British Airways and BMI deal puts 1,200 jobs at risk

Posted: April 12, 2012 in Airlines, Aviation & Airports (General News), Heathrow
Tags: , , , , , , ,

British Airways owner IAG has said its deal to buy the BMI airline from Lufthansa for £172.5m could result in the loss of up to 1,200 jobs.

BMI employs more than 3,600 staff, but reported a £153m loss in the year to 2010.

BMI employs more than 3,600 staff, but reported a £153m loss in the year to 2010 : Photo: Chris Ratcliffe/Bloomberg

The announcement came as BA began consultations with unions on plans to integrate BMI into its operations.

IAG, which also owns Spain’s Iberia, will gain 56 more slots at Heathrow airport as part of the deal.

The sale was announced in December and regulatory approval was granted by the European Commission on 30 March.

The deal is expected to take effect on 20 April, IAG said.

BMI employs more than 3,600 staff, but reported a £153m loss in the year to 2010.

Based in Castle Donington in Leicestershire, it operates flights to Europe, the Middle East and Africa.

It has 8.5% of the landing slots at Heathrow, the UK’s busiest airport….

Read the full story as it develops at BBC News…


BBC News
12th April 2012


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