The story
Air Greece was established in 1994 by Cretan businessmen and started operations in
the same year using two leased ATR 72 turboprops on domestic routes. In April 1997
a third ATR 72 was added to the fleet, followed by the lease of two Fokker 100s in May
and June 1999. Delivery of the Fokkers marked the international expansion of the
company and new routes to destinations in Germany were opened.
In 1999, passenger ferry company Minoan Lines acquired a 51% stake in Air
Greece. However, at that time Air Greece
was facing strong competition from Aegean Airlines, Cronus Airlines and
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Olympic Airways, forcing it to begin a cooperation with Aegean which ended
in a full takeover by Aegean in December 1999.
During 2000, Air Greece's original owners made an unsuccessful attempt to
launch Cretan Airways as its successor.
From Wikipedia’s article on Air Greece, shared under CC BY-SA 4.0.3