Lufthansa may shut BMI if sale blocked
22 March 2012Lufthansa AG is considering shutting down its loss-making British Midland Ltd. – known as BMI – if its sale to International Consolidated Airlines Group is held up by anti-trust authorities in Brussels.
The German airline agreed in December to sell BMI to IAG, the parent company of British Airways and Iberia, for a maximum GBP172.5 million. But the deal could be held up following Brussels’ rejection last week of concessions offered by IAG, which the competition regulator said were inadequate.
source: marketwatch.com
