I think there is genuine belief that both deals will pass through the Monopolies Commission without problem. The low cost market does give far more choice than a few years ago. Also, the decision to reject the MYT/FCA tie up some years ago was at a later date ruled as an illegal decision by the Europen courts. I don't see the Monopolies commision wanting to get dragged down a route this time where they WILL end up in the European Court of Justice, with a legal presedent having already been set there!
There is no doubting that the MYT/TCX merger creates a strong united company within the market place. I think FCA and TUI have looked at how they compete effectively within that new market. From a pure business perspective, I think Peter Long has achieved another masterstroke. He has found a strong way ahead for what is currently First Choice, protecting both the business and it's shareholders - surely what a Chief Exec should be doing?
30W