Newsletter Subscription


Saturday, July 4, 2015


Lufthansa to sell British subsidiary to BA owner

FRANKFURT - Germany's Lufthansa on Thursday announced the sale of its British Midland Ltd. subsidiary to International Consolidated Airlines Group, which owns the rival carriers British Airways and Iberia.

The sale, which will be concluded in the first quarter of next year, was fixed at 175.2 million pounds (around 207 million euros, $270 million).


Lufthansa said it was pleased to be rid of a loss-making subsidiary.

With the acquisition, IAG will have more than half the landing slots at Heathrow, Britain's busiest airport.

The German carrier had bought BMI, which has some 3,500 employees, in 2009.


by Claire Rosemberg
(c) 2011 AFP

Your company’s press release on ASDNews and to thousands of other journalists and editors? Use our ASDWire press release distribution service.

Published on ASDNews: Dec 22, 2011

 

Defence Exports 2015 Conference

Sep 30 - Oct 1, 2015 - Amsterdam, Netherlands

Register More info


US Export Controls with REFORM CHANGES Seminar

Dec 7 - 10, 2015 - Miami, United States

Register More info


© 2004-2015 • ASDNews • be the first to know • contact usterms & conditionsprivacy policyadvertisingfaqs

zpsk