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Olympic Air awarded with ERA’s Airline of the year 2010/11!

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Olympic Air awarded with ERA’s Airline of the year 2010/11!

The 1st International recognition came for the new Olympic Air few days ago (Thursday 23/09/2010). The Greek airline won the ERA (European Regions Airline Association) silver award as the best regional airline for year 2010/11.

According to the ERA press release, Olympic Air was commended for having been re-launched by a passionate management team, led by ERA President Antonis Simigdalas, against a backdrop of a troubled past and an extreme economic crisis in Greece. Within two months of starting operations, the airline was operating 190 daily flights. It has also brought its major competitor, Aegean Airlines, to the negotiation table to agree a merger, currently awaiting approval. (more…)

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The largest Airline in the world is about to spread its wings!

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The largest Airline in the world is about to spread its wings!

The US Department of Justice has approved the merger of two of the biggest American airlines. Continental and United Airlines together will create the world’s largest airline (a value of 3 billion dollars)!

United Airlines based in Chicago founder of Star Alliance operating about 3,400 daily flights to 230 destinations (mainly within U.S. and the Pacific), has approximately 46,000 staff. Continental based in Houston has a schedule of 2,700 daily routes to 230 destinations (the majority in Northern Eastern U.S., Europe & South America) with a staff of about 40,000 members. It is estimated that the two companies transfer annually more or less 144 million passengers.

In order to get permission the two airlines have agreed to leave the slots for 18 daily flights from New York’s Newark airport. These will be given to low-cost carrier Southwest.

The last stage of this merging is for the shareholders to approve this, on their meeting in mid September. It’s believed that the whole process shall be over by October, 1st 2010. The new largest airline in the world will trade under the name United and will be using the Continental airlines logo.

 
 

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