The EU Commission blocks a merger as its clearance would have resulted in a quasi-monopoly on the Greek air transport market (Olympic Air / Aegean Airlines)

Article published on Centre for Competition Policy blog.

EU Commission Steers Clear of another Antitrust Disaster in Greek Air Transport, but for how long?* This month, the European Commission blocked the proposed merger between Greece’s two main airlines, Olympic Air and Aegean Airlines. What seemed like an insignificant concentration between two minor players in international passenger air transport would have destroyed competition in the market for domestic flights in Greece. Olympic and Aegean make up around 77% of flights out of Athens International Airport. While the decision is beneficial to European air passengers travelling within Greece in the near future, can two Greek airlines survive the economic downturn? The European Commission only very rarely blocks a

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  • University of East Anglia (Norwich)

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Andreas Stephan, The EU Commission blocks a merger as its clearance would have resulted in a quasi-monopoly on the Greek air transport market (Olympic Air / Aegean Airlines), 26 January 2011, e-Competitions January 2011, Art. N° 38599

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