British Airways (BA) parent International Airlines Group (IAG) has signed a non-binding agreement with Ryanair covering most of Aer Lingus’ slots at London Heathrow. The IAG deal is part of the remedies package put together by Ryanair to address the European Commission’s (EC’s) concerns that its proposed takeover of Aer Lingus will impede competition on some 40 routes. Ryanair, which owns 29.8% of Aer Lingus, in June launched a takeover bid, which lapsed after the EC opened a formal ...
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