The Greek government has conditionally accepted Axon Airlines’ bid to purchase a controlling stake in Olympic Airways, the country’s flag carrier. Details of the buyout likely will not surface for up to three months, while talks take place between Axon and the Greek government on such matters as the controversial planned downsizing among the company’s 6,000 employees.
In April this year Axon acquired four 50-seat Embraer ERJ-145s, opening routes from the new airport to the domestic destinations of Salonica–Greece’s second city and the country’s busiest route from Athens –and the islands of Crete, Rhodes, Santorini, Samos and Mykonos. It plans further domestic destinations after the expected delivery of two more ERJ-145s by March next year at the latest. To bolster its domestic fleet, Axon Airlines is also contemplating the acquisition of the new 78-seat Embraer ERJ-170.
