ECONOMY

Olympic’s subsidiary to take off

Macedonian Airlines is set to resume flying from end-March or early April, parent company Olympic Air announced yesterday. The first plans for the Thessaloniki-based airline include flights to Moscow, London, Paris, Amsterdam and a German airport, said Olympic Air general commercial director Stavros Daliakas. In the case of Amsterdam, Macedonian is considering a code-sharing agreement with Dutch carrier KLM so as to offer transatlantic destinations as well. Referring to Olympic’s first three weeks, Daliakas expressed his satisfaction with the Greeks’ reception of the airline, adding that the seat occupancy rate has reached 60 percent, with an aim for greater growth. However, there is no plan at the moment for the addition of new destinations to the flight schedule. Marfin Investment Group, owner of Olympic announced yesterday that the group’s vice president Andreas Vgenopoulos is the new president of Olympic Air.