Lufthansa May Shut Down BMI If Sale To IAG Is Blocked

Posted: March 27, 2012 in Airlines, Aviation & Airports (General News), Heathrow
Tags: , , , , ,

FRANKFURT (Dow Jones)–Deutsche Lufthansa AG  would consider shutting down loss-making British Midland Ltd., known as BMI, if its sale to International Consolidated Airlines Group SA is blocked by anti-trust authorities in Brussels, Chief Executive Christoph Franz said last week at the European Aviation Club.

Bmi may be closed down

“We have no other option but to sell British Midland. This deal is now on the agenda of the Competition Commissioner; it offers a job perspective for more than 3,800 employees at BMI who otherwise would lose their jobs,” Franz said, according to a transcript of his speech sent to Dow Jones Newswires.

The German airline agreed in December to sell BMI to IAG, the parent company of British Airways and Iberia, for a maximum GBP172.5 million…….

See the original story here……


By Neetha Mahadevan, Dow Jones Newswires;
+49 69 2972 5507;
neetha.mahadevan@dowjones.com


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