TITLE

Bishop bails out

AUTHOR(S)
Churchill, David
PUB. DATE
December 2008
SOURCE
Business Travel World;Dec2008, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that Bmi Chairman Michael Bishop has sold his controlling stake in the company to Lufthansa. Bishop, set to receive a £317 million (m) windfall from the deal, believes that he is rather too young to retire even at the age of 66. Yet he clearly felt that with the outlook for the global airline industry probably as uncertain now as at any time in its history, it was easier to accept the German carrier's money than fight on alone in a consolidating market.
ACCESSION #
36322092

 

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