Olympic AirlinesOlympic Airways, which was formally Olympic Airlines, is a major Greek flight center that offers flights to nearly anywhere in the world. This airline has become much more successful in the operation of passenger aircraft since its original start as Icarus airlines in 1930.
About five years after the failure of Icarus, another airline had started which was called the Greek Company for Air Transport. Another privately owned company called Technical and Aeronautical Exploitations (T.A.E.) was also created. Then, by 1947 Hellenic Airlines was born.
Since all three of these new airlines were not doing so well financially a decision was made to combine all three of this airlines to create one new airport. This merging took place in the year 1951 and the name of this new airport was changed to Hellenic Airlines T.A.E.
Combining the three airlines did not seem to help, however, because the government ended up shutting the airport down in the year 1955. No one wanted to buy this failing airport so the Hellenic state bought it out. Then, in 1957 the Olympic Airways was born.
Apparently the chance of airline hands had also helped develop this airline much more rapidly. In the 1960s, quite a bit of strides were taken. For instance, in the year 1960 the OA jet named De Hallivand had been released to serve passengers.
Part of the reason for the success of the Olympic Airways in 1957 could be due to the fact that this airline company had joined forces with British Airlines. Both British Airlines and Olympic Airways began sending trips back and forth to one another during this time. Furthermore, they were both partly responsible for the release of the first OA jet.
In the year 1965 travel by way of Olympic Airways included the use of a Boeing 707-300 jet aircraft. The first Boeing flight from this greek airline company flow non-stop from Athens to New York City. In 1968 the first Boeing flight was sent to Africa, and then in 1969 one was then sent to Canada.
Quite a few more changes had occurs during the continued development of Olympic Airways 1970s through the early 2000s. For instance, airline jets became more and more advanced and a separate Olympic cargo unit was established.
Then, within the past few years Olympic Airways had become Olympic Airlines. Part of the reason for renaming Olympic Airways to Olympic Airlines is because the entire airline comnay had undergone majore magagerial reconstruction between the 1980s and the 1990s.
Olympic Airlines had continued to suffer financial problems even after being subsidized, and there were plans to reopen this center as of the year 2006. Therefore, as of January 2007 the new Olympic Airlines will be less than a year old.