BMI Insists We Are Not In Financial Crisis?
This was reported in the TTG recently.
BMI was forced to issue a statement this week insisting that it was a going concern after the Times reported claims that it might not be able to continue to operate beyond next year.
The carrier said that it executives and directors claim they would be able to meet it's financial obligations and has 'Adequate Resources' to continue operations.
The report also claimed BMI needed £190 million of extra funding by the end of October 2010.
It said LH - Lufthansa had pledged £95 million and BMI hoped to find the rest by putting slots up for sale at LHR.
But BMI's accountant Deloitte warned of NO GUARANTEE of any more support from LH.
As quoted in the TTG.