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British Airways owner International Airlines Group has said that it is not sure it will be able to sell off Bmi Baby and Bmi Regional which could mean significant job losses. The airline, which also owns Iberia, has just concluded a deal for Bmi with Lufthansa. Although the British-based airline was a loss maker for [...]
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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 [...]
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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 [...]
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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 [...]
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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 [...]
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Airbus has joined with some of the largest airlines in Europe to put pressure on the European Union to come up with a solution to the increasing threat of retaliation from other countries over its carbon emissions tax. The planemaker and airlines including British Airways, Lufthansa and Air France-KLM want European leaders to get involved [...]
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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 [...]
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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 [...]
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BMI Baby owner Lufthansa is reportedly in talks to sell the low-cost carrier to German turnaround firm Intro Aviation. The news came on Friday via Intro’s chief executive Peter Oncken, who said in an interview that his company had “expressed interest” and that the sale process was getting underway. He added that the company was [...]
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International Airlines Group, the parent of British Airways and Iberia, has published a rise in traffic during December. Premium-class travel was up by 13.6 per cent up on the same month a year earlier and non-premium traffic rose by 12 per cent. Passenger load factor was also up to 77.6 per cent, a rise of [...]