“…In 1975, the Greek government became the single owner of Olympic Airways when it took over the airline from the Onassis group. At that time, the monopoly of the carrier was reconfirmed and extended to 2006; this is because back in 1956, a 50 year concession gave Onassis and Olympic Airways single designation as a national airline in international routes and a complete monopoly over domestic routes and related air transport activities including helicopter services, commercial aircraft maintenance and airline catering (Fragoudaki, 2000). As a result of this monopoly, charter carriers faced many impediments.…”
Section: Evolution In the Number Of Operating Airportsmentioning
“…In 1975, the Greek government became the single owner of Olympic Airways when it took over the airline from the Onassis group. At that time, the monopoly of the carrier was reconfirmed and extended to 2006; this is because back in 1956, a 50 year concession gave Onassis and Olympic Airways single designation as a national airline in international routes and a complete monopoly over domestic routes and related air transport activities including helicopter services, commercial aircraft maintenance and airline catering (Fragoudaki, 2000). As a result of this monopoly, charter carriers faced many impediments.…”
Section: Evolution In the Number Of Operating Airportsmentioning
“…Initial attempts to increase competition in the Aegean domestic air market did not prove successful, leading to the current oligopoly situation (Fragoudaki, 2000). There are only two airlines providing scheduled domestic services after 2002 with the publicly owned company having almost 60% of the market.…”
Section: The Greek Aegean Market As a Field Of Researchmentioning
“…A number of new operators entered the market gradually in an attempt to compete, but with limited impact. Most of them were unsuccessful mainly because a number of factors such as, lack of knowledge of the airline business, inadequate capital, poor management and Olympic's dominant position (Fragoudaki, 2000). An oligopoly emerged, with four companies licensed to provide schedule passenger services in 1999.…”
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