Low Pass
bmi has 3 A330's with several more on order and is in a position to start transatlantic services almost immediately from LHR. Sure they are no match for BA or Virgin in terms of capacity but when you question "can they provide suitable competition" consider the following:
1) bmi are the second largest operator at LHR which can offer connections to an established European network
2) As well as having membership to the Star Alliance, bmi are codesharers with United which offers excellent connections stateside
I understand what you are saying and I share your view that the UK government must protect it's own back garden with great care but I fail to see that any airline with a desire to commence US services from LHR will ever be in a better position than bmi are now.
ES