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

Law360, New York (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.

The deal would give British Airways owner IAG control over BMI's runway slots at London's Heathrow Airport, something the commission, the European Union's antitrust regulator, had expressed concern over in a review of the proposed acquisition. In response to the commission's...
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