IAG gets green light for takeover from Aer Lingus shareholders

British Airways and Iberia parent International Consolidated Airlines Group moved a step closer to its takeover of Aer Lingus on Friday, as it announced that it’s been given the green light by just over half of its shareholders.

Earlier this week, the European Commission cleared the way for a deal after IAG agreed to give up some of its slots at Gatwick airport to allow other airlines to operate routes between London and Ireland, assuaging concerns about competition.

On Thursday, Aer Lingus shareholders backed IAG’s proposed takeover of the Irish carrier.