On Friday, the European Commission gave its approval to the merger between Thomas Cook and MyTravel. Without a smile, she believes that this approximation in no way harmed the competition between the european tour. With its blessing and after the shareholders agreement, yet to come, My Travel, Europe allows the birth of a group tour operator that will manage 33,000 employees and 19 million pax holidays and earn any revenue from 12 billion euros..
But what about, what to say In fact, it is questionable whether the expert’s Competition Commission have done their job. If they really understood all the consequences of their decision.
Contrary to what was said at the time of the announcement of two operations, there is no doubt that reconciliations between Thomas Cook and MyTravel and between TUI and First Choice were prepared for several months. Some items on show. In Ireland, these four operators are present and control the works as well as the Republic of Ulster.
TUI is the first TO Budget Travel through its subsidiary with a market share of 35%, while First Choice, Travel with Falcon and JWT, is in second place. Reconciliations would create a situation similar to that currently being experienced in Belgium. Namely, two operators holding more than 90% of the tourism market holds.
For the Commission, the new entity would find so dominant on the island and what would cause serious problems as regards competition. It was therefore asks groups to engage in the sale of one of their Irish businesses.