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Aer Lingus takeover cleared for takeoff

  • International Airlines Group's (OTCPK:ICAGY) €1.4B takeover of Aer Lingus (OTC:AIRXY) has cleared its final hurdle after getting the green light from the European Commission.
  • To gain the approval, IAG had to give up five daily take-off and landing slots at London's Gatwick airport and guarantee that Aer Lingus would maintain connecting flights to competing airlines.
  • Previously: Ryanair backs IAG's Aer Lingus offer (Jul. 10 2015)

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