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,