Update on Ireland...
IAG's chief executive, Willie Walsh, told Morning Ireland that BMI's business is not sustainable in the current form and today's deal still faces regulatory hurdles. He says that once the transaction is complete, then the issue of restructuring will be addressed.
Mr Walsh says IAG will retain the Belfast to Heathrow slots and also said he wants to retain the Dublin-Heathrow slot. He says the scale of BMI's Dublin-Heathrow services are small and when the deal is complete, this may be looked at when IAG takes control of BMI.
Mr Walsh - a former chief executive of Aer Lingus - says the main interest of IAG centres on BMI's valuable Heathrow slots. He says that BMI operate small aircraft and he wants bigger planes to be used in Heathrow to make the business more profitable.