AIRLINE NEWS
Thursday, October 30, 2008
Lufthansa takes control of Britain's BMI
Britain's BMI is being taken over by the German flag carrier Lufthansa in the latest shake-up in the European airline industry.
Lufthansa, which already owns just under 30% of BMI, has bought the 50% owned by BMI chairman Sir Michael Bishop, taking its stake to 80%. The remaining 20% of BMI is owned by Sweden-based Scandinavian Airlines, which has said it also wants to sell.
guardian.co.uk
Lufthansa, which already owns just under 30% of BMI, has bought the 50% owned by BMI chairman Sir Michael Bishop, taking its stake to 80%. The remaining 20% of BMI is owned by Sweden-based Scandinavian Airlines, which has said it also wants to sell.
guardian.co.uk
