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-04.29.24

Airborne-NextGen-04.30.24

 Airborne-Unlimited-05.01.24 Airborne-AffordableFlyers--05.02.24

Airborne-Unlimited-05.03.24

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-Term (05.02.24): Touchdown Zone Lighting

Touchdown Zone Lighting Two rows of transverse light bars located symmetrically about the runway centerline normally at 100 foot intervals. The basic system extends 3,000 feet alon>[...]

Aero-News: Quote of the Day (05.02.24)

“Discovery and innovation are central to our mission at Virgin Galactic. We’re excited to build on our successful record of facilitating scientific experiments in subor>[...]

Aero-News: Quote of the Day (05.03.24)

"We are reaching out to you today on behalf of the Popular Rotorcraft Association because we need your help. We are dangerously close to losing a critical resource that if lost, wi>[...]

ANN's Daily Aero-Term (05.03.24): UAS Traffic Management (UTM)

UAS Traffic Management (UTM) The unmanned aircraft traffic management ecosystem that will allow multiple low altitude BVLOS operations and which is separate from, but complementary>[...]

ANN's Daily Aero-Linx (05.03.24)

Aero Linx: Society of Aviation and Flight Educators (SAFE) SAFE is a member-oriented organization of aviation educators fostering professionalism and excellence in aviation through>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 05.06.24: Gone West-Dick Rutan, ICON BK Update, SpaceX EVA Suit

Airborne 05.03.24: Advanced Powerplant Solutions, PRA Runway Woes, Drone Racing

Airborne Affordable Flyers 05.02.24: Bobby Bailey, SPRG Report Cards, Skydive!

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC