There's been am Elephant in the Room in the sale of British Midland Airways to Interational Consolidated Airlines Group, and it's been BMI Baby. The Low Cost Carrier (operating a fleet of 737-300/500 aircraft, based out of various UK airports) has been a questionmark in the sale of the sale - with IAG getting a discount from Lufthansa if they failed to sell the unit … [Read more...]
BMI Futures Week: It’s confirmed – NO Miles and More Status Match
Those of you who were hoping to match to Miles and More from BMI Diamond Club - some very bad news for you (and if truth be told, I've sort of known this after chatting to a few people last week). From http://forum.airliners.de/index.php?showtopic=44637&view=findpost&p=607297 and translated by Google: The sale of bmi IAG (the parent company of BA) - shall be … [Read more...]
BMI to leave Star Alliance upon sale completion
Looking through the slide deck from the IAG have published on their investors relations site, it is now confirmed that BMI's membership of Star Alliance will terminate upon completion of the purchase of BMI by IAG. The transaction is due to be completed by 31st March 2012, subject to regulatory approvals. The slide deck also reveals a few more features: BA will be … [Read more...]
From the horses mouths: Lufthansa and IAG on the BMI sale
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...]
