My Account Menu

CAPA Login


Register to trial CAPA Membership!

Aegean Airlines outlines plans for Olympic Air

1-Nov-2013 7:27 AM

Aegean Airlines outlined (31-Oct-2013) its plans for Olympic Air following its acquisition of the carrier:

The carrier expects savings of up EUR35 million in merger-related synergies in the next six to 14 months. Aegean Airlines VP Eftychios Vassilakis said: "The conditions for the establishment of a stronger carrier, which will be able to stand in the highly competitive environment that has developed in the region, are created. Our goal is for Aegean and Olympic Air to lead in the changes in the tourism market in the country and the region. Sensing the responsibility towards the state, the society and the passengers, we are committed to ensure the overall coverage of the Greeceā€™s territory, providing access to the smallest islands, as well as to continue the strategic strengthening of tourism development of Athens and the main tourist destinations in the region with even higher quality services and competitive prices." [more - original PR] [more - original PR - Greek]