BA parent interested in BMI purchase
06.06.11
IAG, the parent company of British Airways and Iberia, is interested in buying BMI, if Lufthansa decides to sell, Reuters reports that Chief Executive Willie Walsh said today. IAG has renewed its interest in the UK carrier because of its slots at Heathrow, which faces constraints on capacity. BMI's slot holding at Heathrow, at around 12%, is second only to BA's 42%.
Mr Walsh told Reuters on the sidelines of an IATA airlines conference in Singapore:‘I have said we are interested; it is really a decision for Lufthansa.’ He added that the newly formed IAG airlines holding company, which has expressed interest in expanding to include other airlines, was not currently looking at any other targets.
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