The European Commission blocked a merger between Aegean Airways and Olympic Air, concluding that the proposed tie-up would have resulted in a “quasi-monopoly on the Greek air transport market.”
Aegean Airlines A320. Courtesy, Aegean Airlines. The European Commission blocked a merger between Aegean Airways and Olympic Air, concluding that the proposed tie-up would have resulted in a “quasi-monopoly on the Greek air transport market.” The EC opened an antitrust probe into the proposed combination last August (ATW Daily News, Aug. 3, 2010). “We took this decision to protect consumers,” EC VP-Competition Joaquin Almunia said Wednesday, noting that the ...
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