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bmi to axe jobs and routes

bmi to axe jobs and routes

25 November 2009 Airline News

Bmi is axeing five routes and cutting 600 jobs as a result of “unprecedented market conditions”. The UK’s second-largest carrier is dropping its flights to Tel Aviv, Kiev, Aleppo, Amsterdam and Brussels in phases from January 9. The airline will concentrate instead on routes serving oil, energy and emerging markets.

bmi can ‘survive’ despite losses

bmi can ‘survive’ despite losses

12 November 2009 Press Release Airline News

British Midland Airways, or bmi, has countered the suggestion that it will not be capable of continuing operations beyond this year and says it will be able to meet its financial commitments and had adequate resources.

bmi codeshare with Continental

bmi codeshare with Continental

3 November 2009 Airline News

Bmi has formed a codeshare deal with Continental Airlines allowing it to sell tickets to US destinations served by the US carrier from five UK airports. The move comes as as Continental becomes the 25th member of the Star Alliance.

Lufthansa acquires remaining BMI share ahead of sell-off

Lufthansa acquires remaining BMI share ahead of sell-off

2 October 2009 Airline News

Lufthansa’s acquisition of the remaining 20 percent of BMI has fuelled speculation that it could imminently try to sell the loss-making airline. The German aviation giant agreed to pay about £38 million to SAS, making it the outright owner, with a further payment should it sell within two years.

Lufthansa takes over bmi shares from SAS

Lufthansa takes over bmi shares from SAS

1 October 2009 Press Release Airline News

With effect from 1 November 2009, Lufthansa-related UK holding company LHBD Holding Limited (LHBD) will take over a further 20 per cent stake in British Midland PLC (bmi). These shares are currently held by the SAS Group (SAS). Consequently LHBD will hold 100 per cent in bmi.

Flybe enters race to buy BMI

Flybe enters race to buy BMI

28 September 2009 Airline News

Flybe has emerged as a potential runner in the race to buy BMI from Lufthansa. The regional carrier is being tipped to make a joint bid with British Airways, which would sideside potential competition issues over BA’s dominance at Heathrow.

BA in bid to take over BMI

7 September 2009 Airline News

British Airways has entered talks to buy BMI, the second largest carrier at Heathrow Airport. BA Chairman Martin Broughton has held talks in Germany over the weekend with Lufthansa, BMI’s parent company.

Lufthansa eyes BMI sale to Virgin

Lufthansa eyes BMI sale to Virgin

24 August 2009 Airline News

Lufthansa could be poised to offload its loss-marking subsidiary BMI to Virgin Atlantic as it grapples to raise cash. Despite taking full control of the Heathrow-based carrier just two months ago, it is now eyeing a disposal and has already held preliminary talks with Richard Branson over a complete or partial sale.