The EU Commission prohibits a proposed merger between two Greek airlines companies as it would have resulted in a quasi-monopoly on the Greek air transport market (Aegean Airlines / Olympic Air)

Merger: main developments between 1 January and 30 April 2011* The European Commission has prohibited on 26 January the proposed merger between Aegean Airlines and Olympic Air, as it would have resulted in a quasi-monopoly on the Greek air transport market. This would have led to higher fares for four out of six million Greek and European consumers travelling on routes to and from Athens each year. Together, the two carriers control more than 90 % of the Greek domestic air transport market and the Commission’s investigation showed no realistic prospects that a new airline of a sufficient size would enter the routes and restrain the merged entity’s pricing. The companies offered to cede take-off and landing slots at Greek airports, but Greek airports do not suffer from the

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  • JG Associates (Brussels)

Quotation

John Gatti, The EU Commission prohibits a proposed merger between two Greek airlines companies as it would have resulted in a quasi-monopoly on the Greek air transport market (Aegean Airlines / Olympic Air), 26 January 2011, e-Competitions Bulletin January 2011, Art. N° 48008

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