Posts: 401
Joined: Mon Sep 24, 2001 8:26 am

What's Up With Olympic?

Sun Sep 29, 2002 1:31 pm

Have been trying to find some information about Olympic. I know the Greek government was trying to privatize the airline, but wondered if there are any new developments?

Posts: 4071
Joined: Fri Mar 01, 2002 8:55 pm

RE: What's Up With Olympic?

Sun Sep 29, 2002 1:34 pm

Privatise? the airline would soon be downsized to a regional carrier to stem losses. The question is "when?". Lets hope its soon. That airline is an embarassing ambassador to Greece.
Welcome to my starry one world alliance, a team in the sky!
Posts: 41
Joined: Mon Oct 01, 2001 10:05 pm

RE: What's Up With Olympic?

Sun Sep 29, 2002 6:48 pm

Ryanair is right, the plan of the Greek government foresees to downsize Olympic, to a "European carrier" till 2003... , but...
many Greeks, politicians, officials & tourist agencies criticize the government, so it would not be a wonder if plans would change again:

* In Melbourne, the second largest Greek city after Athens, over 1 million Greeks start to protest outside the embassy, travel agencies etc.
cause Olympic will withdraw the Athens - Bangkok - Melbourne - Sydney service, furthermore its not sure if Qantas (probably Australian Airlines) will take over at least the Melbourne route. The same thing goes for SIA & Thai,
* Tourist & travel agencies in Canada go further, the want (& expect!) that Olympic increase flight operation from Athens to Toronto - Montreal from 4x weekly to a daily flight, cause Greece is the second popular holiday destination for Canadians after France.
Air Canada has the traffic rights for Montreal-Toronto-Athens, several years now, but they don't make neither use of them, or want to sell or lease them (Air Transat is interested).
* this year, Olympic will make profit, approx. 10 million ??? (first time after 2 decades)


about one week ago, ROUTES 2002 took place (Athens - Venizelos)
the meanwhile announced (probably!) new routes are Tokyo-Narita,
Beijing and Shanghai,
+ there where also a few rumours about to reintroduce the Chicago service, and AA to Miami in 2003,

greetings Chris