note

Airline was formed around defunct Greek national carrier of Olympic Airlines. Airline is not legal successor of Olympic Airlines and acquired some Olympic Airline assets such as landing rights, equipment, real estate, brand and logo only indirectly. None of the employees were transfered from defunct Olympic, although some were newly hired. In September 2008 Greek government has put forth plan of restructuring of failing Olympic Airline which it was sole owner of at that time. New entity called Pantheon Airways was formed as subsidiary of Olympic Airlines and some assets were transfered from parent company. In March 2009 Greek government sold Pantheon Airways to private Greek Marfin Investments Group. The Pantheon Airways was legal name used until original Olympic Airlines no longer existed. This happened on September 29 2009, and Pantheon Airways became Olympic Air. Olympic Air serves since then domestic network as well as London, Paris, Vienna, Brussels, Amsterdam, Milan, Rome, Bucharest, Larnaca, and Sofia. Airline plan is to acquire by Spring 2010, 16 Airbus A320 family jets, 10 Bombardier DHC-8-402s, 4 DHC-8-100s and one ATR. The Greek debt crisis of 2011 halted all expansion plans and airline has been reduced to primarily domestic operator. International destinations were reduced to Bucharest, Belgrade, Sofia, Tirana and Istanbul. Fleet was reduced to the regional DHC-8s and code share agreement was signed with Aegean to offer European destinations. Long haul destinations are provided through code share with Etihad Airways.

founded - demised (age)

September 29 2009 - present  (16years)

headquarters

, Athens

web

www.olympicair.com

base airports

LGAV AIA - Eleftherios Venizelos International Athens	hub
LGRP Diagoras International Rhodes (Rodos)	hub

related operators

Olympic Airlines	predecessor
Aegean Airlines	parent 2010