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Article from BTNews 14 SEPTEMBER 2009

bmi and Lufthansa

BMI, now majority owned by Lufthansa (SAS has the 20% balance), is likely to be sold or broken up according to reports from Germany.  Frankfurter Allgemeine Zeitung says it has so far attracted interest from 12 potential buyers, citing company sources.  British Airways and Virgin Atlantic were among the potential buyers, the paper said.  bmi controls around 11% of Heathrow slots and also further landing and take off positions complicated by past arrangements with other airlines.  While these currently do not have a great value it is considered that once the worldwide economies pick up their value will come back.  Heathrow is certainly leading the way with regard to improved figures as far as major European airports are concerned.  Whatever happens it is likely that Lufthansa will retain some slots for its own use. www.flybmi.com

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