Consolidation has led to the formation of the Big Three airline groups in Europe: Air France-KLM, Lufthansa and the International Airlines Group (IAG). But all three are finding that some takeovers simply do not work, and antitrust authorities and economic realities might block further steps. After a slow start, the consolidation effort has been led for several years by Lufthansa. It acquired Swiss International Air Lines, Brussels Airlines, Austrian Airlines and BMI, more than any ...


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