ECONOMY

EU extends in-depth probe of Aegean Airlines-Olympic Air deal

European Union regulators extended the deadline for their in-depth probe of Aegean Airlines SA’s renewed bid to buy Olympic Air and form Greece’s biggest carrier.

The new deadline for the review of the deal is Sept. 25, the European Commission said in a filing on its website today. It didn’t specify the reason for the delay.

The regulator opened an in-depth probe into the deal on April 23, citing concerns the deal would lead to price increases and poorer service on several domestic Greek routes out of Athens.

[Bloomberg]