31 JANUARY 2011

YOUR WORDS


Readers are invited to add their comments to any story. Click on the article to see and add.

BTN DISTRIBUTION

BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.

Index

Email this Page
Bookmark

The Business Travel News
PO Box 758
Edgware HA8 4QF
United Kingdom
+44 (0)20 8952 8383
info@btnews.co.uk
© 2019 Business Travel News Ltd.

Article from BTNews 31 JANUARY 2011

Aegean and Olympic not to merge

European Commission officials have blocked the proposed merger of Aegean Airlines and Olympic Air on the grounds it would create a quasi-monopoly in the Greek air transport market.  The EU says that a merger would lead to higher fares for four out of six million Greek and European consumers travelling on routes to and from Athens each year.  On the Greek domestic market the two carriers control 90% of the market.  It also points out that at the present time it is unlikely that another airline would enter the market.

Aegean is a member of Star Alliance and from Athens serves Heathrow at Terminal 1.  Olympic is owned by Greece’s Marfin Investment Group and at Heathrow uses T4.  BA also operates the route from T5, as does easyJet from Gatwick South.

The airlines had offered to cede take-off and landing slots at Greek airports, but Greek airports do not suffer from the congestion observed at other European airports in previous mergers or alliances.

The companies say that they are reviewing the EC decision and following internal consideration and consultation with their advisers will decide for their possible further actions within the framework of existing legislation. www.aegeanair.com www.olympicair.com

Index/Home page
 

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum


No one has commented yet, why don't you start the ball rolling?


Add your comment

First Name
Surname
Email Address
Company (Not obligatory)
Country/City
Comment
- You must be a registered subscriber using the email address entered to submit a comment, or you will be sent a confirmation email before your comment will appear.
- Your comment will be checked before appearing, which may take several working hours.
www.btnews.co.uk