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Future Of Olympic Air?

Sat Jan 12, 2013 12:33 am

Hello All:

I have noticed that a few of OA's Airbuses are now ending up with other airlines, since their leases have been terminated. I am however curious if OA plans on getting any new Airbuses or maybe Boeings, and perhaps returning to JFK, and Canada? I remember reading about a possible merger between OA and A3, but was not sure if anything ever came of it. With that being said what is the future of OA?
ALL views, opinions expressed are mine ONLY and are NOT representative of those shared by Southwest Airlines Co.
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RE: Future Of Olympic Air?

Sat Jan 12, 2013 1:54 am

Still awaiting approval. Until then nothing will happen.

AEGEAN agrees with MIG to acquire OLYMPIC AIR

Aegean Airlines and Marfin Investment Group agreed today on the sale of 100% of Olympic Air to Aegean.
Following the completion of the transaction, Olympic Air will become a subsidiary of the listed Aegean. The brand names and logos of the two companies will be maintained and each will have distinct aircraft and flight staff. The unification of administrative, planning, purchasing and commercial functions will lead to substantial economies of scale, in buying power and elimination of duplicate systems. Fleet usage and network planning will be optimized to improve efficiencies and connectivity while improving coverage and product offer.

The deal is subject to approval by the Competition Authorities, a process which will also determine the timing of its execution.


As for longhaul we will not see that anytime soon. QR will have the market and it would be very difficult for A3 or OA to enter the market and make a profit once QR get established. Maybe they will do a codeshare with QR.

Qatar Airways has confirmed it will launch direct scheduled flights from Athens to New York from the middle of 2013.

As reported last week (click here), the airline will capitalise on fifth freedom rights on the new route, dovetailing with its Doha-Athens flights, which the airline claims is the premier intercontinental passenger route through the Greek capital. However, precise details of timings, schedules and aircraft type have yet to be uploaded into the airline's booking system.

Qatar started flights to Athens in 2004, increased them to double daily three years ago and continues to report strong demand, despite the Greek financial crisis.
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RE: Future Of Olympic Air?

Sat Jan 12, 2013 11:10 pm

It's sad to see OA gone. Such potential for success, yet thwarted at every turn.
I remember flying them, and they had great loads. Too bad the yield was poor, and
corruption plagued them.
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RE: Future Of Olympic Air?

Sat Jan 26, 2013 7:30 pm

Olympic air will be terminating its ATH-LCA-ATH route soon  Wow! quite a shocker really! this must have been one of their most profitable ones, despite the competition on the route. It is also rumored that they are going to end their Tel Aviv service. Olympic Air will surely be missed in Larnaca 
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RE: Future Of Olympic Air?

Sun Jan 27, 2013 1:28 am

Quoting VCy (Reply 3):
It is also rumored that they are going to end their Tel Aviv service.

The TLV situation has been kind of strange since OA re-entered the market. When they started it back up, you had them, as well as Aegean and El-Al, all leaving in a two-hour time frame. Then nothing for the rest of the day.

Currently, the schedule has improved, and not bunched up between will have all three carriers operating the route one day, and no flights the next. OA could do well.....IF they would do a little more thought, when it came to scheduling. Perhaps SKG-TLV, which A3 used to fly, but isn't doing so now, might be the alternative. Most of the Jewish people in Greece that travel between the two countries live in Salonika, and not Athens.