JULY 14TH, 2015
IAG: Phase I Approval By European Commission
International Consolidated Airlines Group (IAG) welcomes today’s decision by the European Commission to approve its Offer for Aer Lingus.
IAG has offered the following remedies to the EC as part of the regulatory process:
Five daily slot pairs will be made available to other airlines at London Gatwick for flights between the airport and Dublin or Belfast.
Specifically, two of the five daily frequencies must be operated between Gatwick and Dublin.
One daily frequency must be operated between Gatwick and Belfast.
The other two frequencies can be operated between Gatwick and either Dublin or Belfast.
Other airlines can apply for seats on Aer Lingus’ shorthaul network for their transfer passengers, on normal commercial terms.
EC approval was a condition of the Offer, which remains subject to the conditions outlined in Appendix I of the Offer Document that have not already been satisfied.
Defined terms which are not defined in this announcement have the same meaning given to them in the Offer Document posted on 19 June 2015.