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As Virgin Mulls Appeal, EU Stands By IAG-Lufthansa Approval

By Scott Flaherty (April 16, 2012, 3:06 PM EDT) -- The European Commission on Monday defended its approval of International Airlines Group SA's proposed £172.5 million ($273 million) purchase of Deutsche Lufthansa AG's British Midland Ltd. unit, after Virgin Atlantic Airways Ltd. founder Richard Branson railed against the competition watchdog's decision and threatened an appeal....

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