The only reason VS are bidding at half the price of IAG is so they can mount a
PR offensive saying "Look at us fighting against big bad BA who have gobbled up poor BMI in an unfair manner" when Lufty sell to IAG. Can you imagine the colour of Steve Ridgeway's face if he really had to turn around BMI, something Lufthansa wasn't even close to doing?
How many connecting passengers will be jumping on VS transatlantic from BD mid-haul? Part of me almost wants VS to win as finally they'd have to deliver on a contract rather a press release for once.