It seems that Greek flag-carrier Olympic Airlines will be replaced by a new airline company with a different name. Olympic Airlines was created by the Greek government back in 2003 to replace the old Olympic – Olympic Airways. The government has tried time and time again to privatize it, and with the latest attempt unsuccessful, it seems that they’re going to shut it down and relaunch it.

Details are still sketchy, but the new entity will apparently have the word ‘Olympic’ in its new name. Some possibilities as of now are Olympic Air or Air Olympic.