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Industry Challenges of Olympic Air & Aegean Airlines Merger

Several difficulties have surfaced in the merger of the two Greek airlines, Olympic Air and Aegean Airlines.  According to European Competition Commissioner Joaquín Almunia, the difficulty with the acceptance of this merger is that the two companies represent a significant percentage of the airline industry in Greece.  Merging these two companies will kill any competition in the industry.
EU authorities are in discussions and will decide on the future of the merger by January 12, 2011.

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