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Olympic Air: Strategic Partnership With 4 Airlines

MIGs head blasted against Aegean Airlines in a press conference on Thursday.

Andreas Vgenopoulos said that the basis on which Olympic Airs competitor launched a Thessaloniki-Istanbul route, a memorandum of understanding, abolishes the laws, given that there is a bilateral agreement in place, based on which Olympic Airlines holds the rights for this route.

Meanwhile, Olympic Air will form a strategic partnership with Delta Airlines, KLM, Etihad and Cyprus Airways, CEO Antonis Symigdalas said Thursday at a press conference.

He noted that the companys investment plan exceeds $1.1 bil.

Ministry of Transport said yesterday that the privatisation process of Olympic Airlines proceeds smoothly and Olympic Air is expected to start operating by the end of September.

Olympic Air’s fleet will comprise, according to our current business plan, of thirty-two (32) aircraft of which sixteen (16) are Airbus 319 and 320, ten (10) are Bombardier Q400, five (5) are Bombardier Dash 100 and one is an ATR – 42. On 1 October, 21 aircraft will be already available while by 1 November this number is expected to increase to 25 with the rest to come within a short period of time thereafter, an announcement said.
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