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SGR-2015-06 - To Zagreb 767-300ER.jpg
Founded in 2012 and started operations in 2014.
33 K Papadimitriou Street
Markopoulo Attiki, 19003, Greece.
June 2015: News Item A-1: SkyGreece Airlines (SGR) is a Greek airline headquartered in Markopoulo Mesogaias, Attica, Greece. (SGR) was founded in Athens, Greece in October 2012 by a team of Greek-Canadian entrepreneurs, who have extensive backgrounds in aviation and tourism. The company is a joint stock company, incorporated and headquartered in Athens, with offices also set up in New York City, Toronto, and Montreal (Laval).
The company's main mission is to connect Greek diaspora to their homeland by offering non-stop flights between Greece and North America, with eventual plans to offer flights to South Africa as well. Additionally, (SGR)'s aim is to offer "authentic Greek hospitality."
SkyGreece (SGR) is expected to commence its inaugural flights as soon as its certification is completed in Canada and the USA using 767-300ER airplanes.
(SGR)'s fist inaugural flight was on March 23rd 2014 to Toronto and Montreal. The first airplane was acquired in June 2013 and was a former Martinair (MTH) airliner.
(IATA) Code: GW. (ICAO) Code: SGR - (Callsign - SKYGREECE).
Company Slogan: Legendary Greek hospitality from take-off to landing!
Main Base: Athens international Airport.
Destinations: (SGR) serves destinations across North America: Montreal, New York (JFK), and Toronto, and the rest of the Greek diaspora.
News Item A-2: SkyGreece Airlines (SGR) formed a strategic alliance with the Bulgarian company BH Air (BGH). The aim of this alliance is to strengthen their role in the Balkans and in Eastern Europe. Since June 30th BH Air (BGH) has started flying between Athens and New York (JFK) on behalf of SkyGreece (SGR) with a sigle A330-200.
News Item A-3: SkyGreece Airlines launched its first long-haul service from Zagreb (ZAG) on June 24 to Toronto Pearson (YYZ). Flights will operate weekly on the city pair each Wednesday. The seasonal 7,070 km sector to Toronto becomes the first route to North America from the Croatian capital, and operates until October 12th. Commenting on the route announcement, Denis Codere, SkyGreece Airlines Deputy (CCO), said: “We shared our vision with the Zagreb Tourist Board, the Croatian National Tourist Board and Zagreb Airport to make Canada closer to Croatia, and we were extremely happy with the openness and the enthusiasm they truly demonstrated in bringing Canadians to discover the beauty of Croatia. We can assure all Canadians that Croatia is waiting for you with its rich history, beautiful scenery, young and active population, trendy lifestyle and the beautiful Adriatic Sea to discover.” The route faces no direct competition.
August 2015: Skygreece Airlines ((IATA) Code: GW, based at Athens International) (SGR) has temporarily suspended operations following a series of transatlantic flight cancellations that began last week and which have lasted until now.
(SGR) said that the Greek economic crisis has impacted its operations resulting in an immediate and dramatic reduction in ticket sales.
"Unfortunately, as a result of recent technical issues, (SGR) is now facing a system-wide multi-day delay and significant additional expenses," it said. "As a result, SkyGreece (SGR) management regrets to announce that it must temporarily cease all operations. (SGR) expects to resume operations soon."
Owned by Greek-Canadian interests, (SGR) launched in May this year with flights between the Balkans and Canada using a single 767-300ER. The airplane is currently parked at Toronto Pearson following its last arrival there on August 25.
September 2015: Skygreece Airlines (SGR) is set to file for bankruptcy protection in Canada, roughly two weeks after it announced it had temporarily suspended operations. The filing will protect the company and its assets from creditors and others during the course of the restructuring of its financial affairs and operations. Financial services firm, Ernst & Young Inc (EY) has been appointed as the trustee and will monitor and assist the company during the process.
"It was determined by the company’s board of directors that as a result of the company’s current financial situation, seeking protection under the Bankruptcy & Insolvency Act (BIA) (Canada) would be in the best interests of the company and all of its stakeholders," (SGR) said. "This was a very difficult decision for SkyGreece (SGR)."
(SGR) said the Greek economic crisis had impacted its operations resulting in an immediate and dramatic reduction in ticket sales. In addition, recent technical issues with its sole airplane, a 767-300ER, had resulted in the airline incurring significant additional expenses, it said.
ACCORDING TO "AIRLINER WORLD" IN http://www.airlinerworld.com
IN 2015, SKYGREECE AIRLINES WAS LISTED AS ONE OF THE AIRLINE FAILURES
ACCORDING TO THE GLOBAL AIRLINE GUIDE.