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Olympic Airlines

Olympic Airlines
AirlineOlympic Airlines
Ολυμπιακές Αερογραμμές
Founded6 April 1957
Ceased operations29 September 2009
Airline hubAthens International Airport
Secondary hubsThessaloniki International Airport, "Macedonia"
Frequent-flyer programIcarus Frequent Flyer Programme
Member loungeOlympic Handling "Melina Merkouri", "Aristotle Onassis" lounges
SubsidiariesMacedonian Airlines
Fleet size43 (2009)  
Destinations50 (2009)  
Parent companyOlympic Airways S.A.
HeadquartersAthens, Greece
Key peoplePyrros D. Papadimitriou (Chairman - CEO)

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Olympic Airlines ( , Olympiakés Aerogrammés - OA) was the flag carrier airline of Greece, with its head office in Athens. It operated services to 37 domestic destinations and to 32 destinations world-wide. Its main base was at Athens International Airport, with hubs at Thessaloniki International Airport, "Macedonia" and Rhodes International Airport, "Diagoras". By December 2007, the airline employed about 8,500 staff.

Olympic Airlines was also accredited by IATA with the IOSA (IATA Operational Safety Audit) for its safety practices.

On March 6, 2009, the Greek State announced it had reached an agreement to sell the Flight operations, Ground Handling operations and Technical Base of the Group to Marfin Investment Group, the largest Greek investment fund, thus ending a 35-year period of state ownership.

On 29 September 2009 Olympic Airlines ceased all of its operations and most of its flights and Olympic Air, the new airline commenced flights. Olympic Airlines continued to be responsible for some flights to Greek islands designated as public service as well as some flights to destinations outside the European Union (Cairo, Alexandria, Tel Aviv, Beirut, Belgrade) until the Greek State conducted a public tender and redistributed the routes.

On 31 December 2009, Olympic Airlines ceased all of its operations, as flights to Greek islands have already been allocated and are being flown by other carriers and flights to destinations outside the European Union have been allocated to other carriers that started operating them from 1 January 2010. Until the final closure, Olympic Airlines used the temporary code OP for its flights (instead of OA, which is used by its successor, Olympic Air). All Olympic Airlines flights (using the OP code) since 29 September 2009 and until the final deadline of 31 December 2009, were operated by Olympic Air on a wet lease basis. The 31 December 2009 deadline as the final possible date that Olympic Airlines should cease its operations, was agreed between the Greek Government and the European Commission as part of the deal to close Olympic Airlines and sell its name and assets to Olympic Air. It was initially expected that Olympic Airlines would cease operations much earlier, but due to the general elections in Greece in October 2009 and the change of government that postponed the public tenders for the reallocation of subsidised flights to the Greek islands and for the reallocation of international flight rights to countries outside the European Union, the company has stayed alive until the final deadline of 31 December 2009.

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