EU Watchdog Grounds Greek Airline Merger

Law360, New York (January 26, 2011, 12:55 PM EST) -- In an unusual move Wednesday, European antitrust regulators blocked a proposed merger between Greece's two largest airlines, Aegean Airlines SA and Olympic Air SA, saying the combination would create a quasi-monopoly in the country's air transportation industry.

The European Commission concluded that together, the airlines would have held a virtual monopoly for nine transportation routes between Athens and other major destinations in Greece.

While the companies offered to give up takeoff and landing slots at airports in Athens and the other cities, the regulator said the...
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