The press releases for today's big announcement today of the sale of British Midland Airways to International Consolidated Airlines Group (IAG) First up, Lufthansa - http://presse.lufthansa.com/en/news-releases/singleview/archive/2011/december/22/article/2054.html Following the announcement on November 4, 2011, Deutsche Lufthansa AG (Lufthansa) and International Airlines … [Read more...]
Lufthansa sells BMI to… IAG (BA/Iberia)
Well it seems Virgin was too late to the party with Deutsch Lufthansa AG deciding to sell it's British Midland Airways subsidiary to ... International Consolidated Airlines Group (IAG). For IAG, the spoils of war are simple: 56 slots at Heathrow. The cost has been revealed to be £172.5m, and IAG/Lufthansa aim to have the deal done in the next 3 months. The deal of … [Read more...]
Bad news: LOLCats are coming to GhettoIFE
It seems the Internet is powered and populated by Cats from what I've seen. And it seems this corner of the Interwebs will be invaded by LOLCats too. Quick primer - Take an image of a cat. Add a few funny or appropriate comments (Ideally in IMPACT font). Add childlike language. Boom. You can haz LOLCat! However, LOLCats have a lot to do with frequent flying. And over in … [Read more...]
BMI offering 50% bonus on miles, but check the small print…
BMI seems to be raising some more cash with a Destination Mile sale. Basicly, the bonus is buy miles, get 50% bonus. There's a few gotchas though: You can only "buy" 16k of miles (£207) This comes out of your purchasing year, so if you've purchased your 24k of miles you won't be able to take advantage of it Offer only valid between 5 to 11 Dec 2011 (1 week) Now … [Read more...]
DEN: Morning from the BMI Diamond Club Lounge
Morning from the lounge.... Where I seem to be the only person here. Oh well. Vodka, Orange, espresso then US pre-clearance... what a way to wake up. And on top of that - 1 and a half hours to pre-clear US Immigration. What a.. yes. And whilst I have my grumbling hat on, the lack of a Star Alliance Lounge in T2 is a tiny bit of a pain. On the plus side, my … [Read more...]
BMI… A bucketful of losses….
The Telegraph has been eyeing what state BMI is in and what it could be worth.. and the losses it could be stemming. And the numbers don't make good reading.... BMI is on target to loose £145 million this year, with the liabilities that remain at a staggering £362 million. It seems that Morgan Stanley did the numbers, and it didn't turn out what they expected with the … [Read more...]
Analysis: BMI… Next Steps.
Well now we sort of know what is happening to BMI, it's time to get to the nitty gritty for what could happen next. And I'll preface this with the following: THIS IS PURE CONJECTURE AND SPECULATION based on what's happening at this moment of time. What we know: BMI is being sold to IAG BMI Regional is being sold to a 3rd Party. Target Closing date of 30th March … [Read more...]
BMI/IAG – Statement from Donington Hall – Business as usual
Statement from BMI HQ at Donnington Hall Following on from today’s announcement we’d like to advise that it’s business as usual at bmi. The route network and schedule for bmi remains as is and any bookings made now for future travel will be fully honoured. An agreement in principle for the sale of bmi to IAG has been reached and it is expected that the purchase agreement … [Read more...]
Virgin muscles in to the IAG/BMI Takeover… a little late kids?
Well according to Flight ( http://www.flightglobal.com/news/articles/virgin-still-aims-for-bmi-despite-preliminary-lhiag-deal-364318/), Virgin and the Bearded one are up to their ususal shenanigans. Way after the initial agreement between International Airlines Group (IAG) and Lufthansa have agreed in principle to take over British Midland International (BMI), Virgin … [Read more...]
CONFIRMED: IAG in talks to take over BMI
Well I did break it yesterday, and it's now been confirmed by the BBC. Lufthansa has said it is selling British Midland International to International Airlines Group (IAG). Price has not been disclosed as yet, with the aim to sign a purchase agreement in the coming weeks, and to close the deal before April 2012. A binding purchase agreement and further due diligence is … [Read more...]
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