IAG cleared by EU to buy bmi

Lufthansa finally rids itself of loss-making airline

Lufthansa has finally rid itself of the heavily loss-making British airline bmi, the sale of which the European Union has approved to IAG, parent company of British Airways and Iberia. EU regulatory approval came once IAG agreed to give up 14 daily slots at London’s Heathrow airport. The €207 million deal now gives IAG and bmi a combined share of 53% of the slots at Europe’s busiest airport, something that rival bidder Virgin argues will distort competition.
IAG has also promised to carry connecting passengers to feed its rivals’ long-haul flights.


Check Also

Lufthansa, profit, 2017, record, Eurowings, pilots, air Berlin, Swiss, Austrian, Brussels, cargo, Spohr, CEO, contract, outlook, fuel

Lufthansa soars to record profits, up 33%

The German giant’s fortunes are boosted by the Air Berlin bankruptcy and by ending a pilot dispute.

Qantas, branding, marketing, Lufthansa, KLM, United Airlines, livery, design, dreaming, dots, events, special, one-off

Airlines use custom liveries for special events

Qantas, United, KLM and Lufthansa have all revealed eye-catching new livery designs recently.

Boeing, Airbus, A340, dreamliner, goode, space, hidden, room, planes, design, crew, rest, relax

Many planes hide a ‘secret room’

Much of the vacant space on wide-body aircraft goes unused – but not all of it.

British Airways, BA, Iberia, American Airlines, Finnair, oneworld, transatlantic, routes, flights, basic economy, seating, rules

Transatlantic oneworld flights add basic economy

British Airways, American Airlines, Iberia and Finnair will launch a new ‘basic’ fare on some transatlantic flights.

Frankfurt, charges, airlines, airport, Main, Hahn, low-cost, Ryanair, Lufthansa, base, aircraft

Ryanair shifts more routes to Frankfurt Airport

Planes are disappearing from Frankfurt-Hahn since the sale of the airport to China’s HNA Group.

Emirates, Ryanair, Flybe, Austrian, Virgin, British Airways, easyjet, American Airlines, airlines, load factor, PLF, fullest, planes, aircraft, environment, business, profit

Airlines with best and worst load factor

Flying planes full makes airlines far more profitable, and it’s better for the environment.