Tag Archives: British Midland

Deutsche Lufthansa AG (Lufthansa) and International Airlines Group (IAG), the owner of British Airways, have signed a binding agreement for the sale of British Midland Limited (bmi) to IAG for £172.5m (approx. €207m) in cash. Lufthansa has the option of selling the ‘bmi regional’ and ‘bmibaby’ units separately before the sale is completed, expected by the end of the first …

Kevin Done in London and Gerrit Wiesmann in Frankfurt of the Financial Times report that, Lufthansa is taking majority control of BMI British Midland, which will give it the second largest share of take-off and landing slots at London Heathrow airport, behind British Airways. The deal marks an important step in the restructuring of the European airline industry with the …