BRUSSELS, Sept 20 (Reuters) - IAG-owned Vueling on
Monday secured EU approval to take over 18 daily slots at Paris
Orly airport slots which its rival Air France had to
give up in return for EU regulatory approval of its
4-billion-euro ($4.7 billion) capital hike.
The European Commission said the move would allow the
Spanish carrier to start operating the new routes as of
November.
"This will enable Vueling to expand its activities at this
highly congested airport, helping to ensure fair prices and
increased choice for European consumers," European Vice
President Margrethe Vestager said in a statement.
France announced virus-hit Air France's recapitalisation
earlier this year, making it the biggest shareholder.
($1 = 0.8527 euros)
(Reporting by Foo Yun Chee)
International Airlines (IAG)
