The European Fee opened an in-depth investigation final month into the deliberate Olympic Air/Aegean Airways merger as its preliminary inquiry into the deal confirmed it may increase “critical competitors issues.”
Based on an announcement launched by the fee final month, preliminary investigations into the proposal revealed critical issues with regard to competitors, that are to be explored additional.
The brand new airline to return from the merge is deliberate to service 106 home and worldwide routes, make use of 5,850 employees members and function a fleet of 64 carriers.
“The Fee should make it possible for customers and companies will proceed to have a aggressive selection of airline companies in Greece, particularly at a time of adverse financial circumstances,” European competitors vice-president Joaquin Almunia stated.
The inquiry is ready to conclude by 7 December when the Fee would announce the ultimate determination on whether or not or not it provides the inexperienced mild to the merger of the 2 Greek airline corporations.
In the meantime, the Hellenic Airline Pilots Affiliation just lately referred to as on to native administrations, businessmen and tourism professionals to dam the merger between Olympic Air/Aegean Airways. The affiliation stated that such a merger would create an absolute monopoly within the Greek air aviation market.