In Greece, the Mouzenidis Group, one of the country's largest tour operators, has faltered. The group ceased business because they were broke and had to file for bankruptcy.
The group also includes the airline Ellinair. Most likely, the bankruptcy will also have an impact on the carrier. Mouzenidis owns numerous hotels and has so far focused on incoming traffic with a focus on Russia and Ukraine. The group's own airline flew almost exclusively for the company's own tour operators.
According to local media reports, they are currently looking for investors. It is still completely open whether the project will succeed. Ellinair currently operates one Airbus A319 and three A320s. You do not maintain your own line routes.