Aberdeen-based bmi Regional has appointed M&C Saatchi to lead its first marketing campaign since it became an independent company earlier this year. The new advertising campaign is expected to launch later this month with a new website to follow in October.
International Airlines Group (IAG) has confirmed that the sale of the regional airline division of BMI to Aberdeen-based consortium Sector Aviation Holdings has been completed today.
International Airlines Group has signed a binding agreement to sell bmi Regional to Sector Aviation Holdings for a total consideration of £8 million in cash. Also today, British Airways confirmed nine bmi destinations will change from a bmi (BD) to the BA code and flight number from May 23rd.
Lufthansa has named former BMI chief financial officer Simone Menne as its new chief financial officer with effect from July 1st.
The Scottish consortium, Granite Aviation, is thought to be in advanced talks with IAG over the sale of bmi regional for £20 million, according to reports. The news comes just one week after IAG completed its puchase of bmi for an undisclosed sum.
British Airways parent International Airlines Group (IAG) has completed the purchase of bmi from Lufthansa today. IAG revealed it will also be taking over bmibaby and bmi regional for an unspecified “substantial price reduction”, but it does nt plan to integrate these businesses into BA.
Virgin Atlantic is set to appeal against the European Commission’s decision to allow IAG, BA’s parent company, to acquire BMI for £172.5m. Virgin boss Sir Richard Branson claims that the deal, which gained regulatory approval on 30 March, could damage the aviation industry for years to come.
British Airways has launched a consultation with trade unions on proposals to integrate bmi mainline into its operations at Heathrow. The integration proposals could result in up to 1,200 redundancies, British Airways confirmed.
British Airways’ parent IAG has secured approval for the takeover of BMI from its current owner Lufthansa. The £172.5m deal is expected to be finalised later this month.
Virgin Atlantic has launched an official complaint with the European Commission in an attempt to halt the takeover of bmi by British Airways. International Airline Group-owned British Airways agreed a deal with Lufthansa to acquire the airline for £170 million in late 2011.
British Airways owner International Airlines Group has agreed to purchase bmi from Lufthansa for £172.5 million. IAG chief executive Willie Walsh warned there would be job losses during the restructuring of the loss-making carrier, but said the long-term growth of its operations at London Heathrow would be of benefit to the UK.
The fraught battle to acquire BMI has taken another twist after news that Virgin Atlantic has submitted a late offer for the Lufthansa-owned airline. The latest move sees rival Virgin signing a “terms of agreement” contract with Lufthansa, and comes despite BA’s parent company IAG reaching a deal last month to buy the struggling carrier.