Private company

Olympic Aviation

Greek airline

Olympic Aviation was a subsidiary of Olympic Airways, the Greek national flag carrier.2 It is part of Olympic Airways Services.1 It ceased to exist in 2003.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1971Founded1
Dornier 228-201, Olympic AN0205356
Photo: JetPix, GFDL 1.2, via Wikimedia Commons4

Olympic Aviation was a subsidiary of Olympic Airways, the Greek national flag carrier.2

The story

Olympic Aviation was created on 2nd August 1971 to take over the operations of the light aircraft and helicopter division of Olympic Airways, with Alexander Onassis appointed as President. It expanded to provide an airline service between mainland Greece and various Greek islands inaccessible to the larger aircraft in the parent company (Olympic Airways) fleet, using types such as the BN-2 Islander and Short Skyvan. In 1980 when Olympic Airlines retired their YS-11 aircraft, Olympic Aviation took over their services with a fleet of Shorts 330. In 1984 a number of 19-seat Dornier 228 were introduced, replacing the Islanders & Skyvans. And in 1990/91 a larger number of ATR 42 & ATR 72 aircraft began arriving, replacing the Shorts 330s, and at the same time allowing a considerable increase in capacity. Finally in 1999 Olympic Aviation purchased three Boeing 717, their first jet aircraft.

The company was also responsible for charter flights in the Olympic Airways Group of Companies, until Macedonian Airlines was created in 1992.

Olympic Aviation Flight Academy

The Flight Academy operated under the supervision of Olympic Aviation, using flight simulators for ATR-42/72 aircraft, as well as Boeing 737-200/300/400 aircraft.

From Wikipedia’s article on Olympic Aviation, shared under CC BY-SA 4.0.3

Products and brands

Airliner types re-integrated into Olympic Airlines at December 2003

ATR 42 (since 1990);

ATR 72 (since 1989);

Boeing 717-200 (since 2000);

The three Boeing 717 aircraft were leased to serve some of Olympic Aviation's European flights, based at Makedonia Airport of Thessaloniki. Shortly after the retirement of the Olympic Airways's Boeing 737-200s, the 717s were used on Olympic Airways's European destinations.

Read the full text

Historical fleet

Airliner types

Britten-Norman BN-2 Islander (1971-1985)

Dornier 228 (1983-2003)

Shorts Skyvan (1970-1990)

Shorts 330-200 (1980-1992)

Light aircraft types

Cessna 150/152; e.g. SX-BDG/P/Q/R

Piaggio P.136; Amphibious aircraft (two, SX-BDB & SX-BDC), often used by Onassis family in conjunction with private yacht Christina O.

Piper Aztec; (1968-1992) e.g. SX-BDE, SX-BDL

Piper Cherokee; (1969-1973) e.g. SX-BDF/I/K/M

Piper Navajo; (1968-1973) SX-BDD

Piper PA-44 Seminole; SX-BDZ

Helicopters

Alouette III; e.g. SX-HAC/I/N

Agusta A.109 Hirundo; e.g. SX-HDA

Bell 206 Jetranger; SX-HBF

AS350; e.g. SX-HBI

Hughes 269; e.g. SX-HNB

MBB Bolkow Bo 105; e.g. SX-HET

Aérospatiale SA 321 Super Frelon; F-OCMF

In December 2003, the flight academy as well as most of the Olympic Airways Group companies, became part of a new company called Olympic Airways - Services S.A.. Olympic Aviation continues to operate, mainly to provide helicopter charter services, under the Olympic Airways - Services management. Its turboprop and jet aircraft fleet, as well as that of Olympic Airways and Macedonian Airlines was integrated into a new company, Olympic Airlines.

From Wikipedia’s article on Olympic Aviation, shared under CC BY-SA 4.0.3

Subsidiaries and ownership

Parent company

  • Olympic Airways Services

From Wikidata.1

Timeline

  1. 2003Dissolved Dissolved1
  2. 1971Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4