Yes, unlike the US, where the largest airline could remove a major competitor from the market upon a nod from politicians, the EU will conduct an antitrust probe. Then again, the consolidation in the airline industry seems inevitable. I have no doubt that the AF-KLM merger will be approved in the end. And there will be more. The British Airways and Iberia BOD's already met for dinner the other day, and a Norwegian newspaper has been speculating about a Lufthansa bid for SAS.
Btw, the French government will further reduce its share in the airline - for the time being down to 20%. As a shareholder, you would not want anybody to dump 40% of the shares on the market in one lump, would you? Neither do the French.