OLYMPIC AIRLINES

'Olympic Airlines' (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 a hub at Thessaloniki International Airport, "Macedonia".^[1]
Although the logo resembles that of the Olympic Games, the airline is not named after the biggest international sporting event but rather after the Twelve Olympians, the principal grouping of gods and goddesses in Greek mythology, residing in Mount Olympus. Olympic Airlines is also accredited by IATA with the IOSA (IATA Operations Safety Audit) for its safety practices.^[2]

Contents

History

The Start of Olympic

Olympic in the 1960s

Olympic in the 1970s

Olympic in the 1980s, 1990s, 2000s

The Future of Olympic

Olympic Airways Group of Companies (April 1957 - December 2003)

Incidents and accidents

Destinations

Fleet

Previously operated

Naming of O.A. Aircraft

Aircraft Registrations

The Logo of Olympic

Other

External links

References

History

The Start of Olympic

The origins of Olympic Airways was in 1930, when the first predecessor airline was established. The airline was called 'Icarus' but after just a few months went bankrupt due to financial problems and limited Greek interest in air transport. G.C.A.T./Ε.Ε.Ε.Σ. (Greek Company for Air Transport/Ελληνική Εταιρεία Εναέριων Συγκοινωνιών) took its 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). Soon after the World War II, in 1947, three airlines were based in Greece: T.A.E., G.A.T./ΕΛΛ.Α.Σ. (Greek Air Transport/Ελληνικαί Αεροπορικαί Συγκοινωνίαι) and Hellenic Airlines/Α.Μ.Ε. (Αεροπορικαί Μεταφοραί Ελλάδος).

In 1951, the poor financial state of all three airlines led to a decision by the Greek state to merge them into one, Hellenic National Airlines T.A.E. 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' was born.

Olympic in the 1960s

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.
In 1965, Olympic placed its first orders for the Boeing 707-300 jet aircraft. The first was delivered in 1966, bearing the name "City of Corinth". The nonstop route Athens - New York City (JFK Airport) was the first to be launched. In 1968, the first routes to Africa were launched and OA received the Boeing 727-200 jet aircraft. In 1969, OA launched a route to Canada and phased out the Comet 4Bs.

Olympic in the 1970s

In 1971, OA purchased the new NAMC YS-11 turboprop aircraft to replace the aging 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 then purchased the Boeing 720-051B jet aircraft, a derivative of the Boeing 707, and the 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.


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 the 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 its first orders for the Airbus A300.

Olympic in the 1980s, 1990s, 2000s

In 1984, two 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 707-300 "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.


In the mid-1980s a nonstop route to Tokyo was launched but soon shut down due to limited passenger interest and heavy losses. Olympic purchased Boeing 737-400 aircraft in 1993, 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 aging B747-200.
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 privatise 'Olympic Airlines', but the sale process ended in failure as none of the buyers was eager to repay the Greek state the almost 700 million euro in state aid declared illegal by the European Commission in December 2005.

The Future of Olympic

According to Greek media, the government planned to relaunch the company in late 2006. 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 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 and it will be run as a private airline. The planned re-launch date passed without anything happening, and it appears the plan has frozen. However, Pantheon Airways still exists.
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 will be used to pay back part of the State aid declared illegal by the European Commission in December 2005.^[3] Olympic Airlines have re-designed their website to introduce the e-ticket service launched on July 31st 2007 in response to the surge of online booking and online checkins. The e-ticket service introduction by EDS meant Olympic abolished their own "Hermes" booking system which had served the company for more than two decades.

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.

Incidents and accidents

★ October 29, 1959: Douglas Aircraft Company DC-3 crashed near Athens, Greece. All 15 passengers and all 3 crew members perished

★ December 8, 1969: Douglas DC-6 crashed near Keratea, Athens, Greece. All 85 passengers and all 5 crew members perished

★ February 18, 1972: Olympic Aviation Learjet crashed off the coast of Monte Carlo. Both crew members were killed.

★ October 21, 1972: NAMC YS-11 crashed off the coast of Voula, Athens, Greece. Thirty six passengers and 1 crew member drowned, while 16 passengers and 3 crew members were rescued.

★ November 23, 1976: NAMC YS-11 crashed near Kozani, Greece. All 46 passengers and 4 crew members perished.

★ August 3, 1989:Olympic Aviation Shorts 330 crashed near Samos Airport, Greece. All 31 passengers and 3 crew members were killed.

Destinations

Fleet

The Olympic Airlines fleet consists of the following aircraft as of July 2007 :

'Olympic Airlines Fleet'

Aircraft	Total	Passengers	Routes	Registrations	Notes
Airbus A300-600R	1	265	Short and Medium haul Europe and Middle East	SX - BEM	Leased from GECAS
Airbus A340-300	4	295	Long Haul Europe (London and Paris), North America and South Africa	SX - DFA / DFB / DFC / DFD	Owned by O.A.
ATR 42-300	6	50	Short Haul Domestic and Island services	SX - BIA / BIB / BIC / BID / BIM / BIN	4 owned by O.A., 2 leased from ATR Asset Management
ATR 72-200	7	68	Short Haul Domestic and Island services	SX - BIE / BIF / BIG / BIH / BII / BIK / BIL	Owned by O.A.
Boeing 737-300	4	138	Short haul Domestic, Europe and Middle East	SX - BLC, EC - JQX / JTV / KHI	3 leased from Hola Airlines
Boeing 737-400	15	150	Short and Medium haul Domestic, Europe and Middle East	SX - BKA / BKB / BKC / BKD / BKE / BKF / BKG / BKH / BKI / BKM / BKN / BKT / BKX / BMC, EC - KBO	7 owned by O.A. (BKA-BKG), 1 leased from Hola Airlines (KBO), 4 leased from ILFC (BKH-BKI, BKN, BKT), 1 leased from Aviation Capital Group (BKM), 1 leased from Oasis International Leasing (BMC)
Bombardier Dash 8 Q100	4	37	Short Haul Domestic and Island services	SX - BIO / BIP / BIQ / BIR	Owned by O.A.
Total	41	Updated July 2007

Previously operated

Olympic Airlines has previously operated the following fleet:

'Olympic Airlines/Airways Retired Fleet'

Aircraft	Total	Passengers	Routes	Registrations	Notes
Douglas DC-3	14		Short haul Domestic and Europe	SX - BAA / BAC / BAD / BAE / BAG / BAH / BAK / BAL / BAN / BBA / BBC / BBD / BBE / BBF	Owned by O.A.
Douglas DC-4	2		Short and medium haul Domestic and Europe	SX - DAC / DAG
Douglas DC-6	13	66 (1958), 95 (1967)	Short and medium haul Domestic and Europe	SX - DAD / DAE / DAF / DAH / DAI / DAM / DAP / DAQ / DAR / DAS, F - BGSK / BGTY / BGTZ	10 owned by O.A. (DAD - DAS), 3 leased from U.A.T. (BGSK, BGTY, BGTZ)
DeHavilland Comet 4B	6	147 (1966), 165 (1968)	Medium haul Europe, Middle East	SX - DAK / DAL / DAN (first G-APZM) / DAO (first G-ARDI), G -ARJL / APMC	2 leased from BEA (BEA-OLYMPIC) (ARJL, APMC), 4 owned by O.A. (DAK, DAL, DAN, DAO)
Boeing 707-320	8	147 (1966), 165 (1968)	Long and medium haul Europe, North America, Africa, Australia	SX - DBA / DBB / DBC / DBD / DBE / DBF / DBO / DBP	Owned by O.A.
Boeing 717-200	3	105	Short and Medium haul Greece and Europe	SX - BOA / BOB / BOC	2 leased from Bavaria (BOA, BOB), 1 leased from Pembroke Capital (BOC)
Boeing 720-051B	7	160	Short and medium haul Domestic, Europe and Middle East	SX - DBG / DBH / DBI / DBK / DBL / DBM / DBN	Owned by O.A.
Boeing 727-30	2		Short and Medium haul Domestic, Europe and Middle East	N9233Z, N9234Z	Leased from Boeing
Boeing 727-200	10	146	Short and Medium haul Domestic, Europe and Middle East	SX - CBA / CBB / CBC / CBD / CBE / CBF / CBG / CBH / CBI, ZS - NZV	9 owned by O.A. (CBA - CBI), 1 leased from Safair (NZV)
Boeing 737-200	15	123	Short and Medium haul Greece and Europe	SX - BCA / BCB / BCC / BCD / BCE / BCF / BCG / BCH / BCI / BCK / BCL, N321XV, N322XV, N501AV, N505AV	4 leased from Aviation Sales Company, 11 owned by O.A. (BCA - BCL)
Boeing 737-300	3	138	Short and Medium haul Domestic, Europe and Middle East	EC - IFV / IOR, SX - BLA	2 leased from Hola Airlines (IFV, IOR), 1 leased from Boullioun Aviation (BLA)
Boeing 737-400	4	150	Short and Medium haul Domestic, Europe and Middle East	SX - BMA / BMB / BKK / BKL	1 leased from Pembroke Capital (BMA), 1 leased from Oasis International Leasing (BMB), 1 leased from ILFC (BKK), 1 leased from GECAS (BKL)
Boeing 747-100	1		Long haul North America, Africa, Australia, Asia	EI - BRR	Leased from GPA in 1986
Boeing 747-200	5	426	Long haul North America, Africa, Australia, Asia	SX - OAA / OAB / OAC / OAD / OAE, TF - ARO	5 owned by O.A. (OAA - OAE), 1 leased from Air Atlanta for the 2004 Olympic Torch Relay (ARO)
Britten Norman BN2 Islander	15	9	Short haul Domestic and Island services		Leased
NAMC YS-11	10	64	Short haul Domestic and Island services	SX - BBG / BBH / BBI / BBJ / BBK / BBL / BBM / BBP / BBQ / BBR	8 Owned by O.A., 2 leased from NAMC (BBJ, BBM)
Dornier Do 228	9	18	Short haul Domestic and Island services	SX - BHA / BHB / BHC / BHD / BHE / BHF / BHG / BHH / BHI	2 leased from Dornier (BHA - BHB), 7 owned by O.A. (BHC - BHI)
Shorts 330	6	30	Short haul Domestic and Island services	SX - BGA / BGB / BGC / BGD / BGE / BGF	Owned by O.A.
Shorts Skyvan	4		Short haul Domestic and Island services	SX - BBN / BBO / BBT / BBW	2 owned by O.A. (BBN, BBO), 2 leased (BBT, BBW)

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, Makedonia, Creta)

★ Airbus A300-B4: Heroes of the Trojan War (Nestor, Telemachus, Odysseus, Achilleus, Neoptolemus, Peleus, Diomedes, Ajax, Idomeneus)

★ Airbus A340: Historic Locations of Ancient Greece (Delphi, Olympia, Marathon, Epidaurus)

★ ATR 42: Philosophers of Greece: (Plato, Socrates, Aristotles, Pythagoras)

★ ATR 72: Scientists of Ancient Greece: (Thales, Hippocrates, Demokritus, Homer, Herodotus, Archimedes)

★ Boeing 707: City-States of Ancient Greece (City of: Athens, Lindos, Thebes, 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, Kassiopi, Andromeda)

★ Boeing 727: Mountains of Greece (Mount Olympus, Mount Parnassus, 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, Olympic Eagle, Olympic Spirit, Olympic Flame, Olympic Peace)

★ 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)

Aircraft Registrations

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

The Logo of Olympic

According to the Olympic Airways archives, the first logo of Olympic 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 Games logo, but the International Olympic Committee claimed the rights to the logo and 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.

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 fashion designers, such as Jean Desses (1957), Coco Chanel (1966) and Pierre Cardin (1969).

External links

★ Official website

★ Olympic Airways - Services

★ Olympic Aviation

★ Fleet Age

★ Fleet

References

1. Directory: World Airlines
2. Olympic Airlines IOSA Operators Profile
3. http://www.iht.com/articles/ap/2006/12/20/business/FIN_COM_Greece_Olympic_Airlines.php