Thursday, October 13, 2011

SIA

SIA: 49% owned Virgin Atlantic Airways said that it is considering an approach for the UK-based BMI unit of Deutsche Lufthansa that would combine the two operations, after Lufthansa indicated that BMI might be sold.
A deal would meld Virgin's long-haul operations with a short-haul network that makes BMI the second-biggest carrier at Heathrow after British Airways. Any deal involving BMI to be 'part of a bigger solution' to reposition Virgin Atlantic within the global airline industry. Virgin is still reviewing plans to find a global alliance partner and potential investor.

BMI however, has other suitors as well. British Airways, which has been purchasing BMI’s daily takeoff and landing slots also remains interested in BMI.

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