Greek airline merger blocked by Europe – TravelMole true

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Greek airline merger blocked by Europe

Saturday, 27 Jan, 2011 0

A proposed merger of Aegean Airlines and Olympic Air has been blocked by the European Commission.

After a 10-month investigation, the Commission decided the tie-up of the two Greek airlines would lead to higher prices and reduced quality of service for four million customers.

The airlines said an opportunity had been lost and the decision would have negative consequences for the Greek economy.

 

By Bev Fearis

 

 

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Bev

Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.



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