03 March 2011

Olympic Comes Out Swinging Against the EC

Olympic was initially thwarted in its proposed merger with Aegean. Now it has made its response clear.

It is pulling back from highly competitive markets and moving instead to bolster its near and domestic market.

As reported in Flight, they will close several major routes including London, Vienna Brussels and Paris. This essentially means that the former national Greek carrier has retrenched from most Western Europe markets with the exception of Amsterdam.

This is somewhat sad as OA was once the pride of Greece.

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