BRUSSELS, July 30: The European Commission today formally cleared the merger of Boeing and McDonnell Douglas ending a five-month investigation which almost provoke a transatlantic trade war."There was no vote. There was no discussion," an EU source said, referring to the meeting of the 20 European Commissioners.The decision was a formality after the Euroepan Union's advisory committee of national competition experts last Friday approved the dollar 15 billion deal following last-minute concession by Boe-ing aimed at reducing the de-al's anti-competitive effect in Europe.Boeing's share of the commercial jets market will increase to 70 per cent from its current level of 64 per cent, leaving only European consortium airbus in a position to compete.The merged company is expected to generate $ 49 billion revenue this year, of which 61 per cent would come from commercial jets.
