Virgin Atlantic aims to merge with BMI, pushes Lufthansa to approve deal

Lufthansa currently holds a 29% stake in BMI and an option to buy Sir Michael Bishop's 51% stake by the end of Jun-09. The remaining 20% of shares are held by SAS AB., which has stated it may sell its stake in the carrier in 1H08.

BMI, which primarily connects London-Heathrow with European destinations, would complement Virgin's long-haul flight schedule. The carrier has 13% of takeoff and landing slots at Heathrow, second only to British Airways Plc.

Date posted: 03-Apr-08
 

Other Virgin Atlantic News

• Virgin Atantic announces the creation of over 200 jobs
• Virgin Atlantic reaffirms relationship with LSG Sky Chefs
• Virgin Atlantic announce benefits for Frequent Flyers with V Australia & Virgin Blue
• Virgin Atlantic confirms order for ten Airbus A330 aircraft
• Virgin Atlantic releases iPhone app for people afraid of flying
• Virgin Atlantic implements highest assurance SSL Technology from GlobalSign
• AerCap to lease ten new Airbus A330s to Virgin Atlantic
• Virgin Atlantic and All Nippon Airways code †sharing agreement
• Virgin Atlantic Joins Forces With Regus
• Virgin Atlantic new service between London Gatwick and Puerto