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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.
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Thursday 24 April 2014 - Birmingham
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Monday 20 January 2014 - London (Stratford City)
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Wednesday 22 January 2014 - Bristol (Cribbs Causeway)
Thursday 23 January 2014 - Birmingham (Star City)
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Wednesday 26 March 2014 - London (Fulham Broadway)
Thursday 27 March 2014 - Bristol (Cribbs Causeway)
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Tuesday 1 April 2014 - Newcastle (Metro Centre)
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Monday 28 April 2014 - London (Stratford City)
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Wednesday 30 April 2014 - Bristol (Cribbs Causeway)
Thursday 1 May 2014 - Birmingham (Star City)
Friday 2 May 2014 - Manchester (Salford Quays)
Try some of these superb starter activities for Business Studies:
- Anagram Countdown
- Beat the Teacher
- Budget Basket
- Memory Challenge
- Loop Cards
- I'm the Question
- Catchphrase - Say What You See!
- Consider All Possibilities (C.A.P)
- Teacher Talkabout
- Perfect Recall
- Pass the Buck
- What would you have invented?
- These are a few of my favourite things
- Set Your Students the 15 Word Challenge
- Topic Tennis
- What Why Depends - Developing Thinking Skills
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