BA offers more BMI concessions

EU regulators are assessing extra concessions offered by British Airways owner IAG to gain approval for its bid to buy Lufthansa’s BMI, after initial proposals fell short, the EU’s antitrust chief said yesterday.

IAG wants to buy BMI to boost its share of runway slots at Heathrow.

EU competition commissioner Joaquin Almunia said IAG submitted additional concessions on Tuesday, on top of others offered earlier this month. Sources said IAG had initially offered to cede 10 slots at Heathrow but has now raised this to 14.