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Posts: 136
Joined: Tue Jul 03, 2001 8:43 am

Cyprus Airways Subsidiary Based In Athens?

Thu May 16, 2002 11:09 pm

I just read that Cyprus Airways announced they were going to create a new airline based in ATH. They will first fly to London, Paris, Frankfurt and Brussels. Operations will start in April 2003 using 3 A320 or 3 B737.
Is this true? Will Cyprus Airways serve more routes in the future? I guess the airline wants to expand, something it can't do in Cyprus because of the small market, the political situation and the bad airports...
It is probably good news for ATH but it's really bad for Olympic... Don't u agree?
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Joined: Mon Apr 09, 2001 3:16 am

RE: Cyprus Airways Subsidiary Based In Athens?

Thu May 16, 2002 11:33 pm

I agree, there is probably not enough possibility for Cyprus Airways to expand in Cyprus. But are the airports really that bad? At least I did not hear anything bad about the two "big" airports, LCA and PFO. Did I miss something? According to the media, ATC seems to be a problem in Cyprus, but Greece has the same problems, don't they?

This must be really bad news for OA. The Cronus/Aegean merger had already impacts on OA's passenger figures. Where did you read that info about the new Greek CY-subsidiary airline? Seems a bit strange to announce the start of an airline in May (that would mean to start operations in August or September). Most traffic is around Easter and the whole summer. Passenger figures during winter are low, why would they start an airline after the season?
Posts: 2847
Joined: Mon Apr 09, 2001 3:16 am

RE: Cyprus Airways Subsidiary Based In Athens?

Thu May 16, 2002 11:36 pm

>>"Operations will start in April 2003"
Sorry, I should have read your post more carefully... Big grin
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Joined: Tue Nov 21, 2000 3:10 am

RE: Cyprus Airways Subsidiary Based In Athens?

Fri May 17, 2002 12:13 am

I disagree that this is "bad news" for anybody.

Healthy competition is good for everyone. The chronic absence of such competition (either by regulation or lack of entrepreneurial interest) has led to this situation today: a state airline (OA) falling behind, not being able to compete in an open environment, and sticking to last-minute protectionism tricks to barely survive. Tricks like bypassing regulations to keep 30-year old planes in service, not paying retirement funds contributions or skipping landing fees, and also not being paid for service provided to state organizations, all these are things of the past.

The very sad state of the airline industry is the creation of this state protectionism. Out in the open, such ‘creations’ either sink or learn how to swim. The survival of the fittest, if you will. And these fittest are going to expand, create healthy, real jobs, and have a real contribution in the economy and the people: offer service. This is the GOOD news. The only people who are to worry are the dinosaurs of the state protectionism – soon to be extinct, anyway.

Just my 0.02 Euro.

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