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EU OK for IAG

 
The European Commission has approved the €1.4 billion takeover of Aer Lingus by the British Airways’ owner International Consolidated Airlines Group (IAG).
The commission found that the takeover could “ultimately have led to higher prices” by reducing competition on certain routes. It was particularly concerned about competition the Dublin-London, Belfast-London and Dublion-Chicago routes.
The commission was swayed to clear the deal, however, after IAG agreed to give up five pairs of slots at London Gatwick and also to maintain Aer Lingus connecting flights with IAG’s long-haul rivals, such as Virgin.
 
 
 
 
 

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