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Old 23rd Aug 2009, 07:24
  #1353 (permalink)  
INKJET
 
Join Date: Feb 2001
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Nothing new in this report!

Much of this report is just re-issued stuff, its no secret that LH (had to) paid too much for bmi at a time when other buying oportunities came along.

Virgin would make alot of sense, most of bmi profitable routes are East bound from LHR and they have nothing that fly's west of DUB under their own name

I think if LH could come out of this with a handful of LHR slots and no nett cash out they might be tempted, however Virgin is far from a strong company at this point either.

LH will by now have cleared the fog of war that SMB laid down over the groups accounts and will have a pretty good idea of whats working and what isn't. Its still far from clear that bmi under German control can retain traffic rights to some non EU countries and guess what, thery are probably the profitable one's

who was it that said "it will be over by Christmas"
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