IAG Signs Non-Binding Accord for Heathrow Slots From Ryanair

International Consolidated Airlines Group SA, owner of British Airways, signed a non-binding agreement to buy landing slots at London’s Heathrow airport from Ryanair Holdings Plc’s as part of the discount airline’s takeover bid for Aer Lingus Group Plc.

“We have signed a non-binding MOU with Ryanair, which is subject to EC approval, as part of its review of Ryanair’s proposed takeover of Aer Lingus, and IAG board approval,” IAG said in an e-mailed statement today.