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Olympic Airlines in trouble?

I've been reading lately that there's some shakeup going on at Olympic Airlines. It's hard to follow since it really only shows up on greek news pages and google translate can only do so well :). It sounds like Olympic Airlines is going to be absorbed by Pantheon Airways? Does anyone know what's going on? I've got a ticket on Olympic from Madrid to Greece booked at the beginning of September and I'm getting a little nervous that something could get canceled at the last minute.

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3149 posts

You can read more about it here:

http://www.ekathimerini.com/4dcgi/_w_articles_economy_1_15/07/2008_98572

Take note that the transition is scheduled to begin in October.

As for cancellations, Olympic has been plagued with them this season. This changeover to Pantheon is the result of an ongoing decline in Olympic's service record caused by strikes, sub-par systems management and indifferent customer service. I suggest you formulate a backup plan or change your ticket if you don't want to take a chance.