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...]
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...]
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