IAG move for BMI enters end-game

Kaminski-Morrow, David; Reals, Kerry
April 2012
Airline Business;Apr2012, Vol. 28 Issue 4, p9
Trade Publication
The article reveals the 159.3 million dollars expected restructuring costs for BMI once International Airlines Group's (IAG) planned takeover is permitted. IAG is cited to have agreed to a 172.5 million dollar cash deal to take over BMI from Lufthansa. Regulators are presented to have moved back the merger deadline following IAG's submission of commitments. BMI's slot allocation for the summer of 2012 is suggested to fall by 42 percent.


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