:29 am

RE: Who Is Going To Buy Olympic?

Fri Jan 04, 2002 11:44 pm

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.
 
0A340
Posts: 262
Joined: Tue Nov 21, 2000 3:10 am

RE: Who Is Going To Buy Olympic?

Sat Jan 05, 2002 3:01 am

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.


 
Guest

RE: Who Is Going To Buy Olympic?

Sat Jan 05, 2002 7:11 am

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.
 
OA277
Posts: 72
Joined: Thu Nov 22, 2001 2:48 am

RE: Who Is Going To Buy Olympic?

Sat Jan 05, 2002 11:27 am

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.
 
Konstantinos
Posts: 364
Joined: Mon Jun 25, 2001 5:29 am

RE: Who Is Going To Buy Olympic?

Sun Jan 06, 2002 2:42 am

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.
 
OA269
Posts: 137
Joined: Sat Nov 27, 1999 12:20 am

RE: Who Is Going To Buy Olympic?

Mon Jan 07, 2002 4:02 pm

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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