Norwegian Competition Authority issues statement of objection to Norwegian-Widerøe merger

The Norwegian Competition Authority (Konkurransetilsynet) has issued statement of objections to the Norwegian-Widerøe merger since the Konkurransetilsynet is of the opinion that the market for air-travel in Norway is likely to be impeded if this acquisition is allowed to go through. Konkurransetilsynet highlighted that if the acquisition is allowed only two players will remain in the market thereby increasing the likelihood of price coordination, increase in overall price of the tickets and reduction in choice for consumers in selected routes where both the parties operate.