(Reuters) – Aegean Airlines (AGNr.AT) may have to offer fresh concessions to secure EU approval for its second bid to buy Greek rival Olympic Air (MRFr.AT), after the EU’s competition watchdog deepened its investigation into the deal on Tuesday. Aegean submitted concessions to the European Commission last month, including capping fares on some domestic routes. […]
Flight Global By Alan Dron Flights to and from Greece are being severely affected as two national strikes sweep across the country to protest the government’s austerity plans. All flights using Greek airports have been cancelled for the duration of strikes by air traffic controllers between 06:00-10:00 and 18:00-22:00 local time on 28 and 29 […]
Bulkan Business News Michael Roberts – 04.03.2011 In a recent release, Olympic Air’s new Board of Directors, decided to reshape the company’s planning, focusing on strategic development. The target for Olympic Air is to become a leader in Southeast Europe by exploiting the competitive advantage of its high quality services. EU’s Competition Commission recent decision […]
Posted Friday, 4 March, 2011 – 11:16 by Sara Turner Greek carrier Olympic Air will drop its flights to London Heathrow and London Gatwick from March 27. The airline will also stop flying to Brussels, Paris and Vienna, instead focusing on expansion of its network in south-east Europe. The move follows the EU Competition Commission’s […]
Associated Press ATHENS, Greece – Greece’s Olympic Air says it will cut routes to London, Paris, Vienna and Brussels as part of a reorganization in the wake of the European Commission’s decision to block a proposed merger with local competitor Aegean Airlines. An Olympic statement says both companies will appeal to European courts against the […]
New Europe The case of the merger of two private Greek airliners, Olympic and Aegean is on the spotlight again as the European Commission has to decide, next week whether such merger is possible or not. Almost a year ago, the boards of the two airlines agreed a merger. As we reported at the time, […]
Greece’s two major airlines, Olympic Air and Aegean Airlines SA, are merging to create a “national airline champion,” the companies said in a statement Monday. The two airlines together have 97 per cent of the Greek domestic air travel market and will use the name Olympic Air after a transition period in which the Aegean […]