AQA BUSS4 Research Theme for 2015 - Manufacturing in the UK

Attend a CPD Teacher Briefing on the BUSS4 Theme  |  Order the BUSS4 Research Theme Toolkit | Book places on the BUSS4 Revision Workshops

Business Studies Resources Popular resources on the {my channel} blog Resource tags for the blog RSS Feed for the blog Twitter feed for this blog Teacher Email Resource Newsletter Category listing for this blog Business Studies Blog Home Page
Tracker Pixel for Entry

IAG bid for BMI receives approval

Tuesday, April 03, 2012
Print Tweet This!Save to Favorites

International Airlines Group, IAG or BA/Iberia has secured EU approval for its purchase of BMI from Lufthansa. The purchase price is c. £172.5m. The quid quo pro is the insistence by the EU regulators that IAG gives up 14/56 of BMI’s slots at Heathrow.

Access to these slots is now up for auction.

The Economist’s Gulliver blog wondered if the deal was good for consumers, given the increase in market power as IAG’s total ownership of slots at the airport rises from 43% to 51%. Conversely, the deal has allowed some BMI staff to stay in employment, Lufthansa had threatened to shut down all the BMI routes, making all the staff redundant.

IAG are not losing traffic from the long haul transatlantic route, but will give up landing and take-off rights on some UK domestic and medium-haul European routes. It remains to be seen if Virgin appeals against the decision, or whether it buys some of the discarded BMI routes.

The UK’s Office of Fair Trading had received complaints about IAG’s acquisition of BMI, but declined to act at the beginning of March 2012, passing responsibility for approval to the EU’s Competition Court.

 




The cameras went behind the scenes at one of tutor2u's exam coaching & revision workshops this summer...

 

Discover more about our intensive exam coaching & revision workshops desiged to prepare for exams in May & June 2015:

AS/A2 Economics Workshops  |  AS/A2 Business Studies  |  AS Psychology


tutor2u online store

PowerPoint Lesson Activities Teacher Conferences & CPD Courses
Exam Coaching & Revision Workshops Pre-release Case Study Toolkits
A Level Economics Teaching Support Resources for Business Studies
Digital Magazines  


Enter your Email



AQA A Level Business - CPD

Join Graham Prior and Jim Riley to fast-track your preparation for the new AQA A Level Business

Latest resources

Resource categories Blog RSS feed Blog RSS Feed
© Copyright Tutor2u Limited 2013 All Rights Reserved