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SCOTTISH CHAMBERS OF COMMERCE CAUTIOUS ON IAG’S BMI TAKEOVER
[ 22-12-2011 ]
IAG, the company that own British Airways, have today announced that they have reached a binding agreement to buy competitor carrier BMI from Lufthansa.
Following the announcement, Scottish Chambers of Commerce Chief Executive Liz Cameron commented:
“Air connectivity is hugely important to the Scottish economy and to our businesses’ capacity. There needs to be confidence that this takeover is not going to be to Scotland’s detriment in terms of either capacity or prices. IAG have committed to “maintain a comprehensive domestic schedule” and this is welcome.
“This announcement is just the beginning of a process which still has a long way to go in terms of regulatory assessment, including competition clearance. IAG must continue to assure businesses of their commitment to maintaining or improving connectivity to and from Scotland.”
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