Lufthansa is having a one-day sales of business class fares from the UK. Listing up are: Abu Dhabi Beijing Bogotá Caracas Chennai/Madras Delhi Dubai Kolkata Mumbai/Bombay Sao Paulo Seou All starting from £1199. Watch the T&C's though - in particular: Purchase by: 14.12.2011 Departure period: 20.12.2011-29.03.2012 Return period: … [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...]
What’s this? A letter? For me?
Well I came in last night to find this sitting on my doormat from Lufthansa Ooh What wonders lie inside it? Well - not a lot. However, it's nice for an airline to actually use it's customer database to do some "Fuzzy feel good stuff" as opposed to usual hard marketing sell. Two thumbs up Lufthansa! … [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...]
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...]
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...]
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...]
Credit Cards in the UK – Airlines
There is a lot of writing about Credit Cards in the USA with megapoints. However, over on this side of the pond, things are... a little more muted. This is Kevin's guide to Airline Credit Cards for the UK Market I'll attempt to keep this up-to-date, but the market is shifting as one of the major issuer of Credit Cards is up for sale at the moment. This is also the first … [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...]