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14 Facts About Olympic Air

1.

Olympic Air S A is a regional airline, a subsidiary of the Greek carrier Aegean Airlines.

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2.

Olympic Air ordered eight new next-generation Bombardier Q400 during the 2009 Paris Air Show, four of which will be the Q400 NextGen, that are set to cover domestic and Balkan routes and will start being delivered in July 2010.

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3.

Olympic Air planned to employ around 5,000 staff, some of which include the 8,100 staff employed under the state carrier, with new negotiated contracts.

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4.

Olympic Air further noted that the ground-handling unit was already profitable.

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5.

Olympic Air further stated that if things go well, he predicts the airline will break even in 2011.

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6.

On 6 December 2009, Olympic Air announced that it has been chosen as the official carrier of the Hellenic Olympic Committee for three years from 2010 to 2012.

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7.

In 2011 Olympic Air announced the start of a premium economy service on its fleet of Bombardier Q400 aircraft for domestic and selected international flights, in addition to its business class service.

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8.

Furthermore, Olympic Air Ground Handling and Olympic Air Engineering would become 100 percent subsidiaries of the new company.

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9.

Olympic Air further went on to say that merging with Olympic Air is a matter of viability, driven by "economic and business realities".

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10.

Olympic Air was praised for operating 190 daily flight within two months of starting operations, despite having been re-launched during an extreme economic crisis in Greece and against a backdrop of a troubled past.

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11.

European Commission sources said that Aegean Airlines' second attempt to buy Olympic Air would be approved by the Commission; it was understood that Olympic Air would be forced into bankruptcy proceedings if the merger was not allowed to go ahead.

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12.

Olympic Air had been loss-making since its creation in 2009 until its takeover by Aegean.

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13.

Olympic Air used to have codeshare agreements with various carriers including Delta Air Lines, Etihad, TAROM and KLM.

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14.

Olympic Air launched operations with a mix of Airbus A320 family jets and Bombardier Dash 8 aircraft.

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