Olympic Air to reduce A319/A320 fleet by six aircraft

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Olympic Air plans to reduce its fleet of Airbus A319s and A320s by six aircraft as part of a new strategy to focus its operations on the domestic and south-east European market.

The carrier's president, John Karakados, tells ATI that it is "currently in negotiations" regarding the return of six A319/A320s. Olympic operates a fleet of nine A320s and three A319s, according to Flightglobal's ACAS database.

Karakados adds that the proposed merger with Aegean Airlines, which was blocked by the European Commission, is "not relevant to our business strategy", despite a statement released by the company yesterday which said that Olympic "together with Aegean Airlines will appeal against the decision of the European Competition Commission".

"The strategy of Olympic Air is to focus its operations on the SE European and Greece's domestic network area with the aim of being the distinguished regional leader by leveraging our product/service and fleet oriented competitive advantage," says Karakados.

"This is a standalone plan that we believe makes good sense for Olympic Air and particularly in view of the fact that there is no merger with Aegean going forward (ie this option is no longer being pursued."