24-Apr-2013 10:04 AM

European Commission opens in-depth investigation into Aegean Airlines-Olympic Air acquisition

European Commission opened (23-Apr-2013) an in-depth investigation into Aegean Airlines' proposed acquisition of Olympic Air. The Commission stated it has concerns the acquisition may lead to price increases and poorer service "on several domestic Greek routes out of Athens, where the merged entity would have a monopoly or an otherwise strong market position." The Commission now has 90 working days, until 03-Sep-2013, to rule on whether to clear or block the acquisition. [more - original PR]