Copenhagen: Got any proof / links to substantiate this out of interest?
Naturally
http://www.guardian.co.uk/business/2...irlineindustry
Bmi is also under pressure from the expiry last year of the European Cooperation Agreement, which pools the profits and losses from bmi's short-haul business with SAS and Lufthansa's UK flights. According to ABN, bmi's underlying business will be loss-making without the contribution of the ECA.
http://www.atwonline.com/channels/ai...articleID=2286
As SAS gets further into 2008, one thing it won't miss is the expiration at the end of 2007 of the eight-year European Cooperation Arrangement among itself, Lufthansa and bmi under which LH and SAS agreed to subsidize bmi for its financial losses. Last year the agreement cost SEK652 million, up from SEK415 million in 2006. "If you ask me for the business rationale behind this kind of arrangement I must be honest, I cannot see it,"
652 Million Swedish Kroner = £55m Sterling.
For further information on the Deal -see
http://books.google.de/books?id=lY1x...PF-2E3U4IJNDuY
Enough Proof?
