The state of the airline industry
In his keynote address at the recent annual general meeting (AGM) of the International Air Transport Association (IATA) held in Doha, IATA director-general (DG) and chief executive Tony Tyler said: “Our financial performance does not yet match the [...]
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 Novemb [...]
Since acquiring the United Kingdom (UK) carrier British Midland Airways, or bmi, in 2009, turning around the loss-making airline before selling it to another airline has always been one of the many options being considered by its parent Lufthansa. [...]