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The OA Board of Directors decision is a result of a study concluded by Olympic Airways and Olympic Airtours executives who formed a special committee for this specific reason.
The incorporation of Olympic Airtours in the Mother Company was judged to be the most realistic solution, under the present circumstances, for the following reason:
The preservation of Olympic Airtours under its present status, doesn`t guarantee perspective development and future profitability. On the other hand, the company has sufficient infrastructure, relevant experience in the tourism industry and access to the tourism market, which could offer OA group more benefits. Furthermore, this solution offers a lot of advantages such as:
The strengthening of the company`s sales strategy, since tourism will be included its commercial policy.
The smooth integration of Olympic Airtours employees into OA, since there is no significant differences in the salary levels between the two companies.
