Specially for
Flying Wild
Update from Wolfgang Prock-Schauer regarding bmibaby
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Dear colleagues,
As you are aware we have been talking to various parties regarding the sale of bmibaby. We have now signed a term sheet for the sale of bmibaby to a UK based company. Below is the press release that will be distributed today. As the release states, the term sheet is non-exclusive and enables us to continue discussions with other interested parties. We are confident that this is a positive step towards finding a good future for bmibaby.
Regarding bmi Regional, as previously communicated, the sale is subject to certain pre-conditions being fulfilled. As soon as more information is available we will provide you with an update.
The process of the proposed sale of British Midland Ltd to IAG continues as outlined in my previous communication. There is no further update at this time but please be assured that we are giving you as much information as we can and we will continue to keep you updated.
With best regards,
Wolfgang Prock-Schauer