Say again s l o w l y

Not long I should think...

Rougueg

Anyone know where WPS is going... I will avoid that airline!

Buster the Bear

BA can transfer A319s from bmi and call it BA Express - or maybe not! I am sure I read about Iberia Express last week?

Good luck to all who work for baby, those that I know are worthy of far better treatment.

LGS6753

Lots of people on here are understandably criticizing management for lack of information. Whilst it is frustrating and worrying not knowing how secure your job is, take a moment to put yourself in management's position.
1. Most managers are not aware of the progress of negotiations. The negotiating team will be as small as possible to speed the process. They will report to the Main Board and/or CEO of the plc, not a subsidiary.
2. IAG and DLH (the negotiating bodies) are major plcs. Their main board directors are governed by Stock Exchange rules in Britain/Spain and Germany. This means they can legally only disclose share price-sensitive information (ie anything to do with M&A activity) in particular ways at particular times. Failure to do this can open the plc up to legal action from shareholders.
3. All parties have signed non-disclosure agreements, and breach of confidentiality would not only incur internal disciplinary action, it could also incur pretty serious legal action too. In fact, a serious breach could render an individual virtually unemployable.

For these reasons I think it's pretty unlikely that any rumours will have much substance. They will be speculations, assumptions or deliberate attempts to mislead by people not involved in the process.

To those employed in BMI - I wish you well, but you need to "keep calm and carry on" - the truth will emerge when it emerges.

I am reminded of an old saying: "Nothing in aviation is certain until it's landed."

Aero Mad

...unless it's crashed

PeterP

Trying to deal with all this is so frustrating. I represent potential investors and an experienced airline management team. But I can't seem to get the proper attention of Lufthansa's Dir of M & A nor of IAG. One gets the impression that their minds are already made up on closing such a valuable brand. I'm turning to PPrune in desperation! Can members hassle those in charge to respond to my contact and look at the potential offer that would save and transform this team?

runway30

Peter,

I think they've probably had enough offers from Wales?

PeterP

OK, a reasonable assumption, given my recent history. Interesting that you picked up on it. But you're wrong - if you are seeking some insight, you might want to explore my history rather further back. Even then, you'll probably miss the connection. Equally, I'm sure you will understand that the last place I'd take an airline is any Abertis port, under Carlos del Rio's rule!
Effectively it is possible to rethink BMIR and baby, saving jobs and generating strong relationships for the future. You'll love who I'm working with! Please nag Lufty and IAG to talk.

tony2F

peter, granite seem to have their ears, why not approach them, we need good news right now, but this is all two cryptic and do you really think that anyone will listen to a cry from a rumor network?? lets get real here if your serious embrace the media like oleary and stelios and the likes have over the years. Its hard to take this serious.

PeterP

I know. I've been working on this for weeks now and just thought that a flow of emails to the Director of Mergers and Acquisitions at Lufthansa would indicate strength of feeling. If that emotion and support doesn't exist, then BMI is doomed.
BTW, let TwinAisle off the hook. He has no interest in BMI as he is dedicated to his own business approach. Why ask someone to put his money where his heart doesn't lie? My associates feel they have spotted an opportunity that others have missed. Yes, Tim might kick himself eventually but I doubt it - he will follow his own path and rightly so.
It's also a very expensive and dangerous proposition, this. Would you mortgage your house to buy BMI-R and baby? Hands up - I have a contract ready for you.

Facelookbovvered

I think your talking to the wrong people

The biggest liability for some thing like bmibaby is going to be lease contracts, put your self in the position of a lessor, let's call them ZRL (Zero risk leasing corp) you have a contract in place with a blue chip operator Lufthansa and they say we'd very much like you to take an assignment of our leases to this outfit in say Cardiff that's never traded, ZRL corp response is ah er well NO your havin a laugh!!

Well we would really like to sell our English problem to these guys and we think there good for it, ZRL response? In that case you underwrite the lease risk no problem, ah well we want out, little tommy's have already taken us to das cleaners twice, ok well we have no risk with you and if you don't do the deal before the end of the week the risk moves to IAG who are also blue chip and fit our zero risk policy !

So next week Taffy turns up at IAG world head quarters and says we would very much like to buy your unwanted baby, but nasty ZRL doesn't like the color of our chips, well says IAG. Daffy (it's Taffy not Daffy!) well Daffy have we got a deal for you, which ever way you cut it the lease is on us and as it happens we've just shafted Wolfgang the Hun (sorry I meant to say reached a mutually acceptable deal with Herr Lufthansa) so lets sit down and see how we can come out of this smelling of roses having saved 500+ jobs in the Midlands ( is that near Manchester?) we might even take a small shareholding just so we know what's going on and to make sure you don't start doing anything daft like competing with us, Flybe seem to like it and your name sounds similar what did you say your called Fly bean?

Skipness One Echo

When you say "proper attention", it reads like they have not taken you as serious as you might wish. Turning to the internet to ask if random peeps can "hassle" relevant people at Lufthansa suggest they were bang on the money. Are you for real? How much capital do these guys have behind them? Your post here is pretty unprofessional and to be fair, if anyone from Lufty gets wind of what you've done here, what do you think the reaction would be? Given your name probably is Peter, I mean they're quite sharp these Germans. They'll work it out eventually !

You are CLEARLY a fantasist seeking attention. This is meaningless drivel, strong relationships with whom? To what end? What's the commercial gain? Why does it matter if we love them? Do they have a reputation in the business? Why are they so desperate they need an internet campaign before Lufty will even talk to them? Have they done due diligence and seen the books and Lufty stopped co-operating or have the Germans not engaged at all in which case your "investors" have little idea of the numbers.

If someone came to be with a proposition under these circumstances, I wouldn't actually mind if the door did hit their arse on the way back out.

mathers_wales_uk

One does seem to have a finger in too many pies PeterP.

Surely isn't so naive and doesn't think that the various relevant parties haven't exhausted the countless number of options available to them to secure a possible future of bmibaby & bmi regional after the sale of bmi to British Airways is complete?

With the very little information provided on here to encourage employees of both bmibaby & bmi regional to follow this latest plan of yours. I am disappointed that someone who has a previous professional background in the industry can try to generate false hope as they worry about possible job losses.

One with a serious plan would be able to retrieve the relevant contacts required especially with your background in the industry and deliver them direct to the necessary people at both airlines.

How would the future of bmibaby & bmi regional fit in with your other projects for Welsh aviation considering you have already had a dig at Abertis once again. Surely if this latest project were to succeed then your recent post on not serving Abertis run airports would mean that in fact you would not support Welsh aviation.

Nice to see that you’re anti Cardiff Airport stance continues although very counter productive and damaging to the Welsh aviation industry. Surely you've been grinding the axe about CWL so much now that there can't be much of it left. Maybe this could be countered by your idea for an extension to the runway at Pembrey to provide MRO for A380 as your role of non-executive director for Pembrey Airport.

chock o late

Peter p your comments are laughable. Are you seriously asking members of pprune to get hold of LH and IAG and instruct them to please speak to you. These investors in your imagination would surely appoint a person with contacts to act on their behalf not someone who goes on message boards crying out for help.

If Mathers is correct I would be very worried if I was on the board of Pembrey airport as you are not giving it a very professional impression.

Arkroyal

Inkjet:

As of yesterday, not even that!

THe Pensions Regulator has refused permission for Lufty to retain the final salary pension as a going concern.

It will now fall onto the hands of the Pension Protection Fund (PPF)

Lufty will provide an additionaL £84Million to be used in a way yet to be decided.

So for those who transferred in from bmi not only are they facing redundancy, but a much reduced pension too.

It just gets worse and worse.

Arkroyal

Hi Inkjet

I think you know what I want, but I wouldn't wish it on my colleagues!

matkat

Well I am leaving today, good luck to all at BMI it has been great here wish it could have been longer but thems the breaks.
DM

thebayflyer

Have I heard correct that its capped at 35k?

Granite City Express

The PPF only guarantees benefits of pension scheme members who have not yet retired up to a maximum of £34,049 per year. It does not cover most increases to pensions in payment, or widows’ or dependants’ benefits.

handsfree

More info on the Pension Protection Fund here

Compensation