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Lufthansa: British Midland sold to IAG (British Airways-Iberia)

Berlin, Germany - Sale provides to the carrier sustainable future prospects and the opportunity to benefit from stronger financial position

Lufthansa said in a press release that Deutsche Lufthansa AG (Lufthansa) and International Airlines Group (IAG) have signed a binding purchase agreement for the sale of British Midland Ltd. (bmi) to IAG (International Airlines Group, composed of the merger by British Airways and Spanish Iberia). The gross purchase price is 172.5 m GBP (approx. 207 m EUR) in cash. After agreed price reductions the...

fra/pec - 1136589
Rome, Italy, 12/27/2011 10:52
AVIONEWS - World Aeronautical Press Agency

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