Sources
Help build the largest human-edited directory on the web.
Submit a site - Become an editor
Wikipedia. Licensed under the GNU Free Documentation License.
Are you an expert in this subject? Join the discussion and share your knowledge at Wikipedia.org.
Olympic Airways Services
From Wikipedia, the free encyclopedia
Olympic Airways - Services S.A. is the largest ground handling operator of Greece.
Olympic Airways - Services, came in 2003 as a solution to the growing Olympic Airways problem. As of 1994, the European Commission ordered the greek government to finally restructure the ailing Olympic Airways Group of Companies.
In December 2003, the government decided to split the Olympic Airways Group in two different companies. The first, renamed, Olympic Airlines, took over the Group's flight operations, starting with no debts. All Olympic Airways debts and other operations were transferred onto the new company, Olympic Airways - Services S.A.. Today, the company specializes in 7 sectors of the airline industry (including Ground Handling in 38 greek airports, Cargo, Aircraft Maintenance, Training Center and Flight Academy, Olympic Aviation helicopter Charters and the Information Technology Unit). It is noted that, Olympic Aviation became a wholly owned subsidiary of the company.
O.A. - Services, also provides VIP Lounge services for Olympic Airlines, and other airlines, such as Luxair, in most Greek airports.
The company announced its 2006 budget, showing very little profit, after many decades of rising losses and debts. It is noted that, the company (and the former Olympic Airways Group) has never shown any profit, ever since it was sold to the Greek state in 1975 by its founder, Aristotle Onassis. Profit was only once announced, in 1996.