Sunday, 6 November 2011

Virgin Upset Over bmi Deal

International Airlines Group, the owner of British Airways is set to tighten its grip on Heathrow, buying rival airline bmi from Lufthansa in a deal which will bring ownership of valuable take off and landing slots to 53%.
Virgin said: "British Airways' hold over Heathrow is already too dominant and we are very concerned - as the competition authorities should also be - that BA's purchase of bmi would be disastrous for consumer choice and competition." It is thought that BA plans to use some of bmi's short-haul slots to expand BA's long-haul network.
http://www.thisislondon.co.uk/standard-business/article-24005895-ba-owner-iag-agrees-to-buy-airline-bmi.do
David Gambles

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