4/19/2012: IAG Completes Takeover of BMI

DALLAS – Today in Aviation, BMI-British Midland International Airways (BD) ownership was transferred to the International Airlines Group (IAG) in 2012.

BMI was purchased by Lufthansa (LH) for £223m in 2009. However, in the first nine months of 2011, the loss-making airline reported further operating losses of £133m. This led LH to put BMI up for sale in September 2011.

The deal did not include its low-cost (bmi baby) and regional (bmi regional) subsidiaries. (Photo: Rob Hodgkins, CC BY-SA 2.0 https://creativecommons.org/licenses/by-sa/2.0, via Wikimedia Commons)

BA vs Virgin Atlantic

Initially, long-time suitor Virgin Atlantic (VS) was believed to be the read more ⇒

Source:: “Airways Magazine”

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