Brussels, 09/10/2013 (Agence Europe) - As expected (see EUROPE 10936), on 9 October, the European Commission gave the go-ahead to the acquisition of Greek airline Olympic Airways by its rival Aegean Airlines. The Commission's investigation showed that Olympic Airways would have folded in any case due to its precarious financial situation, leaving its rival as the only supplier of domestic Greek air services, so competition would have disappeared with or without the merger.
Although it...