BA buys Heathrow slots from bmi

2nd Apr 2007

British Airways PLC has struck a secret deal to buy lucrative runway slots at Heathrow from its rival BMI British Midland, the Times has reported on its website.
The deal adds to the speculation over the future of BMI, which is regarded as an obvious takeover target because it owns 12 pct of Heathrow’s runway capacity.

It is understood BA paid around 30 mln stg for 51 slots a week, the report said. It wants to safeguard its position at Heathrow ahead of the relaxation of restrictions on flights from Heathrow to the US next year.



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