Olympic Air to Merge with Aegean

The European Commission has approved the merger of Olympic Air by Aegean Airlines. The Greek airlines first proposed the acquisition in 2010 but the deal was blocked due to its effect on competition. Since that time, Olympic Air has changed considerably, dropping from a mixed fleet of 32 aircraft to just 15 turboprops. Additionally, the pair previously competed on nine routes, flying four million passengers a year whereas they now compete on three routes, plus two more in the summer, covering 950,000 passengers. Aegean Air is supported by Star Alliance.

https://www.olympicair.com/en
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