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

Olympic & Greek Colony In US,AU,East

Tue Oct 22, 2002 10:16 pm

I always listen that for any route Olympic drops, the excuse is 'not profitable' since it's not full. In this way they've dropped Boston, Chicago, Tokyo and many other international routes. Now they have dropped Australia (I mean they have already taken the decision, it's just a matter of few time).

Is there anyone from Greek Omogenia that knows something about it and can help ? Not rumours or suppositions. Someone that has flown or works in this field and knows for sure. I very much believe that they (gonverment) don't want this company to bankrupt. But they seem they want to make it a regional airline. Is it because they just don't care and they think 'we will see, wait and see something will come as a solution' but the debt is increasing so they need to drop lines ?

At some time everyone having the chance to travel with Olympic he did it immidiately. Such an airline worths being international. But after the 11th Sep incident and especially with so many alliances do you think Olympic can become great, even if someone buys it and is willing to do it ?

From an Olympic fan-for-a-life
 
Rai
Posts: 1697
Joined: Fri Feb 15, 2008 6:12 pm

RE: Olympic & Greek Colony In US,AU,East

Wed Oct 23, 2002 5:05 am

Yasou. The Australia route cancellation comes as no surprise, especially since OA lost $25 million a year on it. They were doing so-so on the SYD leg, but the Greek community of Melbourne petitioned OA to keep sending their planes to MEL. As far as the other trans-continental routes go, JFK is OA’s only profitable route -- all the others are money losers. I was reading an article stating that OA is considering dropping all intercontinental routes. They MIGHT keep the JFK route, but nothing is etched in stone. And yes, they would like to be a regional airline to make it profitable.

The EU is really pressuring the Greek government to streamline OA’s cost structure.

It’s sad that OA has cut their route structure the last ten years. They used to serve ORD, BOS, SIN and NRT. BOS and ORD have large Greek communities. If OA suspends all their intercontinental routes, I’d expect to see CO start up service to ATH from EWR. They’ve always been considering such a flight. AC might do the same thing from YYZ or YUL, but most likely on a seasonal basis. We’ll see how it all goes.
 
User avatar
yyz717
Posts: 15697
Joined: Mon Sep 10, 2001 12:26 pm

RE: Olympic & Greek Colony In US,AU,East

Wed Oct 23, 2002 9:42 am

Perhaps part of the problem (apart from the airline's inefficient ops) is the wrong long range aircraft. Maybe the 343 should be swapped for something smaller.

OA ordered 3 762's about 10 years ago but the order was cancelled. Perhaps some used 762/763 equipment would do the job of the 343 more efficiently.

I dumped at the gybe mark in strong winds when I looked up at a Porter Q400 on finals. Can't stop spotting.
 
Rai
Posts: 1697
Joined: Fri Feb 15, 2008 6:12 pm

RE: Olympic & Greek Colony In US,AU,East

Wed Oct 23, 2002 9:52 am

Neil, the A340 was bought under EU pressure. They had no choice in the matter...
 
Guest

RE: Olympic & Greek Colony In US,AU,East

Wed Oct 23, 2002 1:17 pm

I would love to see Continental start service from EWR to ATH because the Greeks from my area ALB, can take Continental Express from there into EWR and then fly on to ATH.
 
Guest

RE: Olympic & Greek Colony In US,AU,East

Wed Oct 23, 2002 1:30 pm

Rai, how did the EU pressure OA into getting the A340-300 when Air France and Alitalia were allowed to order the 777-200ER & 300ER models? OA was better off getting 767-300ERs for their international routes so that they could have started possibly service from JFK to SKG.
 
Guest

RE: Olympic & Greek Colony In US,AU,East

Wed Oct 23, 2002 10:10 pm

As far as service between JFK and ATH, we have DL who uses their 767-300ERs and possibly introducing soon their 777-200ERs. World Airways has charter flights from JFK to ATH using their MD-11s.
 
ragousis
Posts: 29
Joined: Thu Dec 07, 2000 7:16 am

RE: Olympic & Greek Colony In US,AU,East

Thu Oct 24, 2002 1:14 am

I don't think that CO can start new service to ATH. Greece is listed by the FAA as a class 2 country that is not in compliance with IOCA regulations. Under class 2 no american airlines may start new service to ATH or any other Greek city. Plans are under way to get this reversed, (by upgrades and such) but I am not sure when it will happen. Anyone know more on this subject?
 
LatinPlane
Posts: 2480
Joined: Mon Dec 27, 1999 11:05 am

RE: Olympic & Greek Colony In US,AU,East

Thu Oct 24, 2002 3:45 am

Ragousis:

Actually, it's the other way around. American airlines are free to start and add frequencies between the U.S. and a category ll country. However, It is the national airlines of the category ll country that cannot add new routes, frequencies, or a new type of aircraft other than the one already in use for its American services. If Greece is a category ll country as stated, Olympic cannot add new services to U.S. destinations unless it circumvents the law by wet-leasing an aircraft from an airline belonging to a category l country. I am not fully aware of this issue, but I would think that Greece being a E.U. member falls under E.U. category status as the rest of the European countries do(?).

 Smile LatinPlane


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