Monday, April 16, 2012
Virgin Atlantic Airways indicated it plans to appeal the European Commission's decision to approve IAG's purchase of bmi. See Sir Richard Branson, Why Virgin Will Continue to Fight BA's Anti-competitive Purchase of BMI, The Telegraph, April 14, 2012 (available here). Virgin will need to file its appeal quickly as the sale is expected to take effect later this week. See Virgin Atlantic to Appeal Against BMI Sale to BA, BBC, April 15, 2012 (available here). Should the appeal happen, it would be heard by the Court of Justice for the European Union.