Studi
I agree totally with your philosophy. I firmly believe that if the majority voted "no", WW would still have to integrate bmi in order to minimise the losses. Without using BA as a vehicle to do this, he would simply amortalise the losses that Lufthansa have had to endure, for a considerable time in the future at IAG's expense.
Remoulding the shell of a company that is currently bmi, would cost too much and IAG shareholders would not be best pleased that vast sums of money were required to be pumped in to a standalone company in order to turn bmi around with new crewing, operations, premises etc.
Therefore I can not see it happening in a month of Sundays. Voting "Yes" may seem like you are protecting your position but in actual fact, it is more like firing a cannon at IAG from below your own waterline. From here, the ship can only go down
