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 – More rumours as the vultures circle…
As we continue on the path to uncertainty, it's time to catch up on the weekend's news and rumours over BMI and it's future. In the Financal Times, they report Virgin Atlantic and Etihad have had talks on forming a Joint Venture to take over BMI. Apparently, bids for the sale of BMI were due on Friday. Etihad itself is looking at how it could integrate BMI's short and … [Read more...]
BREAKING: IAG tables an offer to Lufthansa over BMI
Breaking at Sky News, IAG (International Airlines Group - owners of British Airways) appears to have tabled an offer to Lufthansa to buy BMI. If this is the case, this is big news, as it will open up the question of the Competition Commission and British Airway's dominance of London Heathrow. According to the post, discussions are at an early stage, and could involve … [Read more...]
VS/BA/BD: Branson to IAG – Stop Slicing of bits of BMI
Well it's taken long enough for the Bearded One to get involved, but Richard Branson is calling on regulators to examine the purchase of slots at London’s Heathrow by IAG from Lufthansa.. and it's British Midland International subsidiary according to Bloomberg Virgin Say: “Branson is concerned that BA could be attempting to salami slice BMI’s key assets, … [Read more...]
EI: Irish Goverment – Psst: Wanna by 25% of an airline?
It seems that the Irish government has declared Aer Lingus not to be in it's fiscal future according to RTE. Whilst no decision had been made, and there were some issues about the current value of the holding. The Irish State currently holds 25% of the airline, with the the government holding the 'strategic' no longer applies Now you'd expect Ryanair to be over this like … [Read more...]
BA/IB/IAG: Welcome to Avios.
No, it's not a diet aid or something mad, but the new name for for BA Miles, Airmiles UK and a few other things as well. So Avois points will become the base currency for all loyalty and reward programmes of International Airlines Group (IAG). As well as spending them on Flights, you'll be able to spend them on hotels and car hire. Points at this juncture are NOT being … [Read more...]
BA and Iberia to tie the knot
After much negotiation, British Airways and Iberia have agreed in principle to tie the knot - forging the 3rd largest airline in the world. After 16 months of discussion, the company will merge as an umbrella company (400 aircraft, 200 destinations). However in fiscal might, it will be smaller than Lufthansa or AirFrance-KLM. Willie Walsh will head the new company with … [Read more...]
Welcome!
Welcome to GhettoIFE.com! I'm your host - Kevin - and I'll be here to guide you through the maze of modern travel, and hopefully add some insightful comment and humour. With GhettoIFE getting on for 2 years old, I've had a bit of a design refresh, and tidied up, so for older viewers who make it here - yes, it's the same content will all the usual sarcasm as always. As … [Read more...]
