Olympic Airways to Become Olympic Airlines | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-06.23.25

Airborne-NextGen-06.24.25

AirborneUnlimited-06.25.25

Airborne-AffordableFlyers-06.26.25

AirborneUnlimited-06.27.25

Tue, Sep 09, 2003

Olympic Airways to Become Olympic Airlines

It's a Whole New Thing, as Another Government 'Gets Out' of Air Transport Business

Last week, the Greek Parliament decided to get out of the airline business. Olympic Airways' union leaders are not happy.

With a sick-out last Thursday (that continued into Friday (canceling two flights), leading to a long weekend for many workers), the union made it clear that it prefers working for the government (which has no profit motive and is instead motivated by the union's votes) to working for capitalist management, which favors efficiency.

Just when the government will divest itself is still unknown; but officials quoted in the local press said that it's a clear goal to have the airline in private hands before the Olympics come to Athens -- and that's next Summer.

The government wants to make 'privatization' as easy aspossible, while still maintaining effective control. When Olympic Airlines (the privatized version) is officially organized, expect the government to hold onto 49% -- thus remaining the largest single shareholder, and ramaining in effective control.

FMI: www.olympic-airways.gr

Advertisement

More News

ANN's Daily Aero-Linx (06.29.25)

Aero Linx: Transport Canada We are a federal institution, leading the Transport Canada portfolio and working with our partners. Transport Canada is responsible for transportation p>[...]

ANN's Daily Aero-Term (06.29.25): Gross Navigation Error (GNE)

Gross Navigation Error (GNE) A lateral deviation from a cleared track, normally in excess of 25 Nautical Miles (NM). More stringent standards (for example, 10NM in some parts of th>[...]

Classic Aero-TV: Anticipating Futurespace - Blue Origin Visits Airventure 2017

From AirVenture 2017 (YouTube Edition): Flight-Proven Booster On Display At AirVenture… EAA AirVenture Oshkosh is known primarily as a celebration of experimental and amateu>[...]

NTSB Final Report: Cirrus SR22

Aircraft Parachute System (CAPS) Was Deployed About 293 Ft Above Ground Level, Which Was Too Low To Allow For Full Deployment Of The Parachute System Analysis: The day before the a>[...]

Airborne Affordable Flyers 06.26.25: PA18 Upgrades, ‘Delta Force’, Rhinebeck

Also: 48th Annual Air Race Classic, Hot Air Balloon Fire, FAA v Banning 100LL, Complete Remote Pilot The news Piper PA-18 Super Cub owners have been waiting for has finally arrived>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 07.02.25: TikToker Arrested, Vietnam A/L Ground Hit, ATC Modernization

Airborne-NextGen 07.01.25: Volocopter Returns, B23 Energic, Iran Tech In UAVs?

Airborne 06.30.25: US v ADS-B Misuse, Nat’l STOL Fire, Volocopter Resumes

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC