BMI to sell NATS stake to Lufthansa?
15.01.12
BMI is reported to be discussing the sale of its shareholding in UK air traffic control company NATS to its current owner Lufthansa, to meet funding requirements ahead of its sale to British Airways parent International Airlines Group (IAG).
The Financial Times reports that the move is aimed at maximising BMI's funding before March 31, when the German flag carrier hopes to complete the sale of its UK subsidiary to IAG. Last month, German state-owned Deutsche Flugsicherung (DFS) confirmed reports that it was planning to make a bid for the Government’s 49 percent stake in NATS.
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