EI and IAG don't compete on routes out of France though Racedo, whereas EI and FR compete on a number of routes between the U.K. and Knock, Dublin, Cork and Shannon. On many of these routes they are the only 2 airlines serving them.
MO'L said a few years ago that he would happily sell the shares to another interested airline, but none were interested. Are you saying now IAG have called his bluff he is going to seek a court ruling to prevent him having to do exactly that?