The European Commission on Friday cleared British Airways parent International Airlines Group to acquire British Midland (BMI) on the
condition that it relinquish 14 daily London Heathrow slot pairs "in order
to facilitate new entry." IAG also must make good on a "commitment to
carry connecting passengers to feed the long-haul flights of competing airlines
out of London Heathrow," according to the EC decision. IAG in November
announced an agreement to acquire BMI from Lufthansa.
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The global jet accident rate in 2014 reached an all-time low, although the number of passenger fatalities for the year was above average, the International Air Transport Association reported on Monday.... read more »