The European Commission has allowed Aegean Airlines to acquire the loss-making Olympic Air following a six-month investigation into the competition ramifications of the proposed acquisition. Under plans announced almost exactly a year ago, Star Alliance member Aegean will pay €72 million ($97 million) for Olympic Air, which will become a subsidiary. While back office and support functions will be merged, Aegean intends to keep the two brands, with each retaining distinct aircraft ...

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