Olympic Air Virtual comprises of seven (7) subsidiary companies, Olympic Airways, Olympic Aeroclub, Olympic Airlines, Olympic Cargo, Olympic Charter, Olympic Executive and Olympic Supersonic. Each one of them has a specific simulating purpose.
Olympic Airways is the main and older subsidiary of OAV. It handles all scheduled domestic and international flights, in essence copying the schedule of the real Olympic Air. Olympic Airways is operational since 1995, ever since Olympic Air Virtual was inaugurated. In addition to copying the schedule of the real Olympic Air, this subsidiary also flies all codeshare flights.
Olympic Aeroclub simulates the environment of a small aeroclub. The pilots of Olympic Aeroclub can fly anywhere they wish using the aircraft in the fleet. The can fly under IFR or VFR (including SVFR, DVFR).
The continuing evolution of OAV and more specifically Olympic Airways lead to the inauguration of Olympic Airlines on April 19, 2007 which simulates the operations of the real Olympic Air. Olympic Airlines is the third subsidiary of OAV that simulates fully the financial model of a real airline.
Olympic Cargo is the second subsidiary of OAV that simulates fully the financial model of real airline. It was inaugurated on March 2006 and is handling all cargo flights for our virtual group.
Olympic Charter was formed to fly to international destinations all over the world with increased tourist demand. It is the first virtual company of OAV to simulate fully the financial model of a real airline (ticket and cargo income, aircraft maintenance, pilot salaries, airport expenses, fuel, catering, etc.).
Olympic Executive is the latest subsidiary of Olympic Air Virtual Group. It commenced operations on March 2015 when the first test flights took place. Its goal is the simulation of an executive airline tasked with transporting VIP passengers to/ from various business hubs - mainly - and resorts of the world. Olympic Executive will operate exclusively VIP/business/executive oriented aircraft (e.g. Cessna Citation X, Boeing BBJ, etc.) and fly to/from VIP/business/executive oriented airports. Olympic Executive is simulating the financial model of a real airline (passenger fares, aircraft maintenance, pilot salaries, airport expenses, catering, fuel, etc.).
Olympic Supersonic is operating supersonic flights with the Concorde. Due to the special nature of this aircraft and supersonic flights in general, it was not possible to include it in any of the existing companies and a new one was formed. It is the fourth Subsidiary of OAV simulating the financial model of a real airline and flies all over the world.