Aegean has bought the Olympic Air after the European Union cleared the purchase (read more here) and now you can earn and burn Miles&Bonus miles on Olympic Air flights.
Aegean Miles&Bonus member have been able to earn tier miles on Olympic Air flights starting on February 1, 2014, and the redeeming miles have been possible since February 11, 2014.
You can access Aegean’s chart of earning miles here and burning here.
Conclusion
The Olympic Airlines is not part of Star Alliance, although it is owned by alliance member Aegean. Members of other Star Alliance frequent flier programs are not currently able to earn or redeem on Olympic Air flights.
If I am having Olympic Miles, will they be combined with my Aegean Account in the near Future? Or do the bothe programs stay separate?
The airlines are staying separate (at least for now). Doesn’t really make any sense for Aegean to have two separate programs. No idea what will happen.
So, if you were in my Shoes, would you keep the Olympic miles and wait for a possible Merger in the near future, or would you take 5k Olympic Miles and transfer them to HHonors?
I would wait unless you desperately would the HH.
Thank you!
So I will keep them!