Top

Virgin Atlantic Airways

December 25, 2011 by staff 

Virgin Atlantic Airways, International Consolidated Airlines Group SA on Thursday beat rival Virgin Atlantic Airways in the bidding battle for Deutsche Lufthansa AG’s unprofitable airline British Midland International, or BMI, helping to secure the group’s future growth at London’s congested Heathrow airport.

IAG, which owns British Airways and Iberia, said it had agreed to buy BMI for £172.5 million ($270 million) in cash, dealing a blow to Virgin Atlantic, which had said it was still in the running for BMI even after IAG and Lufthansa reached a preliminary agreement in November.

Report to Team

_________________________________________
Please feel free to send if you have any questions regarding this post , you can contact on

usspost@gmail.com

Disclaimer: The views expressed on this site are that of the authors and not necessarily that of U.S.S.POST.

Comments

Comments are closed.

Bottom