
Greece
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Olympic Air is Greece’s national flag carrier, owned by Marfin Investment Group (MIG) and based in Athens International Airport with secondary hubs at Thessaloniki Airport and Rhodes International Airport. Olympic Air is the reincarnation of Olympic Airlines, the formerly state-owned airline, which in 2009 reached an agreement to sell the flight operations, ground handling operations and technical base of the group to MIG.
Aegean Airlines, the largest Greek airline by fleet size and number of passengers carried, flies to 23 international and 17 Greek destinations and is a regional partner of Lufthansa.
Greece has 15 international airports of which air navigation service is provided by EUROCONTROL. Hellenic Civil Aviation Authority is the government body established to regulate and oversee the aviation industry.
Location of Greece
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341 total articles
Athens Airport announces 11% decrease in Dec-2011 pax, cargo down 6%. 14.4 million pax in FY2011
Athens Airport outlines winter 2012 incentive aiming at the introduction of lower fares by airlines
Greek airports report 8% decrease in Dec-2011 pax to 1.4 million
Flughafen Zürich interested in Brazilian airport concessions; other airports also on the radar
Goldair Handling switches to ARINC’s Type B messaging service
Visitor arrivals to Greece reach 16.5 million in 2011
Peru permits Peruvian Airlines to operate to more destinations in South America and Europe
Greek international tourist arrivals total 11.5 million in 2011
Thessaloniki Makedonia Airport announces 1.6% increase in Nov-2011 traffic
Greece to privatise 29 airports
Association of Greek Tourism Enterprises reports Nov-2011 international tourist arrivals
Hellenic Republic Asset Dvpt Fund launches invitation for acquisition of former Athens airport site
Greece launches billion-euro tender for old Athens Airport
6,131 total articles
Aegean’s 3Q2011 results impacted by 40% fuel expense increase
Greece’s largest passenger carrier, Aegean Airlines, has continued to improve despite the economic crisis in Greece and other European countries, and has recorded a significant increase in international passenger traffic in 3Q2011. A rise in operating expenses, namely fuel, has negatively affected the carrier which posted a net loss of in the nine months to September.
Aegean’s expanded international network led revenue gains for the carrier with new destinations and increased frequencies in important markets across Europe. Aegean’s international network now accounts for more than half of the airline’s available seats. Meanwhile there is a weakening domestic market with capacity decreased in the face of reduced consumer demand.
Aegean narrows 1H loss despite difficult conditions
Aegean Airlines, Greece’s largest airline by passenger numbers, narrowed losses in 1H2011 (six months to 30-Jun-2011) despite myriad trading difficulties across Europe and sharp fuel price rises. While economic problems have been much more acute in Greece than elsewhere, Aegean Airlines has turned the business around following cost reductions and a network overhaul, leaving it less exposed to the Greek market.
DFS and GdF go to arbitration
After a week of threats over possible strike action, DFS, the German air navigation service provider, and Gewerkschaft der Flugsicherung (GdF), the German air traffic controllers union, have agreed to go to arbitration to resolve their pay and conditions dispute. An eleventh hour decision to call in an independent employment arbitrator resulted in GdF cancelling its planned six-hour strike, just a few hours before it was due to commence.
Air France looks to regional points to counter LCC, TGV threat
Air France has announced plans to move away from its Paris-centric strategy and moved into regional French market in a bid to counter the growing threat of low-cost carriers in its home market, which remains one of Europe’s few remaining spaces for growth in the sector.
Air Malta troubles worsen as unions flex muscle and LCCs grow
Air Malta’s troubles have become more acute as the struggling carrier’s unions increase their opposition to large-scale redundancies. Prime Minister Lawrence Gonzi has stated the present situation is increasingly worrying, particularly in light of the EUR77 million the government has poured into the airline since Jun-2011.
Greece seeking to boost tourism by reducing airport charges. Ryanair reacts with 17 new routes
Greece has forecast improved visitor arrivals and tourism revenues in 2011, aided by a cut in airport fees and new incentives for airlines to expand in the market. European LCCs are again leading the expansion charge, with Ryanair one of the airlines reacting to the government's leads. The tourism industry is a key industry for Greece, which was and continues to be hard hit by the financial crisis. Tourism accounts for one in five jobs and 20% of the country’s GDP.
- Buy a CAPA Membership now!
- Contact us for a demonstration of the CAPA Membership service!
- Call us on +61 2 9241 3200.
- Buy a CAPA Membership now!
- Contact us for a demonstration of the CAPA Membership service!
- Call us on +61 2 9241 3200.
- Buy a CAPA Membership now!
- Contact us for a demonstration of the CAPA Membership service!
- Call us on +61 2 9241 3200.
- Buy a CAPA Membership now!
- Contact us for a demonstration of the CAPA Membership service!
- Call us on +61 2 9241 3200.
- Buy a CAPA Membership now!
- Contact us for a demonstration of the CAPA Membership service!
- Call us on +61 2 9241 3200.





