Virgin Atlantic Appeals $280M IAG-Lufthansa Deal In EU Court

Law360, New York (September 19, 2012, 1:19 PM EDT) -- Virgin Atlantic Airways Ltd. has lodged an appeal with a European Union court, challenging the approval of International Consolidated Airlines Group SA's £172.5 million ($279.6 million) purchase of British Midland Ltd. from Deutsche Lufthansa AG, the EU court confirmed Wednesday.

The European Commission gave IAG, which owns British Airways PLC, the green light in late March to complete its purchase of Lufthansa's British Midland International, or BMI, after IAG agreed to shed more than a dozen takeoff and landing slots at London's Heathrow Airport. After receiving...
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