What's This? BMI and Virgin Talking Merger? | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date






Airborne On ANN

Airborne 10.24.16

Airborne 10.25.16

Airborne 10.19.16

Airborne 10.20.16

Airborne 10.21.16

Airborne Hi-Def On YouTube

Airborne 10.24.16

Airborne 10.25.16

Airborne 10.19.16

Airborne 10.20.16

Airborne 10.21.16

Wed, May 28, 2003

What's This? BMI and Virgin Talking Merger?

Strange Times Make For Strange Bedfellows

British Airways, the official carrier of the United Kingdom, is trying to figure a way to scuttle talks between British Midlands Express and Virgin-Atlantic. Virgin-Atlantic is looking for a struggling airline to take over so it can better compete with BA, Europe's largest carrier.

Don't Count Your Chickens Just Yet, Sir Richard

BMI and Virgin-Atlantic have held several negotiations over the past couple of weeks, but the talks now appear stalled. The two airlines can't agree on a price for the takeover, but a Virgin spokesman said the talks would resume soon. Putting BMI under Virgin's wing would allow the new entity to compete with British Airways across the board - on short-haul domestic flights as well as long-haul international routes. As long as those talks are ongoing, BA executives are nervous.

BA was "not ruling anything in, not ruling anything out," but did call its executives from the world over back to London for emergency talks. Does that mean BA might want to takeover the new Virgin-BMI operation? At Virgin, they call that the "flying pig" scenario, but a BA spokesman insisted it could happen. "BA is a public company. We can make a hostile bid for them and there is nothing at all they can do about it. But Virgin is 51 percent owned by Sir Richard [Branson, above]. He has no plans to sell, only plans to expand."

The Naked Truth

But one London newspaper, The Observer, indicated both Virgin and BMI are too debt-ridden to be very appealing to British Airways. In an analysis article, the Observer wrote, "The competition issues arising from a merger of bmi and Virgin are relatively limited. Between them they have 16 percent to 19 percent of landing slots at Heathrow - still only half what BA has."

FMI: www.virgin-atlantic.com, www.flybmi.com, www.britishairways.com


More News

Airborne 10.24.16: Obnoxious NIMBY Report, Scorpion Jet, AMA Remote Pilot Test

Also: Schiaparelli Probe, Spirit Of Aviation, Bell 429, Commuter Craft, Master Pilot Award, Predator B, Space Debris A new study released by the Mercatus Center at George Mason Uni>[...]

ANN's Daily Aero-Linx (10.25.16)

Santa Moncia City Council Candidates Sound Of On FAA Battle Recently, the Santa Monica Lookout sent a series of questions to candidates for City Council, one of which dealt with th>[...]

ANN's Daily Aero-Term (10.25.16): Dead Reckoning

Dead reckoning, as applied to flying, is the navigation of an airplane solely by means of computations based on airspeed, course, heading, wind direction, and speed, groundspeed, a>[...]

Aero-News: Quote of the Day (10.25.16)

“The GIV and G450 ushered in a business aviation renaissance that has led to increased safety, greater reliability, better technology and improved performance. It’s fit>[...]

ANN FAQ: Feel The Propwash (Updated)

New Form Makes Subscribing, Unsubscribing Even Easier While we're very proud of our newly-redesigned website, we know that some folks really enjoy the convenience of having their A>[...]

blog comments powered by Disqus





© 2007 - 2016 Web Development & Design by Pauli Systems, LC