IAG ‘tables bid for bmi acquisition’

IAG ‘tables bid for bmi acquisition’

International Airlines Group (IAG),the parent company of British Airways, has tabled a bid to buy bmi fromLufthansa. According to Sky News, talks are in early stages of the deal, which couldinclude a full takeover or IAG acquiring some of bmi’s assets, such as its flightslots at Heathrow. If BA is successful in its plans, the carrier would own 55%of all take-off and landing slots at the London airport.

IAG boss Willie Walshhas said in the past that the company would consider acquiring bmi or itsassets, but is said to face competition from Sir Richard Branson and VirginAtlantic, which also wants to boost its Heathrow presence.

Sky News added that the airlines’alliance membership may affect the proposal outcome, as Lufthansa and bmi are part of StarAlliance, while BA and Iberia are members of oneworld.

Gary Marshall
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