PPRuNe Forums - View Single Post - BA/bmi merger (was Virgin & Balpa - bmi next ?)
Old 28th Mar 2012, 07:26
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Callsign Kilo
 
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Out of interest, why was the decision over the purchase of bmi extended from the 16th March to this Friday? Was this surrounding the EU's requirement for IAG to surrender a greater share of the proceeds ie the slots. I understand IAG have offered an additional 14, which the EU suggest is not likely to be enough. Any more concessions and IAG state that there is little economic viability left in the purchase due to the losses that bmi currently operate at. Does anybody else think that if there can't be some sort of agreement here then IAG will back away and Lufthansa will wash their hands off the whole affair? It's unlikely to come to that, right?
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