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Travel & Tourism industry news by Greek Travel Pages (gtp)

European Commission Skeptical On Major Airline Merger

The European Commission may reject the merger plan between Olympic Air and Aegean Airlines due to competition concerns, press reports said last month.

Olympic Air-Aegean Airlines Merger Hit Obstacles

The European Commission will decide whether or not to approve the merger between Olympic Air and Aegean Airlines on 12 January 2011, according to European Commissioner for Competition, Joaquin Almunia. The merger was expected to receive approval by 7 December 2010.

Olympic Air/Aegean Airlines Agreement Under Investigation

The European Commission opened an in-depth investigation last month into the planned Olympic Air/Aegean Airlines merger as its initial inquiry into the deal showed it could raise “serious competition concerns.”

Air Transport Conference

An International Conference on Air Transport and Airports and their evolution in the 21st Century takes place next month at the University of Patras on December 3 and 4. Organizers expect to welcome some 300 experts in air transport from the European Union, including Greece, and...

Travel Company Mergers On Hold

Some six months ago the biggest news circulating within the local travel trade included the merger talks between Amphitrion and the Lambrakis group's Travel Plan, and the purchase of Manos Travel System by the Vassilakis group (Hertz). Neither deal reached fruition, nor did any...

Online Mergers Begin In Travel Sector

It looks as if the expected batch of mergers in the online travel sector has begun with the purchase of Expedia by USA Networks Inc. The Internet and TV cable company says it plans to become the world's online travel powerhouse by taking control of the world's second largest...

Plans Underway To Merge Grande Bretagne And King George Hotels

The Hyatt group of Thessaloniki, which has acquired a majority of shares in the Grande Bretagne hotel, and the Latsis-owned Eurobank are said to be close to finalizing an agreement to merge the classic Athens-center hotel and the defunct King George Hotel that sits empty next to it.

Festival And P&O To Join Forces

Festival Cruises and P&O Cruises announced last month that they would join forces in order to expand in the global cruise business. Festival, one of the Europe’s leading cruise lines, becomes a world cruise company once forces and joined with P&O, Princes and Germany’s Aida...

Mergers Turn 20 Ferry Lines Into Three, But Some Routes Monopolized

"Sales commission for travel agents has been reduced; there are fewer discounts available; special group rates have been abolished; and prices have risen more than 20% on some routes."