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International Consolidated Airlines Group (BABWF.PK), or IAG, beats out Virgin Atlantic in the...

International Consolidated Airlines Group (BABWF.PK), or IAG, beats out Virgin Atlantic in the fight for Lufthansa's (DLAKY.PK) airline British Midland. IAG will pay £172.5M ($271M) in cash for the money-losing airline to help secure its growth at London's Heathrow airport. IAG +1% in England. Lufthansa +2.1% in Germany.
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