AEGEAN: European Commission’s approval of the acquisition of Olympic Air allows the creation of a viable, dynamic Greek carrier
The acquisition of the shares will be completed by 18.10.2013
Athens, 9 October, 2013 – The European Commission announced today its decision to approve the acquisition of Olympic Air by AEGEAN.
The rationale of the European Commission decision supports the absolute necessity of economies of scale to achieve viability within the Greek aviation market. The acquisition creates the conditions for the establishment of a sustainable Greek carrier, competitive within the Region and capable of supporting a growth momentum which will benefit Greek Tourism and the local economy.