Go Back  FlyerTalk Forums > Miles&Points > Airlines and Mileage Programs > Aegean Airlines | Miles&Bonus
Reload this Page >

For sale 2 Olympic Airlines A340's complete with log books

For sale 2 Olympic Airlines A340's complete with log books

Old Mar 8, 16, 1:35 pm
  #1  
Original Poster
 
Join Date: Jun 2006
Posts: 4,731
For sale 2 Olympic Airlines A340's complete with log books




The Fund is in the process of launching an international public tender for the following two Airbus aircrafts held in long term (deep) preservation at the Athens International Airport and under the care of Olympic Airlines CAMO:

(a) A 4 -engine Airbus aircraft model A340-300 with MSN 280, including all associated historical and technical records.

(b) A 4-engine Airbus aircraft model A340-300 with MSN 292, including all associated historical and technical records.

Advisers
Technical
ICF International
Legal
Norton Rose Fulbright Greece

http://www.hradf.com/en/portfolio/airbus-a340-300-en
DELLAS is offline  
Old Mar 8, 16, 1:59 pm
  #2  
 
Join Date: Feb 2014
Location: OTP, CHQ, EIN and beyond
Programs: AF/KL platinum, Turkish gold, Aegean silver
Posts: 1,061
Maybe something for KLouis? After having a little fishing boat, getting your own plane is the only next logical step! Although I'm afraid an A340 requires quite a bit more of fuel to keep it going
Romanianflyer is online now  
Old Mar 8, 16, 2:30 pm
  #3  
Original Poster
 
Join Date: Jun 2006
Posts: 4,731
Or Q the rumors of A3 buying them and starting JFK
DELLAS is offline  
Old Mar 8, 16, 2:34 pm
  #4  
 
Join Date: Mar 2009
Location: ZRH/SFO
Programs: A3*G - AZ CFP- HH DIA
Posts: 3,652
Small chances that somebody is buying some 343 this days...
Air Rarotonga is offline  
Old Mar 8, 16, 3:49 pm
  #5  
 
Join Date: Nov 2004
Location: YYZ, HKG, MFM
Programs: *S(A3), Marriott Plat, AS MVP, BA, AP, DL, KE
Posts: 1,837
Originally Posted by Romanianflyer View Post
Maybe something for KLouis? After having a little fishing boat, getting your own plane is the only next logical step! Although I'm afraid an A340 requires quite a bit more of fuel to keep it going
He should invite us for a party inside the plane
Jma12 is offline  
Old Mar 8, 16, 6:06 pm
  #6  
Senior Mod and Moderator: Aegean Miles&Bonus and British Airways
 
Join Date: Jan 2009
Location: Norwich, UK
Programs: A3*G, BA Gold, BD Gold (in memoriam), IHG Spire
Posts: 6,021
Are these the frames currently parked up at ATH, and if so have they been there long? I saw a couple of 4-engined planes with OA logos parked near a hanger as I left on Sunday, and I can't remember seeing them before.
NWIFlyer is offline  
Old Mar 8, 16, 7:37 pm
  #7  
 
Join Date: Jan 2004
Location: Heraklion, Greece
Posts: 6,551
Originally Posted by Air Rarotonga View Post
Small chances that somebody is buying some 343 this days...
It seems that there is at least one potential buyer who wants to use them as a source of (cheap) spare parts.

Originally Posted by Romanianflyer
Maybe something for KLouis? After having a little fishing boat, getting your own plane is the only next logical step! Although I'm afraid an A340 requires quite a bit more of fuel to keep it going
There is an old saying: the two happiest days in the life of a boat owner are the day he buys his boat and the day he gets rid of it. I've had, so far, two "happiest" ones of the first kind and only one of the second, and the future second one of that kind takes absolute priority over a plane

Originally Posted by Jma12
He should invite us for a party inside the plane
Hah! I prefer a little ouzo plus mezedaki on my boat. I never thought of a plane as a place where I'd like to spend more time that the necessary minimum!
KLouis is offline  
Old Mar 9, 16, 3:30 am
  #8  
 
Join Date: Apr 2005
Programs: AF/KL FB Plat ; A3 Gold ; HH Gold ; IHG Plat Amb
Posts: 2,018
Originally Posted by KLouis View Post
Hah! I prefer a little ouzo plus mezedaki on my boat. I never thought of a plane as a place where I'd like to spend more time that the necessary minimum!
I can think of aegean business class, with ouzo by the window seat, with the sun reflecting on the glass and accelerating the melting of the ice and thus the drinking, which follows by a prompt refill... and a good sleep on the descent
ranskis is offline  
Old Mar 9, 16, 4:43 am
  #9  
Original Poster
 
Join Date: Jun 2006
Posts: 4,731
Originally Posted by NWIFlyer View Post
Are these the frames currently parked up at ATH, and if so have they been there long? I saw a couple of 4-engined planes with OA logos parked near a hanger as I left on Sunday, and I can't remember seeing them before.
Yes they were parked on the Satt. stands for years but when AIA got busy again the space was needed so they were moved to the old Olympic hanger. They have been kept quite well maintained inside and out. They fire up the engines on a regular basis at great expense to the tax payer. Time to sell but they should have been sold long ago.
DELLAS is offline  
Old Mar 9, 16, 11:30 am
  #10  
 
Join Date: Dec 2009
Location: New York, NY
Programs: UA, Marriott Gold, Hilton Gold, Hyatt (Lifetime Diamond downgraded to Explorist)
Posts: 6,549
DL sure loves used gas guzzlers.
Yoshi212 is online now  
Old Mar 9, 16, 12:08 pm
  #11  
 
Join Date: Dec 2013
Programs: AY+ Plat, A3*G
Posts: 577
Originally Posted by DELLAS View Post
Yes they were parked on the Satt. stands for years but when AIA got busy again the space was needed so they were moved to the old Olympic hanger. They have been kept quite well maintained inside and out. They fire up the engines on a regular basis at great expense to the tax payer. Time to sell but they should have been sold long ago.
Last flights were in 2009, so 7 years just standing in ATH.
Furry is offline  
Old Mar 9, 16, 5:09 pm
  #12  
 
Join Date: Jan 2004
Location: Heraklion, Greece
Posts: 6,551
Originally Posted by DELLAS View Post
Yes they were parked on the Satt. stands for years but when AIA got busy again the space was needed so they were moved to the old Olympic hanger. They have been kept quite well maintained inside and out. They fire up the engines on a regular basis at great expense to the tax payer. Time to sell but they should have been sold long ago.
Actually they were sold a few years back, but the sale was cancelled by a court decision saying that the price was too low. The asking price is now about half of what was agreed back then.
KLouis is offline  
Old Mar 10, 16, 2:14 am
  #13  
 
Join Date: Oct 2012
Location: PAS, Paros Greece
Programs: A3 *G
Posts: 1,034
Originally Posted by DELLAS View Post
Yes they were parked on the Satt. stands for years but when AIA got busy again the space was needed so they were moved to the old Olympic hanger. They have been kept quite well maintained inside and out. They fire up the engines on a regular basis at great expense to the tax payer. Time to sell but they should have been sold long ago.
Their two sisters, which were parked with them were scrapped around three years ago. I had assumed that since these were moved over to the hangars they would be going the same way... Maybe they still will - there can be little demand for these a/c.

Knobbgb is offline  
Old Mar 10, 16, 2:16 am
  #14  
A FlyerTalk Posting Legend
 
Join Date: Sep 2009
Location: Minneapolis: DL DM charter 2.3MM
Programs: A3*Gold, SPG Plat, HyattDiamond, MarriottPP, LHW exAccess, ICI, Raffles Amb, NW PE MM, TWA Gold MM
Posts: 83,916
Originally Posted by Air Rarotonga View Post
Small chances that somebody is buying some 343 this days...
DL buys old airplanes.

BTW, in the OP, does The Fund mean the IMF? If so, I didn't realize that they were in the business of selling aircraft, even when default on loans is involved.
MSPeconomist is offline  
Old Mar 10, 16, 3:12 am
  #15  
Senior Mod and Moderator: Aegean Miles&Bonus and British Airways
 
Join Date: Jan 2009
Location: Norwich, UK
Programs: A3*G, BA Gold, BD Gold (in memoriam), IHG Spire
Posts: 6,021
Originally Posted by MSPeconomist View Post
BTW, in the OP, does The Fund mean the IMF? If so, I didn't realize that they were in the business of selling aircraft, even when default on loans is involved.
No, it refers to the Hellenic Republic Asset Development Fund, essentially the Government quango (at least, that's what we'd call it in the UK) which manages significant State assets. They also run a number of ports, for example.

I suppose the IMF, or other creditors, may come into play here if they are insisting on the Government paying some money back which is forcing a sale, but if that's the case I doubt they care what is sold to achieve that per se.
NWIFlyer is offline  

Thread Tools
Search this Thread