Olympic Gets New Logo

The Olympic Air logo. According to MIG, winners Yiannis Papathanasiou and Panos Triantafilopoulos received 11,652 votes out of a total of 19,116.

After the selection of Olympic’s new cabin crew uniforms, Marfin Investment Group (MIG) recently publicized the logo of the new Olympic.

The selection followed an open contest in which the public cast its vote through an online voting process.

Winners of the people’s vote are Yiannis Papathanasiou and Panos Triantafilopoulos who designed the new logo with colored Olympic rings arranged vertically in connection with the name of the carrier written in dark blue.

Also, as of 30 June MIG took over Olympic Handling operations, the first unit of the Olympic group to pass under the new management.

In addition, the procedures for the establishment of a new fleet of the company’s flight operations are in progress. As of October the company intends to operate with a total of 32 aircraft.

According to reports, MIG’s president, Andreas Vgenopoulos, recently said that the operation of Olympic Air in October would increase the possibilities of the Greek tourism industry as it will offer high quality services.

“Greek tourism professionals will especially have a privileged position in this effort, as the new company and group policy will offer opportunities to improve the quality and range of services offered to customers,” he added.

This month MIG is expected to receive a total of 10 aircraft type A319 and A320.

For the first two or three years the new Olympic is considering not to include long-haul flights within its schedule so as to cut high operating costs within the initial operation of the airline.

Also, in July MIG received eight new Q400 aircraft to operate under the Olympic brand name, which include four Q400NextGen, with an option to purchase eight additional Q400NextGen aircraft.

The value of the firm order contract is some $224 million and could increase to $468 million if the eight options are exercised.

The company’s business plan has an aim to be marginally profitable as of the second year of operation.

The flight operations headquarters plans to run a fleet of jet aircraft for medium-haul flights to Europe and the Middle East and 11 propeller aircraft for domestic routes and non-profit lines.

According to press reports, for the first two or three years Olympic is considering not to include long-haul flights within its schedule so as to cut high operating costs within the initial operation of the airline.