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Virgin still bidding for bmi
14 November 2011
Virgin Atlantic has confirmed they have made a bid and are still negotiating after Lufthansa and IAG announced they had reached a preliminary agreement.
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IAG
bmi
Lufthansa
Virgin Atlantic
British Midlands International (bmi) has been for sale for some time now.
Two weeks ago International Airlines Group (IAG) and Lufthansa announced that they had reached a preliminary agreement over the sale of bmi. The deal is still subject to several conditions, including a binding purchase agreement, further due diligence and regulatory clearances. Both IAG and Lufthansa say the transaction will be completed by the first quarter of 2012.
Despite this announcement, Virgin...
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