bmi British Midland International

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Virgin Atlantic eyeing to combine with BMI

As reported by Businessweek earlier, Virgin Atlantic CEO, Steve Ridgway said that the airline is actively looking to combine with bmi British Midland International, this news comes in the wake of bmi slot sale to British Airways and Lufthansa CEO Christoph Franz indicating that the ailing airline maybe on the block. Should this combine become a reality, it would provide Virgin Atlantic with a much needed domestic reach in the European markets which would help it feed its International operations which would be much a needed booster shot for the airline that is also reviewing its plans to look for potential investors after the 49% stake holder Singapore Airlines sending feelers in the market about its stake sale in Virgin Atlantic itself. In the past…

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BA buys 6 daily slot pairs at Heathrow from bmi

BA is cementing its presence at its London-Heathrow (LHR) hub by buying 6 daily slot pairs from the troubled airline bmi British Midland International. As reported by BA parent, International Airlines Group (IAG) in a press release, “BA plans to use these slots from late October 2011 for operating more long-haul and short haul flights”. This is a big boost for the OneWorld alliance and a dent for the Star Alliance presence at the major hub in London. bmi is the second largest operator out of Heathrow airport serving many destinations both within UK and internationally, Initial reports suggest that the deal could be worth €100m-€150m. Of late bmi has been going through a series of troubles with its current parent Lufthansa planning to dispose it off…

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