The bidding war for bmi is about to begin
There will be no bidding war as bmi is still a privately controlled company not a PLC. Lufty and SAS own 49% with Sir M. owning the majority shareholding himself. Until he wants to sell the company it cannot be controlled by anyone else. Now that open skies looks like a reality he needs to put his money where his mouth is and announce a proper program of US flights or sell it to someone who will. Personally I hope someone will make him an offer he can't refuse for the mainline part of the company.