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Olympic Air was the flag carrier of Greece, originally founded in 1957 by Aristotle Onassis as Olympic Airways. After several decades of state ownership and facing financial challenges, it was privatized and reformed as Olympic Air in 2009 under Marfin Investment Group (MIG). In October 2013, Olympic Air was acquired by and fully integrated into Aegean Airlines, its former rival. Today, the Olympic Air brand is still used by Aegean Airlines for domestic flights, particularly to Greek islands, operating as a subsidiary. This page provides historical information about Olympic Air prior to its full operational merger into Aegean Airlines.
Served as the central hub for corporate management, flight operations, technical base, maintenance coordination, and administrative services for the airline.
Strategically located within Greece's newest and largest international airport, featuring modern infrastructure. Building 57 was a key operational and administrative center.
Historically, as Olympic Airways (a state-owned entity), it carried elements of a traditional public sector enterprise. Post-privatization in 2009 as Olympic Air, there was a significant cultural shift towards a more commercially-driven, competitive, and customer-focused model, though operational and financial challenges persisted leading up to its acquisition.
The headquarters was the nerve center for Greece's flag carrier, coordinating a network of national and international flight services and representing Greek aviation.
Historically, as Olympic Airways and later Olympic Air, the airline connected Greece to a wide range of destinations. At its peak, Olympic Airways served numerous cities across Europe (e.g., London, Paris, Frankfurt, Rome, Moscow, Brussels, Amsterdam), the Middle East (e.g., Tel Aviv, Cairo, Beirut, Dubai, Jeddah), North Africa (e.g., Alexandria, Tripoli), and long-haul destinations including North America (New York, Boston, Chicago, Montreal, Toronto), Southern Africa (Johannesburg), and Australia (Sydney, Melbourne). After its 2009 relaunch as Olympic Air, the international network was significantly rationalized, focusing more on European, Balkan, and Middle Eastern routes alongside its extensive domestic network, before its eventual acquisition by Aegean Airlines.
Athens International Airport, Building 57, Administration Building
Spata
Attica
Greece
Address: Thessaloniki Airport 'Makedonia' (SKG), Mikra, 55103, Thessaloniki, Greece
Served as a vital operational base for Northern Greece, facilitating extensive domestic connections and some international routes. Supported passenger services and cargo operations for the region.
Address: Heraklion International Airport 'Nikos Kazantzakis' (HER), Nea Alikarnassos, 71601, Heraklion, Crete, Greece
Primary gateway for Crete, one of Greece's largest islands and a major tourist destination. Supported a high volume of domestic flights and charter operations.
Address: Rhodes International Airport 'Diagoras' (RHO), Paradeisi, 85106, Rhodes, Greece
Key access point for Rhodes and surrounding Dodecanese islands, catering to both tourist and local travel needs, facilitating connectivity with mainland Greece and other islands.
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As of April 2025, OLYMPIC AIR' leadership includes:
OLYMPIC AIR has been backed by several prominent investors over the years, including:
Executive activity for Olympic Air in its final independent year (2012-2013) was primarily characterized by the developments leading to its acquisition by Aegean Airlines, which was approved in October 2013. This event led to the dissolution of Olympic Air's independent executive team as its operations and management were integrated into Aegean's structure. There were no significant new standalone executive hires for Olympic Air in the 12 months leading to the finalization of the acquisition; changes were driven by the takeover.
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Specific historical email formats for Olympic Air (2009-2013) are not publicly documented. However, common corporate email formats often include [first_initial][last_name]@[companydomain.com] or [first_name].[last_name]@[companydomain.com]. The primary domain used by Olympic Air was olympicair.com. These emails are no longer active.
f.lastname@olympicair.com or firstname.lastname@olympicair.com
Format
j.doe@olympicair.com or jane.doe@olympicair.com (example only)
Example
0%
Success rate
European Commission Press Corner • October 9, 2013
The European Commission cleared under the EU Merger Regulation the proposed acquisition of Olympic Air by Aegean Airlines. The Commission concluded that the merger would not raise competition concerns, noting Olympic would likely exit the market due to financial difficulties if not acquired by Aegean....more
FlightGlobal • September 29, 2009
Olympic Air was formally launched under private ownership by Marfin Investment Group (MIG), succeeding the former state-owned Olympic Airlines. The new airline began operations with a smaller fleet and route network, aiming for efficiency and profitability....more
Various Historical Aviation Archives (e.g., Wikipedia) • April 6, 1957
Greek national airline TAE HELLAS was acquired by shipping magnate Aristotle Onassis and commenced operations as Olympic Airways. This marked the beginning of a 'golden era' for the airline, characterized by significant expansion, fleet modernization, and a reputation for luxury service....more
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