Wednesday, 23 August 2017

Greece: Olympic Air Begins Operations   
30 September 2009 | Olympic Air, the successor of Greece’s former flag carrier Olympic Airlines, began operating flights today with a reduced network of European routes.

Earlier this year Olympic Airlines was bought by the Marfin Investment Group, the largest Greek investment fund fir 177.2 million euro, thus ending a 35-year period of state ownership.

The new owners, according to national media, are committed to making the airline a competitive one, taking over 28 international and 26 domestic flight routes that used to be operated by the national air carrier.

Passengers who have tickets for Olympic Airlines flights after September 29 will be able to use them on Olympic Air flights without having to pay any extra fees, the new company said in a statement.

The airline, which employs 5,000 people, currently has a fleet of 32 aircrafts.

Olympic Air retained its predecessor’s 50-year-old logo, which was commissioned by the airline’s founder Aristotle Onassis. Although it resembles that of the Olympic Games, the airline’s logo – made out of six intertwined rings, is said to symbolise the five continents and Greece.

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