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British Airways owner IAG fully acquires BMI from Lufthansa

International Consolidated Airlines Group SA (IAG) has now fully acquired BMI airline from Lufthansa, media reports recently said.

British Airways flights as well as Iberia flights are operated by IAG, the current owner of both the carriers.

IAG has indicated that the main BMI airline will be integrated with British Airways. However, the company is not ready to keep the BMI Baby and BMI Regional businesses with itself.

The complete takeover of BMI airline by IAG has been vigorously opposed by its rival Virgin Atlantic Airways. According to Virgin Atlantic Airways, the BMI takeover would distort competition as IAG would have a majority of landing slots for itself at London’s Heathrow International Airport.

The takeover deal was cleared by the European Commission in March this year on certain conditions, including that 14 slots at Heathrow airport were released.

BMI airline, which is to be integrated with British Airways, currently serves Europe, Middle East and Africa.

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