V-Flyer

Aegean Airlines to acquire Olympic Air


The EC blocked a merger last year, I wonder if the Greece crisis has changed their mind, and what this means for FR/EI.

Sealink wrote:The EC blocked a merger last year, I wonder if the Greece crisis has changed their mind, and what this means for FR/EI.

Eeek! :0 :0 :0

Ryanair have already commented on it:

“The merger of Aegean and Olympic is another logical merger of two EU airlines operating in the same market and mirrors this year’s British Airways takeover of BMI, in the UK, and Ryanair’s current offer for Aer Lingus in Ireland.

As Europe’s airlines continue to consolidate Ryanair believes that its offer for Aer Lingus will be approved by the EU Competition Authorities if they follow the precedent set in the BA/BMI merger and this merger between Aegean and Olympic in Greece is another inevitable step in the consolidation process of Europe’s smaller, former flag carrier, airlines.”