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Olympic Airlines

Olympic Airlines
Olympic Airlines

largest Greek investment fund, thus ending a 35-year period of state ownership.

History
The Start of Olympic
IATA OA ICAO OAL

Founded Hubs Focus cities Frequent flyer program Member lounge Fleet size Destinations Parent company Headquarters Key people

The origins of Olympic Airways was in 1930, when the first predecessor airline was established. The airline was called Icarus 1957 but after just a few months went bankrupt due to financial problems and limited Greek Athens International Airport interest in air transport. G.C.A.T./Ε.Ε.Ε.Σ. Thessaloniki International Airport, (Greek Company for Air Transport/Ελληνική "Macedonia" Εταιρεία Εναέριων Συγκοινωνιών) took its Icarus Frequent Flyer Program place. At the same time, in 1935, a second airline was created, the privately owned T.A.E. (Technical and Aeronautical Exploitations/Τεχνικαί Αεροπορικαί Εκμεταλλεύσεις). Olympic Airways "Melina Merkouri", "Aristotle Onassis" lounges Soon after the World War II, in 1947, three airlines were based in Greece: T.A.E., G.A.T./ 39 ΕΛΛ.Α.Σ. (Greek Air Transport/Ελληνικαί 78 Αεροπορικαί Συγκοινωνίαι) and Hellenic Airlines/Α.Μ.Ε. (Αεροπορικαί Μεταφοραί Olympic Airlines S.A. Ελλάδος).
Callsign OLYMPIC Athens, Greece Pyrros D. Papadimitriou (Chairman CEO)

Website: http://www.olympicairlines.com/

The first logo of Olympic, in 1957 In 1951, the poor financial state of all three airlines led to a decision by the Greek state to merge them into one, TAE Greek National Airlines. The new airline faced serious financial problems so the government closed it down in 1955. There was no interest in buying the airline so the Hellenic State bought the company back. In July 1956 an agreement was made between the Hellenic State and Greek shipping-magnate Aristotle Onassis to sell the company. The company flew under the name T.A.E. until the end of the year and for the first few months of 1957, when, on 6 April 1957, Olympic Airways (Ολυμπιακή Αεροπορία/Olympiaki Aeroporia) was born.

Olympic Airlines (Greek: Ολυμπιακές Αερογραμμές, Olympiakés Aerogrammés OA) is the flag carrier airline of Greece, based in Athens. It operates services to 35 domestic destinations and to 39 destinations world-wide. Its main base is Athens International Airport, with hubs at Thessaloniki International Airport, "Macedonia" and Rhodes International Airport, "Diagoras".[1] By December 2007, the airline employs about 8,500 staff.[2] Olympic Airlines is also accredited by IATA with the IOSA (IATA Operational Safety Audit) for its safety practices.[3] On March 6th, 2009, the Greek State announced it had reached an agreement to sell the Flight Operations and Technical Base of the Group to Marfin Investment Group, the

Olympic in the 1960s
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The new company developed rapidly. In 1960 the first jet aircraft of OA entered into service, the De Havilland Comet 4B. At the same time, Olympic and British airline BEA agreed to create the first codeshare flights. Later on, the companies expanded their cooperation. When Hellenic crews had to spend their night in London, British crews would fly the Greek Comets to BEA destinations, and the same with Greek crews and British Comets. On all BEA and OA Comets, there would be a "BEA-OLYMPIC" sign. Also in 1962 Olympic set a new time record operating a COMET 4B on the route London-Athens nonstop for 2 hours and 51 minutes. In 1965, Olympic placed its first orders for the Boeing 707-320 jet aircraft. The first was delivered in 1966, bearing the name "City of Athens". The nonstop route Athens - New York City (JFK Airport) was the first to be launched. In 1968, the first routes to Africa were launched, with OA operating twice a week the flight Athens-Nairobi-Johannesburg and OA received the first Boeing 727-200 jet aircraft. In 1969, OA launched the route Athens-Montreal-Chicago and phased out the Comet 4Bs.

Olympic Airlines
On 22 January 1973, an incident occurred that dramatically changed the future of OA. The death of Aristotle Onassis’ son, Alexander, in a plane crash came as a shock to the Greek people and a new phase began for Olympic Airways. A few months later, Onassis sold all of the OA shares to the Greek state and died shortly after (in 1975). In 1976, under state management, OA purchased eleven Boeing 737-200 jet aircraft and created Olympic Catering, which served both OA and foreign airlines. In 1977, in a cost-cutting effort, OA shut down the Australia route, followed by the Canadian one in 1978, when OA also placed orders for four Airbus A300, plus four options.

Olympic in the 1980s, 1990s, 2000s
In 1984, three more B747-200 aircraft were purchased from Singapore Airlines, and the Canada and Australia routes were reopened. A new Olympic Airways Cargo division was created, by converting the Boeing 707-320 "City of Lindos", but the plans were soon abandoned. In 1986, there were strikes at OA, and financial losses mounted. The company has faced serious financial trouble since the 80s, mostly because of management problems. Greek politicians and their families travelled free on the airline or for token amounts. Greek governments also made Olympic carry the press with a 97% discount. Olympic AirTours (Ολυμπιακή Τουριστική) was created as a subsidiary of OA, which issues tickets not only for OA, but for other airlines as well. Very soon, Olympic AirTours was renamed Macedonian Airlines and reestablished as a charter flight company.

Olympic in the 1970s
In 1971, OA purchased the new NAMC YS-11 turboprop aircraft to replace the ageing Douglas DC-3 and Douglas DC-6, used throughout the domestic network of the company. In 1971, Olympic Aviation/Ολυμπιακή Αεροπλοϊα was created, so that the Greek islands could be more efficiently served. In 1972 Greece was linked to Australia for the first time. Olympic operated the route Athens-Bangkok-Singapore-Sydney twice a week with a Boeing 707-320. Olympic then purchased seven Boeing 720-051B jet aircraft, a derivative of the Boeing 707, and two Boeing 747-200 OA was also interested in the supersonic aircraft BAC-Aerospatiale Concorde. On January 5, 1973, a Concorde landed at Athens International Airport for a demonstration.

The former Olympic Airways logo

Boeing 737-400

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Olympic Airlines
declared illegal by the European Commission in December 2005. In 2005, the Greek Government looked for potential buyers to privatize OA. In April of that year, a short list of potential buyers was submitted that included Aegean Airlines, German LCC DBA and a Greek-American consortium called Olympic Investors.[4] Shortly afterwards Aegean Airlines pulled out, followed by DBA. In September 2005, the Greek government signed a non-binding agreement with Olympic Investors to buy the airline.[5] In an interview, Olympic Investors stated that they were backed by York Capital with 6.5 billion Dollars and assured that OA’s workers would not lose their jobs. They also stated that the airline would open up new long haul routes, including Baltimore, hire more staff, and upgrade the fleet. They stated that OA should continue to operate as an integrated company and that they weren’t interested in buying just parts of OA. By the end of the year, the offer fell through because the huge fine imposed on the airline by the European Commission hadn’t been dealt with.

Airbus A340-300 In 1990 a route to Tokyo via Bangkok was launched but Olympic was soon forced to shut it down, despite very high load factors (95%). Olympic purchased seven Boeing 737-400 aircraft in 1991, as well as the advanced version of the A300, the A300-600R. Due to the rising losses and debts, the government decided to formulate a restructuring program in which all debts were erased. This program, as well as all the plans that followed, failed. A few years later, in an attempt to make OA profitable, its management was given to the subsidiary of British Airways, Speedwing. The result was even larger debts and rising losses. In 1999, Olympic purchased four Airbus A340-313X aircraft, to replace the ageing B747-200.

Olympic Airways to Olympic Airlines
Very soon the losses became excessive, so in 2003 the government decided to restructure the Olympic Airways Group of Companies. The subsidiary, Macedonian Airlines S.A., was renamed Olympic Airlines S.A. and took over the flight operations of Olympic Airways, erasing at the same time all of the airline’s debts. The remaining group companies, except for Olympic Aviation (Olympic Airways, Olympic Into-Plane Company, Olympic Fuel Company, Olympic Airways Handling and the Olympic Airways Technical Base), merged and formed a new company, called Olympic Airways - Services S.A.. In December 2004, the Greek government decided to privatize Olympic Airlines, but the sale process ended in failure as none of the buyers were eager to repay the Greek state the almost 700 million euro in state aid Airbus A300B4-600R According to Greek media, the government planned to relaunch the company in late 2006.[6] The code name for the project was "Pantheon Airways". In June 2006, Greek media reported that "Sabre Aviation Consulting Services" was contracted by the Greek government to find investors, and would develop a business plan for an airline to replace Olympic Airlines, aiming to start operating in autumn 2006. Under this plan the government would be a minority shareholder of the new carrier, which would be run as a private airline. The planned re-launch date passed without anything happening, and it appears the plan was frozen. However, Pantheon Airways still exists.

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In 2006 OA was thrown a life line, when the courts ordered Greece to repay them almost 564 million euro owed to the airline. The money was owed to OA from legally subsidized routes to Greek islands and costs of the relocation to the new airport. The money would be used to pay back part of the State aid declared illegal by the European Commission in December 2005.[7] Olympic Airlines re-designed their website to introduce the eticket service, launched on July 31 2007, in response to the surge of online booking and online check-ins. The e-ticket service introduction by EDS meant Olympic abolished their old "Hermes" booking system, which had served the company for more than two decades. As of November 2007, the e-ticket service is available on all European and International routes, and on 19 of the airline’s 37 domestic routes.[8] On September 12, 2007, OA won a legal battle with EU Regulators. The Luxembourgbased court ruled that Greece must pay back most, but not all of the money The European Commission had demanded them to repay. The court found that the Commission had failed to prove that some of the funds violated EU state aid rules. Those funds included unpaid taxes on fuel and spare parts, as well as unpaid fees to Athens International Airport. The new amount owed by Olympic was €130 million, as compared with the original €160 million.[9]

Olympic Airlines
sale stopped because of EU penalties and that they were confident they would be resolved. They also stated that they believed the Greek Government would move quickly to privatize OA after the elections on September 16, 2007. In November 2007, Irish airline Ryanair filed a suit with the European Commission, saying it had not looked into its claims that Olympic had not paid back its debt. On December 01, 2007 transport minister Kostas Hatzidakis announced that the entire Olympic Airways Group debts amounted to 2 billion euro, and that the airline in its present form and size would cease existing in 2008.[11] This seemed to be the only way for the European Commission to write off the company’s debts to the Greek public sector. He stated that Athens was under more pressure to recover the money Olympic owed, thanks to the Ryanair lawsuit.[2]

The Future of Olympic

Airbus A340-300 On September 16, 2008 the Greek Government announced a major restructuring, stating that a new private airline under the name "Pantheon Airways" would launch in October 2008. Pantheon would operate parallel to Olympic Airlines until April 2009, when Olympic Airlines will shut down and Pantheon will take over a portion of its routes. Pantheon would then be renamed with "Olympic" being in the name, while Olympic’s rings will also be used. The new Olympic would be freed of the old Olympic’s debts. The number of jobs at the airline is supposed to shrink from 8000 to 1000 workers. However, as of November 2008 no change in branding has been executed and if Pantheon airlines does exist it appears to operate only as a financial entity. Despite all predictions, traffic for Olympic in 2007 increased, carrying a total of

ATR 72-202 On that same day Olympic Investors, the Greek-American consortium that was interested in buying Olympic in 2005, stated renewed interest in buying the airline.[10] Olympic Investors stated that the previous

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5,977,104 passengers (3,115,521 in domestic and 2,681,583 in international flights) as opposed to approximately 5,500,000 passengers in 2006. It is estimated that OA earned approximately 780 million euro in 2007, 500 of which came from international flights.[12]

Olympic Airlines
Chrysler Aviation was in the financial position to support its bid. On March 6th, 2009, after hours of negotiations, Development Minister Kostis Hatzidakis announced the sale of the flight operations and the technical base companies to MIG. The negotiations with Swissport will continue for another week, when a commercial agreement between MIG and Swissport is finalised. As a result, after 35 years of state control and 10 years of failed sale attempts, Olympic will once again become a private corporation. The new owners will secure approximately 5000 of the 8500 jobs of the Group.

ATR 42-320 In 2008 due to lack of aircraft Olympic airlines has cancelled or merged a significant number of flights, about 6,000 according to its own union (as of August 26 2008). Olympic airways officials have declared that this is not the major problem since "after all the income reduction is only 4-5 million euros compared to the initial budget plan". [13] On February 2009, an international tender concerning the sale of the three companies of the Olympic Airlines Group (Flight Operations, Technical Base, Ground Handling Operations) collapsed, as the offers presented by the candidates were deemed not satisfactory by the government. After the collapse of this attempt to sell the company, former Transport Minister Kostis Hatzidakis (now Minister for Development, still handling the O.A. Group sale process) extended an invitation to financial groups to proceed to direct negotiations for the sale of the Group. First to respond was the Marfin Investment Group (MIG), the largest investment fund of Greece, submitting an offer to buy the flight operations and technical base of the Group. Also, Swissport submitted an offer to buy the ground handling operations. After three weeks of negotiations with MIG, on March 4th, 2009, Aegean Airlines and Greek-American consortium Chrysler Aviation, also submitted offers to buy the Group. However, Aegean Airlines’ offer was not accepted as the new airline would control over 95% of domestic routes, while the government’s financial advisors could not determine whether

Olympic Airways Group of Companies (April 1957 - December 2003)
By December 2003, the Olympic Airways Group of Companies owned Olympic Airways (Ολυμπιακή Αεροπορία), Olympic Aviation (Ολυμπιακή Αεροπλοϊα), Macedonian Airlines (Mακεδονικές Αερογραμμές), Galileo Hellas (Γαλιλλαίος Ελλάς), Olympic Fuel Company (Ολυμπιακή Εταιρεία Καυσίμων), and Olympic Into-Plane Company. Olympic Catering had been sold a few months earlier. A company formed in the 80s called Olympic AirTours (Ολυμπιακή Τουριστική) had already been transformed into Macedonian Airlines.[14]

Incidents and accidents
• 29 October 1959: A Douglas Aircraft Company DC-3 crashed near Athens, Greece. All 15 passengers and all 3 crew members perished. • 8 December 1969: A Douglas DC-6 crashed near Keratea, Athens, Greece. All 85 passengers and all 5 crew members were killed. • 18 February 1972: An Olympic Aviation Learjet crashed off the coast of Monte Carlo. Both crew members were killed. • 21 October 1972: A NAMC YS-11 crashed off the coast of Voula, Athens, Greece drowning 36 passengers and 1 crew member , while 16 passengers and 3 crew members were rescued. • 23 November 1976: A NAMC YS-11 crashed near Kozani, Greece. All 46 passengers and 4 crew members perished.

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Olympic Airlines Fleet Aircraft Airbus A320 Total Passengers Routes 2 180 (LZMDA) 162 (SXBVL) 295 Europe

Olympic Airlines

Notes operated by Air VIA (LZ-MDA) and Hellas Jet (SXBVL)

Airbus 4 A340-313X

Europe (London and Paris), North America (Montreal, New York, Toronto)[16][17][18][19] and South Africa (Johannesburg) Domestic 2 leased from ATR Asset Management

ATR 42-320 ATR 72-202 Boeing 737-300 Boeing 737-400

7

50

7 1 16

68 138 150

Domestic, Balkan region Europe Domestic, Europe and Middle East 4 leased from ILFC 1 leased from Aviation Capital Group 1 leased from Oasis International Leasing (BMC)

De Havilland Canada Dash 8-102 Total

4

37

Domestic

41 Olympic Airlines has previously operated the following fleet:

• 4 January 1998: A passenger on Olympic Airways Flight 417 died following a reaction to cigarette smoke.[15] • 3 August 1989: An Olympic Aviation Shorts 330 crashed near Samos Airport, Greece. All 31 passengers and 3 crew members were killed.

Naming of O.A. Aircraft
Naming of the aircraft of Olympic Airways (and now Olympic Airlines) is as follows: • Airbus A300-600: Locations of Greece (Athina/Αθήνα, Makedonia/Μακεδονία, Creta/Κρήτη) • Airbus A300-B4: Heroes of the Trojan War (Nestor/Νέστωρ, Telemachus/Τηλέμαχος, Odysseus/Οδυσσεύς, Achilleus/Αχιλλεύς, Neoptolemus/Νεοπτόλεμος, Peleus/Πηλεύς, Diomedes/Διομήδης, Ajax/Αίας, Idomeneus/Ιδομενεύς) • Airbus A340: Historic Locations of Ancient Greece (Delphi/Δελφοί, Olympia/Ολυμπία, Marathon/Μαραθών, Epidaurus/Επίδαυρος)

Destinations
Further information: destinations Olympic Airlines

Fleet
The Olympic Airlines fleet consists of the following aircraft (as of 24 January 2009) [3]: The average fleet age is 16.2 years.

Previously operated
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Olympic Airlines/Airways Retired Fleet Aircraft Douglas DC-3 Douglas DC-4 Total Passengers Routes 14 28 Notes

Olympic Airlines

Short haul Previously flew with TAE Greek National Domestic Airlines) and Balkans Short and medium haul Domestic and Europe

2

Douglas DC-6

13

66 (1958), 95 (1967)

Short and medium haul Domestic and Europe

3 were leased from U.A.T.

DeHavilland 6 Comet 4B

147 (1966), Medium 2 leased from BEA (BEA-OLYMPIC) 165 (1968) haul Europe, Middle East 147 (1966), Long and 165 (1968) medium haul Europe, North America, Africa, Australia 105 Short and Medium haul Greece and Europe Short and medium haul Domestic, Europe and Middle East Short and Leased from Boeing Medium haul Domestic, Europe and Middle East 146 Short and 1 leased from Safair Medium haul Domestic, Europe and Middle East Short and Medium 4 leased from Aviation Sales Company 2 leased from Bavaria, 1 leased from Pembroke Capital (BOC)

Boeing 707-320

8

Boeing 717-200

3

Boeing 720-051B

7

160

Boeing 727-30

2

Boeing 727-200

10

Boeing 737-200

15

123

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haul Greece and Europe Boeing 737-300 5 138

Olympic Airlines

Short and 5 leased from Hola Airlines, 1 leased from Medium Boullioun Aviation haul Domestic, Europe and Middle East Short and Medium haul Domestic, Europe and Middle East 1 leased from Hola Airlines, 1 leased from Pembroke Capital, 1 leased from Oasis International Leasing, 1 leased from ILFC, 1 leased from GECAS

Boeing 737-400

5

150

Boeing 747-100

1

Long haul Leased from GPA in 1986 North America, Africa, Australia, Asia 426 Long haul 1 leased from Air Atlanta for the 2004 Olympic North Amer- Torch Relay (ARO) ica, Africa, Australia, Asia Short haul Domestic and Island services Short haul Domestic and Island services Short haul Domestic and Island services Short haul Domestic and Island services Short haul Domestic and Island services 2 leased Leased

Boeing 747-200

5

Britten Nor- 15 man BN2 Islander NAMC YS-11 10

9

64

2 leased from NAMC

Dornier Do 228

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18

2 leased from Dornier

Shorts 330

6

30

Shorts Skyvan

4

18

Airbus A300 • ATR 42: Philosophers of Greece: (Plato/Πλάτων, Socrates/Σωκράτης, Aristotles, Pythagoras) • ATR 72: Scientists of Ancient Greece: (Thales, Hippocrates, Demokritus, Homer, Herodotus, Archimedes) • Boeing 707: City-States of Ancient Greece (City of: Athens (Πόλις των Αθηνών),

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Lindos (Πόλις της Λίνδου), Thebes (Πόλις των Θηβών), Pella, Mycenae, Corinth, Knossos, Sparta) Boeing 720: Rivers of Greece (Axios River, Strimon River, Acheloos River, Pinios River, Evros River, Aliakmon River, Nestos River) Boeing 717: Constellations (Iridanos/Ηριδανός, Kassiopi, Andromeda) Boeing 727: Mountains of Greece (Mount Olympus/Όρος Όλυμπος, Mount Parnassus/Όρος Παρνασσός, Mount Menalon, Mount Vermion, Mount Dirfis, Mount Pindos, Mount Helicon, Mount Athos, Mount Taygetus) Boeing 737-200: Ancient Gods and Heroes: (Hercules, Apollo, Hermes, Hephaestus, Dionysos, Poseidon, Phoebus, Triton, Proteus, Nereus, Atlas) Boeing 737-400: Cities of Macedonia (Vergina, Olynthos, Philippi, Stagira, Dion, Amphipoli, Pella) Boeing 747: "Olympic Aircraft" (Olympic Zeus/Ολύμπιος Ζεύς, Olympic Eagle/ Ολύμπιος Αετός, Olympic Spirit/Ολύμπιο Πνεύμα, Olympic Flame/Ολύμπια Φλόγα, Olympic Peace/Ολυμπιακή Εκεχειρία) DeHavilland Comet 4B: Members of the Greek Royal Family (Princess Sophia, Queen Sophia, Queen Frederica, Queen Olga) Dornier 228: Islands of Greece (Island of:Leros, Skyros, Kasos, Astypalea, Amorgos, Kythira, Karpathos) Douglas DC-6: Islands of Greece (Island of: Rhodes, Kerkyra, Crete, Lesvos, Chios, Limnos, Samos, Kos) NAMC YS-11: Islands of Greece (Island of:Kephalonia, Ithaca, Samothraki, Zakynthos, Delos, Andros, Kalymnos, Milos) Shorts 330: Islands of Greece (Isle of: Patmos, Kastelorizo, Paros, Naxos, Milos, Tinos) Shorts Skyvan: Islands of Greece (Island of: Mykonos, Skiathos) Islander: Islands of Greece (Island of Kithira/Νήσος Κύθηρα, Island of Karpathos/Νήσος Κάρπαθος) Aerospatiale Super Frelon:(Hermes/Ερμής)

Olympic Airlines
letters. The first of the three letters shows the number of engines (B: Two engines, C: Three engines, D: Four engines). The second letter shows the type of the aircraft (A: Douglas DC-3, etc.) and the third is the number of the aircraft in letters. Some exceptions are the Boeing 747 (where the first two letters are the IATA designator of Olympic: OA) and the Learjet 25 SX-ASO (which stands for Onassis’ initials: Aristotle Socrates Onassis)

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Corporate Design
The Logo of Olympic
According to the Olympic Airways archives, the first logo of the airline was a white eagle, bearing much resemblance to a propeller, featuring five rings and the name Olympic. Just two years after the first flight, Onassis asked his associates to design a new logo and the coloured rings were created. Onassis wanted to copy the five coloured rings of the Olympic emblem, but the International Olympic Committee claimed the rights to the emblem, so a new, six ring logo was introduced. The first five rings stand for the five continents, while the sixth stands for Greece. Colours used were yellow, red, blue and white.

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Other
• The Olympic name came as a result of Onassis’ passion for ancient Greece. Many of his companies carried the Olympic name such as Olympic Maritime. He followed the same naming pattern for his ships (with names such as "Olympic Legacy", "Olympic Palm", "Olympic Explorer", etc.) • According to OA regulations, all male flight attendants must wear a black tie, thus paying tribute to the late Alexander Onassis. • Uniforms for OA flight attendants were created by famous fashion designers. The first uniform was designed by Jean Desses in 1957,followed by the second uniform designed in 1966 by Coco Chanel. Then in 1969 Pierre Cardin designed the third, which was replaced by a Giannis Tseklenis uniform in 1971. Later, Roula Stathi designed a new uniform which was used from 1976 until 1981, when the Greek fashion designer Billy Bo (Μπίλλυ

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Aircraft Registrations
The registration of all Olympic aircraft is a two-letter Greek prefix SX- and three more

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Μπο)designed a new one[20]. After Billy Bo, followed Aspasia Gerel (1987), Makis Tselios (1992) and Artisti Italiani (1998).

Olympic Airlines
interested, expects quick sale after elections [11] Hatzidakis’ Fresh Assurances [12] Olympic fights back (in Greek) [13] [1] [14] Olympic Airways old website (Wayback Machine) [15] [2] [16] Olympic Airlines S.A. (H.Q.) (OA) [17] A340 at Pearson [18] Flight photo Montreal [19] Flight photo JFK [20] To Vima online Φρίντα Μπιούμπι. Οι τίτλοι μιλάνε από μόνοι τους: «Και το όνειρο πάγωσε» (η ζωή και ο θάνατος του σχεδιαστή Μπίλλυ Μπο) (Frieda Bioubi. The titles speak for themselves. And the dream turned cold (The life and death of fashion designer Billy Bo). To Vima online translation by Google Quote: Bioumpi Frinta...«And the dream froze» (the life and death of Billy designer Bo)..[sic]

References
[1] "Directory: World Airlines". Flight International: p. 58. 2007-04-10. [2] ^ Olympic ’facing difficult future’ [3] Olympic Airlines IOSA Operators Profile [4] http://www.luchtzak.be/article8367.html [5] Olympic Investors interested in Olympic Airlines as one company, its founder says [6] Globe Merchant Travel Blog » Blog Archive » Pantheon Airways: a future new airline on the ashes of Olympic Airlines [7] Greece’s Olympic Airlines wins cash reprieve from court - Business International Herald Tribune [8] Δελτία τύπου & νέα των Ο.Α (Τρέχον Τρίμηνο) [9] EU court rules on Greek subsidies to Olympic Airlines - International Herald Tribune [10] FT.com / Mergermarket - Olympic Airlines: Olympic Investors still

External links
• Official website

Retrieved from "http://en.wikipedia.org/wiki/Olympic_Airlines" Categories: Airlines of Greece, IATA members, Association of European Airlines members, Airlines established in 1957, Aviation in Greece This page was last modified on 17 May 2009, at 11:20 (UTC). All text is available under the terms of the GNU Free Documentation License. (See Copyrights for details.) Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a U.S. registered 501(c)(3) taxdeductible nonprofit charity. Privacy policy About Wikipedia Disclaimers

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