Read on:
A Lufthansa’s spokesperson added that it was already publicly known that BMI owner Sir Michael Bishop had two put options to sell his 50% stake in BMI to Lufthansa. The first of these must be exercised by next year, the other by 2009.
bmi has already outsourced its MRO to LH Technik and a big chunk of IT services to LH Systems.
My guess is that LH will expand bmi's capacity dramatically and use the UK as an aircraft carrier. Which is what the strategic plan has been all along.
And its better to have sole influence over the direction of the company than to continue picking up 30% of the tab for some disastrous management practices.
You'll all have to learn German, of course....