A wide range cooperation agreement between Olympic Air and Cyprus Airways has been signed by Mr. Yiannis Karakadas, Olympic Air’s Executive Chairman, and Mr. George Mavrokostas Cyprus Airways Executive Chairman. The agreement focuses on the strengthening of the presence of the two airlines in the wider region of Southeastern Europe.
The agreement which was signed in Nicosia creates new horizons for the two companies, while offering important advantages to travelers. It provides for code sharing direct scheduled flights of Olympic Air and Cyprus Airways (domestic and international). Cooperation between the two companies will start on March 27th, with code shared flights from (and to) Athens, Rhodes, Herakleion and Thessaloniki, to (and from) Larnaka and Pafos. As from April 15th, it will be expanded to cover most domestic and international destinations, of Olympic Airways as well as flights of Cyprus Airways.
Travelers will have a much greater range of choices for trips, with cheaper air-fares to dozens of Greek islands and cities as well as the other European destinations that the two companies cover. Passengers of each company will collect points from the Sunmiles frequent flyers’ programmes of Cyprus Airways and the Travelair Club of Olympic Air for the entire itinerary up to their final destination, regardless of whether one leg of the trip involves one company or the other. At the same time they will have the opportunity to redeem the points they collected in both companies, winning more free trips. Details will be announced at a later date.
Cooperation between the two airlines will cover other sectors as well, such as the provision of ground services at the airports of Greece and Cyprus, the joint use of VIP lounges and the exploration of all options for the utilization of the infrastructures of the two airlines.
Olympic Air’s Executive Chairman Mr. Yiannis Karakadas made the following statement: “Our common origins and the high standard of passenger service which characterize both Cyprus Airways and Olympic Air will receive a big boost as a result of this agreement, creating an even larger network for our passengers who will benefit from the common vision of excellence in the services we provide. Today Cyprus Airways and Olympic Air are laying the foundations for cooperation with excellent prospects of further expansion.”
Cyprus Airways Executive Chairman Mr. George Mavrokostas said: “I am pleased that this common effort has born fruit and I am sure that a new era is dawning in the relations between Cyprus Airways and Olympic Air, with a promising future for both organizations. The prospects of the new cooperation lead to a stronger presence of the two companies in the wider region of Southeastern Europe during a very difficult
period for international air transport, offering important benefits and advantages to the traveling public.”