Aegean Airlines/Olympic Air II (M.6796) [Archived]
Aegean Airlines/Olympic Air II (M.6796) [Archived]

The following Competition practice note provides comprehensive and up to date legal information covering:

  • Aegean Airlines/Olympic Air II (M.6796) [Archived]
  • Case facts
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CASE HUB

ARCHIVED–this archived case hub reflects the position at the date of the decision of 9 October 2013; it is no longer maintained.

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Case facts

OutlineEuropean Commission merger investigation into the planned acquisition by Aegean Airlines of Olympic Air (second attempt) (Case M.6796).

Latest developmentsThe Commission cleared the merger unconditionally under the failing firm defence on 9 October 2013. The Commission concluded Olympic Air would be forced to exit the market due to financial difficulties were it not acquired by Aegean and that there was no other credible purchaser (of either the whole business or any individual assets). Any competitive harm caused to the market by Olympic's disappearance as an independent competitor would not caused by the merger. Therefore, the Commission cleared the merger under the 'failing firm' defence.

Aegean Airlines offered commitments during the phase I investigation, but the Commission concluded that these did not satisfy the competition concerns. Fresh commitments were offered during the phase II investigation, but the Commission decided it didn't need to consider these given its conclusions.

PartiesAegean Airlines and Olympic Air

Aegean Airlines is a major Greek airline based at Athens airport. It operates domestic flights within Greece and international short-haul

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