Virgin makes rival bid for BMI

Virgin Atlantic Airways made a bid for Lufthansa’s BMI unit after rival British Airways’ parent IAG offered to purchase the airline.

12th December, 2011
Virgin makes rival bid for BMI
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Virgin Atlantic Airways made a bid for Lufthansa’s BMI unit after rival British Airways’ parent IAG offered to purchase the airline.

The two carriers are doing due diligence currently and have an equal chance of succeeding, Claudia Lange, a Lufthansa spokeswoman, was quoted as saying by Bloomberg. IAG announced its bid last month.

Lufthansa has been seeking a buyer for BMI after failing to turn around an airline added under duress in...

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