Reply To: Lufthansa buys BMI

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Saw the statement by Luftie’s CFO on this at the weekend along the lines of being determined to exercise the call option to buy bmi this December, so maybe this one is right.

bmi has 11 per cent of the slots at Heathrow, so BA and Virgin would buy it as well, but only if they got the chance. Bishop is by far the cleverest guy in the room, I think, sp perhaps he could sell to someone else. On the bmi website he is quoted as

“The shareholder options between myself and Lufthansa have been widely reported some with more accuracy than others. None of the accounts accurately reflect all of the essential details of that private agreement between shareholders” (that was from the bmi website.”

which could mean anything.

Imagine Lufthansa with 11 per cent of the slots out of Heathrow. Its first quarter profits (while others are going out of business) were €188million.

That would make the sale of BA to Emirates a foregone conclusion (and also, another topic post, I suppose)

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