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Aegean Airlines and Olympic Air merger expected to be blocked by EU

26-Jan-2011 9:46 AM

Aegean Airlines' plans to merge with Olympic Air is reportedly expected to be blocked by the European Union on 26-Jan-2011 after the airlines failed to offer sufficient concessions to appease the EU regulator’s antitrust concerns (Bloomberg, 25-Jan-2011).  An EU veto would be the first time the regulator has blocked a deal since it prevented Ryanair from proceeding with a hostile takeover bid for Aer Lingus in 2007.