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

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne On ANN

ADR 02.20.17

Airborne 02.27.17

Airborne 02.28.17

Airborne 02.22.17

Airborne 02.23.17

Airborne 02.24.17

Airborne-HD On YouTube

ADR 02.20.17

Airborne 02.27.17

Airborne 02.28.17

Airborne 02.22.17

Airborne 02.23.17

Airborne 02.24.17

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

Advertisement

More News

Counting Down! ANN's Infamous April 1st Edition's Just Around The Corner!

Get Your Wacky Ideas In NOW! ANN E-I-C Note: Folks... we gotta warn you... our Annual April 1st Editions are LEGENDARY -- and this WILL be our best April 1st Edition yet. Based on >[...]

Airborne 02.24.17: RV-10 Suit Dismissed, 2016 GA Sales, Red Tail Legacy

Also: Falcon 9 Landing, TFR Busts, Denton Airshow, QF-16, Treasure Coast, 'Fly Safe' Campaign, Juno Mission When the news first came out, in 2015, that Van's Aircraft was sued for >[...]

Sun 'N Fun To Host Massive Gathering Of P-51 Mustangs

Expected To Be The Largest Assembly Of P-51s In A Decade Or More It is being billed as possibly the largest gathering of P-51 Mustangs in a decade or more ... on Wednesday, April 5>[...]

DJI Hints At A New Drone, Reveals Details Early

Industry WAS Speculating What The Drone Giant May Be Bringing To Market Next Generating buzz is good marketing, and DJI was doing so with a Tweet announcing new products for the Mo>[...]

Klyde Morris (02.27.17)

Klyde Is Amazed By All The Ways NASA Info Gets Interpreted FMI: www.klydemorris.com>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC