Ddee737
IAG are buying 100% of bmi and includes all staff, the directors are employees of bmi and will have long lead termination clauses of between 6 12 months ( pilots have 3 months) so yes I am for real.
They will continue to be directors of bmi owned by IAG until such stage that bmi is dissolved or merged into BA or the are replaced/contracts terminated by IAG
Of course it's unlikely that they'll be kept on long term, perhaps even short term, but thats the way it works, they have employment rights just like another employee and IAG will deal with it carefully wrongful dismissal on their pay scale would not be something IAG will want to get involved with, they will in practical terms be let go with a large, very large golden goodbye.