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International Airlines Group confirms bmi Regional sale

International Airlines Group confirms bmi Regional sale

10 May 2012 Airline News

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.

bmibaby to be grounded in September

bmibaby to be grounded in September

3 May 2012 Airline News

Budget airline bmibaby will be grounded from September, with some routes being stopped from next month, IAG has announced just weeks after it bought bmi from the Lufthansa Group for an undisclosed sum. The move by British Airways’ parent will put 500 jobs at risk.

Scottish-based consortium eyes bmi regional

Scottish-based consortium eyes bmi regional

27 April 2012 Airline News

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.

IAG completes bmi acquisition

IAG completes bmi acquisition

20 April 2012 Airline News

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 rallies against IAG’s BMI takeover

Virgin Atlantic rallies against IAG’s BMI takeover

16 April 2012 Airline News

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.

IAG gets approval for BMI takeover

IAG gets approval for BMI takeover

2 April 2012 Airline News

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.

International Airlines Group expresses interest in re-floated JAL

International Airlines Group expresses interest in re-floated JAL

30 March 2012 Airline News

In a long expected move, International Airlines Group has confirmed it would consider taking a stake in Japan Airlines (JAL) when it re-lists on the stock exchange later this year. IAG – the holding company behind British Airways and Iberia – is already closely affiliated to the carrier through the oneworld airline alliance.

Profits increase at International Airlines Group

Profits increase at International Airlines Group

29 February 2012 Airline News

International Airlines Group – operators of British Airways and Iberia – has seen profits soar during 2011. In total the group recorded operating profit of €485 million over the 12 months to December 31st, up from €225 million the previous year.

International Airlines Group sees traffic surge

International Airlines Group sees traffic surge

6 January 2012 Airline News

International Airlines Group saw traffic measured in revenue passenger kilometres increase by 12.2 per cent in December 2011 when compared to the previous year. Growth was led by British Airways, which accounted for nearly 70 per cent of passengers flown, while Spanish counterpart Iberia saw virtually static demand.

British Airways closes deal for bmi with Lufthansa

British Airways closes deal for bmi with Lufthansa

22 December 2011 Airline News

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.