IAG and Air France-KLM merger debate (businesstraveller.com)

A merger of IAG and Air France-KLM would pair hubs at London Heathrow, Madrid, Amsterdam Schiphol and Paris Charles de Gaulle, giving the combined group a dominant share of long-haul capacity out of Europe. Supporters argue the EU could clear it after Lufthansa's ITA and TAP deals, while critics counter that IAG abandoned its Air Europa bid over regulatory constraints and that AF-KLM's Delta joint venture would complicate any oneworld migration. IAG's market capitalization is nearly eight times that of Air France-KLM.