The ongoing saga of who is buying British Midland Airways (owner of British Midland International and BMI Baby) continues to rumble on with International Consolidated Airlines Group (owner of British Airways and Iberia) seemingly wanting BMI according to Bloomberg. IAG concedes that whilst the sales process is taking longer thanks to Virgin Atlantic Airways putting it's … [Read more...]
Virgin puts its money on the table – progressing with “Due Diligence” of BMI
Well it seems Virgin has finally found the guts to put it's money where it's mouth is, and has put a rival bid on the table for British Midlands Airways Ltd (also known as BMI, British Midland International) according to Bloomberg Virgin Atlantic has been granted "due diligence" to create a bid that will trump International Airline Group's (British Airways and Iberia) bid … [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...]
UK Border Agency/Public Sector Strike 30/11 – It’s on
Well with the Unions and Government itching for a smack-down fight, lets do a quick round of up of the facts thoughts, and damn lies Truths: Most public sector agencies will be down heavily tomorrow (30/11) due to a strike against the changes to the public sector provisions. This includes parts of Local Government, Schools, parts of the NHS, and the UK Border … [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...]
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...]
BMI and IAG – Announcement due tomorrow.
According to Bloomberg, it is closing in on game over for British Midland International and International Airlines Group (owner of British Airways). It is understood according to Bloomberg that final negotiations of the deal are under way, and a memorandum of understanding has been signed, with the announcement due tomorrow when IAG declares its earnings tomorrow. If … [Read more...]
Airplane art – BMI Regional ERJ-145
It's Sunday again, so it must be time for some Airplane Art. This week, in light of the news that BMI Regional is in the process of being sold, it's a BMI Regional Embraer ERJ-145 at London Heathrow Airport More of course, next week! … [Read more...]
British Midland International to sell it’s regional unit (BMI Regional)
Well it seems the break up of BMI is beginning, with news from Donnington Hall that BMI Regional (the ERJ operation BMI has, serving regional destinations within the UK, as well as abroad) is now in the process of being broken away and sold to a UK based investor group. The memo is below (copied from FlyerTalk and Business Traveller): You are already aware that the … [Read more...]
Inside BMI’s HQ
Wonder a Day takes you inside the home of BMI - Donnington Hall, describing it as a "with an office in the castle of the 17th century - what can be more unusual Now, if you look carefully there's some little hints that Donnington Hall isn't just a pretty building, but is a semi-modern office. Heck - there's even a Fax machine there! (although it's doubtful it's … [Read more...]
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