IAG receives EC approval for BMI acquisition

Share

• Copy link
• Facebook
• X
• Linkedin
• Whatsapp
• Pinterest

Share this article

Join the conversation

Follow us

Add us as a preferred source on Google

Newsletter

Get the MoneyWeek Newsletter

Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.

Contact me with news and offers from other Future brands Receive email from us on behalf of our trusted partners or sponsors

---

By submitting your information you agree to the Terms & Conditions and Privacy Policy and are aged 16 or over.

You are now subscribed

Your newsletter sign-up was successful

---

Want to add more newsletters?

Twice daily

MoneyWeek

Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.

Signup +

Four times a week

Look After My Bills

Sign up to our free money-saving newsletter, filled with the latest news and expert advice to help you find the best tips and deals for managing your bills. Start saving today!

Signup +

---

An account already exists for this email address, please log in.

Subscribe to our newsletter

The European Commission granted International Airlines Group (IAG) the authorisation needed to acquire British Midland Limited (BMI) from Lufthansa, adding that competition concerns were addressed by conditions that were part of the deal.

In the coming months, IAG plans to integrate BMI with British Airways. Conditions on the approval included:

- Seven daily slot pairs will be used by Heathrow and Edinburgh and/or Aberdeen.

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

- Five daily slot pairs will be used by Heathrow and the following destinations: Nice; Cairo; Riad; Moscow; Edinburgh; and/or Aberdeen.

- Two daily slot pairs at Heathrow will be leased to Transearo for services to Moscow.

- Other airlines may request seats in the British Airways and BMI short and medium-haul network for connecting passengers under market commercial conditions.

IBERIA PILOTS ON STRIKE

Iberia, the Spanish airline operated by IAG, has announced that domestic flights will be affected by a pilot strike that will start on Monday April 9th.

Iberia has allowed bookings to be more flexible in order to allow for exchanges or refunds for affected passengers. Also, a contingency plan has been put in place in order to provide alternatives to passengers.

Iberia will announce the list of flights available during the coming strikes.

By 09:09, IAG was trading up 1.62% and 0.6% in London and Madrid, respectively.

S.B.