mitris
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Will The EU Allow A3 To Buy OA This Time?

Fri Nov 23, 2012 12:57 am

Aegean has requested from the EU to speed up their decision due to losses. http://greece.greekreporter.com/2012.../22/aegean-wants-fast-olympic-bid/

The two airlines will continue to operate under the same brand, and retain its own flight schedules.

I wonder if the EU approves the plan, will Olympic join Star Alliance since it will be owned by A3?


Any thoughts?
 
JU068
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RE: Will The EU Allow A3 To Buy OA This Time?

Fri Nov 23, 2012 7:52 am

Well this time around there is Cyprus Airways which has launched some flights within Greece. This means that unlike the last time, in case these two airlines do merge, domestic Greek market will see competition.
 
EI564
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RE: Will The EU Allow A3 To Buy OA This Time?

Fri Nov 23, 2012 9:31 am

Cyprus Airways has its own financial problems. So hopefully it will pull through the current restructuring.
 
FI642
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RE: Will The EU Allow A3 To Buy OA This Time?

Sun Nov 25, 2012 1:06 am

It would be nice to see the OA name survive, and fly to North America again.

The EU should grant approval. Given the Financial situation in Greece it would be sensible to
expedite the application.
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mitris
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RE: Will The EU Allow A3 To Buy OA This Time?

Sun Nov 25, 2012 9:57 am

Quoting JU068 (Reply 1):

Well this time around there is Cyprus Airways which has launched some flights within Greece. This means that unlike the last time, in case these two airlines do merge, domestic Greek market will see competition.

Cyprus Airways as well as Sky Express and Astra Airlines.

Quoting FI642 (Reply 3):
It would be nice to see the OA name survive, and fly to North America again.

One of the main reasons the two airlines are trying to merge is because of that. Eventually, they will restart flights to JFK and other North American destinations. A3 is already code-sharing with United for flights to Newark, and OA with delta to JFK. Hopefully it won't take too long for either A3 or OA to have their own machines flying to those destinations.
 
LJ
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RE: Will The EU Allow A3 To Buy OA This Time?

Sun Nov 25, 2012 7:54 pm

Quoting mitris (Reply 4):
One of the main reasons the two airlines are trying to merge is because of that. Eventually, they will restart flights to JFK and other North American destinations. A3 is already code-sharing with United for flights to Newark, and OA with delta to JFK.

I hope they're not serious about trying to serve North America from ATH. AFAIK both UA and DL don't serve ATH yearround, thus I think it's safe to conclude that there is currenty no market for TATL flights in the winter.

[Edited 2012-11-25 12:36:26]
 
Burkhard
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RE: Will The EU Allow A3 To Buy OA This Time?

Sun Nov 25, 2012 8:16 pm

Quoting LJ (Reply 5):
I hope they're not serious about trying to serve North America from ATH. AFAIK both UA and DL don't serve ATH yearround, thus I think it's safe to conclude that there is currentky no market for TATL flights in the winter.

I agree that this would be the beginning of a common end. There are so many connections into any major US airport via FRA/CFG/LHR that there is no money to make having one or two direct connections.
 
OlympicATH
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RE: Will The EU Allow A3 To Buy OA This Time?

Mon Nov 26, 2012 3:37 am

Quoting mitris (Reply 4):
A3 is already code-sharing with United for flights to Newark, and OA with delta to JFK.
Quoting LJ (Reply 5):
I hope they're not serious about trying to serve North America from ATH. AFAIK both UA and DL don't serve ATH yearround, thus I think it's safe to conclude that there is currenty no market for TATL flights in the winter.

United doesn't fly to Athens anymore, not even in the summer. The route was axed over a year ago.

Delta does fly to Athens but the route is now seasonal (and not even for the whole summer season). Not to mention that they don't fly ATL-ATH anymore (which was always seasonal btw).

While it's true that ATH is not a great market for long-haul, saying that there is no market at all in the winter is extreme. I believe this is the first time since the 60s that Athens doesn't have a year-round flight to New York. Olympic and TWA, then Delta, flew this year-round for decades.
 
ATLFlyer323
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RE: Will The EU Allow A3 To Buy OA This Time?

Mon Nov 26, 2012 4:11 am

Quoting OlympicATH (Reply 7):
While it's true that ATH is not a great market for long-haul, saying that there is no market at all in the winter is extreme. I believe this is the first time since the 60s that Athens doesn't have a year-round flight to New York. Olympic and TWA, then Delta, flew this year-round for decades.

While that may be the case, unfortunately you said what you needed to say first. ATH is not an ideal market for long haul, and with the current economic climate I don't see how A3 or OA could generate enough feed to support the flight. They should focus on profitability and the generation of jobs first, they can't afford to waste money on prestigious long haul flights that don't generate profits. Maybe once the economic climate looks better on both sides of the pond things will change.

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RE: Will The EU Allow A3 To Buy OA This Time?

Mon Nov 26, 2012 4:58 am

Quoting OlympicATH (Reply 7):
Olympic and TWA, then Delta, flew this year-round for decades.

And I imagine, PA, also.
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mitris
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RE: Will The EU Allow A3 To Buy OA This Time?

Mon Nov 26, 2012 6:45 am

Quoting OlympicATH (Reply 7):
Delta does fly to Athens but the route is now seasonal (and not even for the whole summer season). Not to mention that they don't fly ATL-ATH anymore (which was always seasonal btw).

And let's not forget US Airways from Philadelphia during the summer as well.

Quoting LJ (Reply 5):
I hope they're not serious about trying to serve North America from ATH. AFAIK both UA and DL don't serve ATH yearround, thus I think it's safe to conclude that there is currenty no market for TATL flights in the winter.

As of now... But eventually year long direct flights to N. America will restart as soon as this economic mess gets some kind of control. Take example of Turkey. The country went bankrupt a few years ago (no wonder why they do not want to enter the EU anymore), and now Turkish Airlines are doing magnificent. A3 and OA are just taking initial steps.

As OlympicATH said "this is the first time since the 60s that Athens doesn't have a year-round flight to New York". It might take 5 or 10 years, but there's no way ATH will not have year long direct flights to the US and Canada.

[Edited 2012-11-25 22:50:07]
 
Viscount724
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RE: Will The EU Allow A3 To Buy OA This Time?

Mon Nov 26, 2012 10:28 pm

Quoting mayor (Reply 9):
Quoting OlympicATH (Reply 7):
Olympic and TWA, then Delta, flew this year-round for decades.

And I imagine, PA, also.

No, PA never had traffic rights at ATH until the last few years of their existence (mid-1980s sometime). The bilateral only permitted one US carrier to Greece until then and the U.S. government assigned those rights to TWA.

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