Greece’s Olympus Airways retires 757s

Olympus Airways (OLY, Athens Int’l) has retired both of its B757-200(PCF)s as it plans to restructure its fleet around passenger and cargo B737-800s, Cargo Facts has reported.

SX-AMJ (msn 25294) and SX-APX (msn 25297) were re-registered in the United States as N224NZ and N225NZ, respectively, on February 14, 2022. The former was retired by the airline in mid-September 2021 and subsequently ferried for storage at Goodyear, where it has remained since. The latter, in turn, continued to operate under a wet-lease agreement with Airwork Flight Operations (PST, Auckland Int’l) on the Auckland Int’l-Sydney Kingsford Smith route through December 9, 2021. It has since been parked in New Zealand.

Both aircraft were dry-leased by the Greek airline from Airwork Holdings, the ch-aviation fleets ownership module shows. Olympus Airways added them in late 2019 and early 2020 as it sought to enter the cargo market. Its plans to add more B757 freighters never materialised.

The carrier said that it is now planning to build its passenger and cargo fleet around the B737-800 type but did not disclose if it had already secured any aircraft on lease or conversion slots.

The ch-aviation fleets advanced module shows that currently, Olympus’s passenger fleet comprises two A321-200s: SX-ABQ (msn 1060) has been stored at Antalya since March 2020, while SX-ACP (msn 1015) has been parked at Alexandria Borg el Arab since mid-December 2021, following the conclusion of a wet-lease agreement with Air Libya (7I, Tripoli Mitiga).