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European Commission Spokesman's Briefing for 99-09-22

Midday Express: News from the EU Commission Spokesman's Briefings Directory - Previous Article - Next Article

From: EUROPA, the European Commission Server at <http://europa.eu.int>

MIDDAY EXPRESS

News from the Spokesman's midday briefing

Nouvelles du rendez-vous de midi du Porte-Parole 22/09/1999b


CONTENTS / CONTENU

  • [01] Commission prohibits Airtours' takeover of First Choice in UK leisure travel sector Résultats de la Commission de ce jour - Outcome of today's Commission meeting

  • [01] Commission prohibits Airtours' takeover of First Choice in UK leisure travel sector

    The European Commission has prohibited the acquisition by Airtours plc of First Choice Holidays plc. The proposed operation affects the supply of foreign package tour holidays to UK residents and in particular, those package holidays (a large majority of the total) made by air to the popular 'short haul' destinations in the mainland and islands of Southern Europe and North Africa. The market structure is already highly concentrated with four vertically integrated companies having some 80% of the short-haul tour operating market between them. The rest of the market is fragmented amongst a large number of much smaller players, none of them fully integrated and most with shares of 1% or less. The takeover would create a market structure in which the remaining three vertically integrated companies would collectively have a dominant position, as First Choice would disappear both as a competitor in its own right and as a supplier of charter airline seats and travel agency distribution to the non-integrated operators. Airtours has proposed undertakings which were not, however, sufficient to prevent the creation of a position of collective dominance.

    MIDDAY EXPRESS


    From EUROPA, the European Commission Server at http://europa.eu.int/
    © ECSC - EC - EAEC, Brussels-Luxembourg, 1995, 1996


    Midday Express: News from the EU Commission Spokesman's Briefings Directory - Previous Article - Next Article
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