It is being reported that IAG, British Airways parent company and the new owners of BMI, are doubtful that they can sell the subsidiaries that were the unwanted part of the deal, putting 900 jobs at risk. Lufthansa, the previous owners of BMI Regional and BMI Baby, had tried to sell the subsidiaries, without success, so they were passed onto BA on completion of the deal, giving IAG a significant reduction in the price they paid.
IAG CEO Willie Walsh said he is “not confident” about selling them, adding “These are airlines that Lufthansa struggled to sell but we are going to make an effort to sell them”.
Full story here:
- British Airways Might Pay Only £20M for BMI
- BA May End Up Holding the (BMI) Baby
- BA Takeover of BMI – Email to BMI Staff