Η επίδραση του ανταγωνισμού στον κλάδο των αερομεταφορών: μία θεωρητική και εμπειρική διερεύνηση
The effect of competition in the airline industry: a theoritical and empirical investigation
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Keywords
Συγχωνεύσεις ; Εξαγορές ; Ανταγωνισμός ; Επιτροπή Ανταγωνισμού ; ΑερομεταφορέςAbstract
The aim of this master thesis was to investigate the impact of competition in the airline industry is based on the merger of airline companies Aegean Airlines and Olympic Airways. More specifically, it examines the consequences in the airlines industry due to the merger.
Firstly, it presents the evolution of the phenomenon of mergers and acquisitions and also it presents the companies of airline industry in which this master thesis examines. Moreover, it presents the legislation of mergers and acquisitions both in Greece and in the European Union. Also, in this paper presents the decisions of the European Competition Commission which are referring to merger between Aegean Airlines and Olympic Air. Finally, this master thesis describes the methology of event study analysis and the result of this research.
In conclusion, the aim of this master thesis is to present the effect of the merger between Aegean Airlines and Olympic Air. Last but not least, this paper aims to highlight this event in order to exist food for thought for furthering research.