Lufthansa and British Midland

LUFTHANSA will become the 100% owner of bmi, the former British Midland Airways, effective 1 November 2009.  The German airline, established in 1926 has purchased the 20% of the carrier owned by SAS for a total of £38m.  Should Lufthansa decide, on the background of its strategic analysis, to sell bmi completely or parts of the company SAS will under certain conditions receive an additional payment, but only within the next two years.  On 1 July 2009 following an out of court settlement Lufthansa purchased a majority shareholding of bmi from Sir Michael Bishop (technically BBW Partnership Ltd), for a total of £223m (€265m). See AERBT 29 June 2009 www.flybmi.com www.lufthansa.com www.flysas.com

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