Olympic Airlines, formerly named Olympic Airways for at least four decades, was the flag carrier airline of Greece. It operated services to domestic destinations and destinations world-wide. Their main base was at Athens International Airport.
In 2009 Olympic Airlines ceased all operations and most flights. Olympic Air, the new airline formed from its privatisation, commenced flights.
Olympic Airways started operations in 1957. In 2003 the government restructured the Olympic Airways Group of Companies. The subsidiary, Macedonian Airlines, was renamed Olympic Airlines S.A. and took over the flight operations of Olympic Airways, erasing at the same time all of the airline’s debts.
Source: Wikipedia