British Airways parent International Airlines Group (IAG) has reached an agreement in principle to buy BMI British Midland from Lufthansa, the companies said Friday. The deal is subject to several conditions, including further due diligence and regulatory approvals. Lufthansa officials said in a conference call with analysts and reporters that they expect the transaction to be completed in the first quarter of 2012. No financial details were released. “I see BMI as a very positive ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must be a paid subscriber to access "IAG Buying BMI From Lufthansa".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.