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Airlines

Name: OLYMPIC AVIATION
7JetSet7 Code: OLA
Status: Currently Not Operational
Region: EUROPE
City: ATHENS
Country: GREECE
Employees 575
Web: olav.gr
Email:
Telephone: +30 (1) 936 26 81
Fax: +30 (1) 936 34 73
Sita: ATHBQOA
Background
(definitions)

Click below for data links:
OLA-NEWS -DHC-8-102
OLA-VISIT GREECE-1
OLA-VISIT GREECE-2
OLA-VISIT GREECE-3
OLA-VISIT GREECE-4

STARTED OPERATIONS IN 1971. DOMESTIC, REGIONAL & INTERNATIONAL, SCHEDULED AND CHARTER, PASSENGER & CARGO, JET AIRPLANE SERVICES.

GREECE (HELLENIC REPUBLIC) WAS ESTABLISHED IN 1822, COVERS AN AREA OF 131,957 SQ KM, ITS POPULATION IS 10.5 MILLION, ITS CAPITAL CITY IS ATHENS, AND ITS OFFICIAL LANGUAGE IS GREEK.

JANUARY 1999: REGIONAL AND DOMESTIC SUBSIDIARY (100%) OF OLYMPIC AIRWAYS (OLY).

1998 = 378.10 MILLION (RPM) PASSENGER TRAFFIC (384.68 MILLION), 499.54 MILLION (ASM) CAPACITY (498 MILLION), 1.41 MILLION PASSENGERS (PAX) (1.43 MILLION).

TO 46 DOMESTIC AND 13 INTERNATIONAL DESTINATIONS.

HUB: THESSALONIKI (SKG).

MAY 1999: BECOMES EUROPEAN LAUNCH CUSTOMER WITH 2 ORDERS 717-200'S FROM BAVARIA INTERNATIONAL AIRCRAFT LEASING (BAV).

JULY 1999: 2 ORDERS 717-2K9'S, BAVARIA (BAV) LEASED.

JANUARY 2000: 2 717-2K9'S, BAVARIA (BAV) LEASED, DELIVERIES.

APRIL 2000: 575 EMPLOYEES (INCLUDING 126 FLIGHT CREW (FC), 64 CABIN ATTENDANTS (CA), & 163 MAINTENANCE TECHNICIANS (MT)).

JULY 2000: POSSIBLE 3RD 717-200.

JANUARY 2001: 1 717-23S (55065, SX-BOC), PEMBROKE (PEB) LEASED.

FEBRUARY 2002: 1ST "2C" CHECK ON 717 (5015) AT THESSALONIKI.

October 2002: Irakleion - Larnaca (ATR42, 2/week).

December 2002: 2 ATR42-320's (291, SX-BIM "Kostas Tsiklitiras;" 337, SX-BIN "Spyros Louis"), ATR leased.

February 2003: In March 2003, Corfu - Preveza - Kefallinia - Zakynthos, Rhodes - Kos - Astypalaia, Siteia - Alexandroupolis/Preveza - Athens (daily).

April 2003: As a domestic and regional subsidiary of Olympic Airways (OLY), Olympic Aviation (OLA) operates charter and scheduled flights to 46 domestic and 13 international destinations. Also carries out air taxi, cargo, VIP, and aerial filming tasks as well as emergency medical flights.

Parent organization/shareholders: Olympic Airways (100%).

September 2003: The government states Olympic will be restructured and reborn as a streamlined, debt-free Olympic Airlines (OLY). It will take off with a share capital of EUR 140 million/$152.9 million. Transport Minister, Christos Verelis expects the new company to be "viable" in its 1st year of operations. The revamp would entail the consolidation of Olympic Airways (OLY), Olympic Aviation (OLA), & Macedonian Airlines (MDA) into a single entity that would employ 1,850 staff and be engaged solely in the core business over its current intnl and domestic network. Labor costs for the new Olympic would decline by -45% by virtue of spinning off cargo activities, ground operations, and technical services to the remnants of the former Olympic, who employed 5,000. Potential buyers are being sought for 51% of the airline. The carrier's accumulated debt reached EUR 512 million/$562.1 million according to its 2002 report.

October 2003: 2 DHC-8-102's (330; 361) deliveries.

December 2003: The new Olympic Airlines (OLY) is the integration of the Flight Operations division of Olympic Airways (OLY) with Olympic Aviation (OLA) and Macedonian Airlines (MDA). Its new fleet consists of 3 717's, 17 737's, 3 A300's, 4 A340-300's, 13 ATR42/72's, and 4 Dash 8's.

September 2008: The European Commission (EC) gave its approval to the Greek government plan to privatize and restart Olympic Airlines (OLY) as "Pantheon Airways" next year http://www.atwonline.com/news/story.html?storyID=14042 (September 17), but it also demanded that Olympic (OLY) return 850 million/$1.2 billion in state aid. The (EC) VP Transport, Antonio Tajani called the funding "incompatible with European legislation." The privatization plan could face opposition from the carrier's labor unions, which have threatened to fight it.

Fleet:
(definitions)

Click below for photos:
OLA-717-2K9
OLA-717
OLA-717-A

June 2014:

2 717-2K9 (BR715) (5015-55056, /99 SX-BOA "ANDROMEDA;" 5016-55053, /99 SX-BOB "KASSIOPI"), (BAV) LSD 25C, 80Y.

1 717-23S (BR715) (5048-55065, /00 SX-BOC "IRIDANOS"), (PEB) LSD 2001-01, 25C, 80Y.

4 ATR42-320 (PW121) (169, /90 SX-BIA "PLATON"), 50Y.

2 ATR42-320 (PW121) (291, /92 SX-BIM "KOSTAS TSIKLITIRAS;" 337, /93 SX-BIN "SPYROS LOUIS"), ATR LSD 2002-12. 50Y.

7 ATR72-202 (PW124B) (239, /91 SX-BIE "THALES"), 68Y.

0 FAIRCHILD DORNIER 228-200 (TPE331-5-252D) (8030, /84 SX-BHC "ISLE OF LEROS"), ALL 6 RTND BY 2003-07. 18Y.

3 DHC-8-106 (330, SX-BIO, 2003-10; 347, SX-BIP, 2003-10; 355, SX-BIS, 2003-10; 361, SX-BIQ, 2003-10), TYROLEAN LSD. 355 RT5ND 2004-02.

2 DHC-8-202 (463; 536), AUGSBURG AWYS LSD 2003-07.

Management:
(definitions)

PANAIOTIS MAVROKEFALOS, CHAIRMAN (2001-03).

DR PETROS STEFANOU, CHIEF EXECUTIVE OFFICER (CEO).

CAPTAIN ALEX THANOPOULOS, GENERAL DIRECTOR FLIGHT OPERATIONS (ATHQVOA).

CAPTAIN EMANUEL FROUDARAKIS, CHIEF PILOT.

CAPTAIN C TSENTZOS, CHIEF PILOT 717.

CAPTAIN JOHN MITSOTAKIS, FLIGHT SAFETY OFFICER (ATHBJOA), (bark@olav.gr).

NIKOLAS DEMENAGAS, TECHNICAL DIRECTOR (ATHBDOA) (ndemenagas@olav.gr).

ALEX KOUVARITAKIS, ENGINEERING DIRECTOR.

ANTONIUS ALIFRAGIS, QUALITY CONTROL (QC) DIRECTOR (1999-04).

NIKOS GALANOPOULOS, DIRECTOR FLIGHT ACADEMY.

CAPTAIN CHRIS TSENTZOS, FLEET MANAGER (ATHQVOA) (2000-03.

 
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