Olympic Airlines (Athens) has been sold by the Greek government to Marfin Investment Group backed by Greek and United Arab Emirates investors for 177 million EUR with October 1 set as the date for an asset transfer from the current Olympic Airlines to a new private carrier that will take over some assets, staff and routes. The new Olympic Airlines will reportedly cut its fleet from 42 to approximately 20 aircraft and will mainly concentrate on domestic and regional routes. It has already placed an order for eight Dash 8-400s (including options for additional eight aircraft) that will replace some of the ATR aircraft currently used by Olympic. In the meantime, it will wet-lease four Dash 8-400s from Flybe. (BE/Exeter) for a year as of August 2009. Olympic currently already wet-leases an A320-200 from Air Comet (A7/Madrid), two A320-200s from Hellas Jet (T4/Athens), a B737-300 from Seagle Air (SJ/Bratislava), a MD-83 from Sky Wings (GSW/Athens) and a BAe 146-300 from Astra Airlines (AZI/Thessaloniki) because it has already returned four of its B737-400s to the lessors.
Olympic Airlines News Update
Olympic Airlines Boeing 737-400,
© Tis Meyer (PlanePics.org)
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