Olympic Airlines to cut Vienna service

Olympic Airlines has announced plans to stop offering flights to Vienna.The Greek aviation firm explained today (Weds) the decision was part of a company-internal restructuring process.Olympic Airlines was recently kept by the European Commission (EC) from merging with local rival Aegean Airlines.Now Olympic Airlines said, it would reorganise its schedules as a consequence. The airline said, it would cut routes to Vienna, the British capital London, Brussels in Belgium and to Paris, the capital city of France but failed to announce when the final flights to these cities will take off.Olympic Airlines was established in 1957. The airline, which is headed by Pyrros D. Papadimitriou, has its headquarters in Athens. It currently offers one to two daily connections between the capital cities of Greece and Austria.The Greek firm’s announcement comes on the heels of news that FlyNiki, a leading low-cost carrier based in Vienna, will stop operating flights between Vienna and Innsbruck, Tyrol.FlyNiki said yesterday the last scheduled connection between Vienna International Airport (VIA) and Innsbruck-Kranebitten Airport will occur on 25 April. The airline started offering a link between the cities more than two years ago.FlyNiki said it managed to double the number of passengers on the service in that time, but failed to make the connection profitable.