The results of European airline consolidation have been mixed at best. While the integration of several large players into International Airlines Group (IAG) can be viewed as a success, other mergers and takeovers such as the creation of the Air France-KLM conglomerate and parts of the Lufthansa Group have not fared as well. In the low-fare airline industry, EasyJet has been the most active in initiating takeovers in its short history, most recently through the acquisition of Air ...

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