Lufthansa’s announced plan to take a majority stake in BMI next year presages a fundamental change for the British airline industry. How exactly the reshuffling will play out is not quite clear yet, as Luft­hansa has made no comments about its plans for BMI. It’s a toss-up as to whether British Airways (BA) or Virgin Atlantic will be the big winner or big loser. Chief Financial Officer Stephan Gemkow last month confirmed for the first time that Lufthansa will buy Sir Michael Bishop’s ...

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