Reading the press release from IAG today, there seem to be two alternatives re. bmibaby:
1. LH sell it before completing on the sale of the Group to IAG
2. LH fail to sell it, and take a lower price from IAG
If it has not been sold by the time LH complete the sale to IAG, it will go to IAG. I don't feel it's viable in LH without BMI. And LH want rid of it.
Unfortunately, baby is seen as a liability by both carriers - if it has any future, it will be under different ownership.