International Airlines Group (IAG) has sold BMI Regional for some £8 million. Willie Walsh, chief executive of the BA parent firm, said that the move would save more than 300 jobs at the Aberdeen-based carrier. Reports said that the sale contract encompasses all of BMI Regional’s long-term liabilities and assets, which includes all leased and [...]

The new owner of bmi is planning to close bmibaby after failing to sell the subsidiary. International Airlines Group (IAG), British Airways’ parent company that recently took ownership of bmi, said in an official statement that it is unable to find a suitable buyer for low-cost bmi baby and that it will likely be grounding [...]

Virgin Atlantic has said that it will be appealing against a decision by the European Commission to allow a takeover of Bmi by British Airways owner International Airlines Group. Sir Richard Branson’s airline claims that if IAG is permitted to control Bmi then competition will be seriously harmed at Heathrow. Virgin has also said that [...]

Following a decision to allow International Airlines Group to purchase ailing bmi from Lufthansa, British Airways is to use some of the 42 Heathrow landing and take-off slots gained in the deal to expand its presence in Asia. The European Commission gave the green light to the takeover on Friday. The deal was finalised after [...]

International Airlines Group has expressed an interest in investing in Asian carrier Japan Airlines when it relists later this year on the Tokyo stock exchange. The airline was forced to de-list in 2010 after filing for bankruptcy protection. However, an initial public offering is expected to raise as much as ¥1 trillion. IAG chief executive [...]

Top UK carriers have joined forces to ask officials to prevent “travel chaos” at London airports during the Olympics. The four biggest airlines in the United Kingdom – Virgin Atlantic, BMI, easyJet and British Airways – said in a letter issued to the government on Saturday that if extra steps are not taken to counteract [...]

BMI owner Lufthansa has promised British Airways that Virgin Atlantic’s gripes won’t tarnish the sale of BMI to the UK flag carrier. The pledge came this week via the Deutsche Lufthansa AG (LHA) chief executive Christoph Franz, who said that he expects that the sale of loss-making BMI to BA’s parent firm, IAG, would clear [...]

International Airlines Group (IAG) may soon face delays in the takeover of BMI via the European Commission. The parent firm of British Airways and Spain’s Iberia stands to acquire 9 per cent of Heathrow’s landing slots in the £172 million takeover, which would bring its total to nearly 52 per cent; the deal has subsequently [...]

The top official for Ryanair has accused the Office of Fair Trading of being unfair in its handling of the sale of BMI. Chief executive Michael O’Leary said that the OfT was favouring British Airways’ and Iberia parent firm International Airlines Group (IAG) in the buyout of the ailing carrier from German owners Lufthansa by [...]

British Airways has said that the BMI route between Heathrow and Belfast is safe from cuts. The statement from the British flag carrier comes just after International Airlines Group (IAG), the airline’s parent firm, announced a substantial profit rise despite a gloomy outlook for the international commercial aviation industry. Some had feared the route would [...]