Airline Nation » BMI http://www.airlinenation.com/blog News about the airline industry Sun, 16 Oct 2011 05:54:55 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 BMI is being taken over by Lufthansa for €400m http://www.airlinenation.com/blog/2008/11/02/europe/bmi-is-being-taken-over-by-lufthansa-for-e400m.htm http://www.airlinenation.com/blog/2008/11/02/europe/bmi-is-being-taken-over-by-lufthansa-for-e400m.htm#comments Mon, 03 Nov 2008 03:37:58 +0000 PanAm http://www.airlinenation.com/blog/?p=86

Britain’s BMI is being taken over by  Lufthansa for €400m (£318m).

Lufthansa, which already owns just under 30% of BMI, has bought the 50% owned by BMI chairman Sir Michael Bishop, taking its stake to 80%. The remaining 20% of BMI is owned by Sweden-based Scandinavian Airlines, which has said it also wants to sell.

The deal will give Lufthansa the second largest share of takeoff and landing slots at London’s Heathrow airport, behind British Airways. BMI holds 11.4% of the slots at Heathrow, second only to BA’s 41.5%.

]]> http://www.airlinenation.com/blog/2008/11/02/europe/bmi-is-being-taken-over-by-lufthansa-for-e400m.htm/feed 0