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Virgin’s complaint to EU urges blocking IAG’s acquisition of BMI

 |  February 17, 2012

Virgin Atlantic Airways has submitted a complaint to the EU, urging the rejection of International Consolidated Airlines Group (IAG)’s proposed acquisition of BMI, a Deutsche Lufthansa unit. IAG owns British Airways; its purchase of BMI would give it control of more than half of the landing slots at London Heathrow airport. In its complaint, Virgin predicts higher fares and monopoly routes from Heathrow to Aberdeen, Edinburgh and Manchester will result from the deal.

Source: Bloomberg


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