Daily Archives: December 14, 2011

Stakes are high for Virgin Atlantic in bmi acquisition race

It appeared to have been a done deal when British Airways’ (BA) parent International Airlines Group (IAG) and Lufthansa reached a draft accord to sell the loss-making British Midland Airways (bmi) subsidiary to UK’s largest carrier in early November. In a surprising revelation on 12th December, however, Lufthansa said it had also reached an agreement in principle to sell bmi

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