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

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 09.26.16

Airborne 09.27.16

Airborne 09.28.16

Airborne 09.29.16

Airborne 09.30.16

Airborne Hi-Def On YouTube

Airborne 09.26.16

Airborne 09.27.16

Airborne 09.28.16

Airborne 09.29.16

Airborne 09.30.16

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

Advertisement

More News

Missing PilotÂ’s Remains Bring Sister Closure After 51 Years

Mag. Dean Klenda Laid To Rest Sept. 17 Maj. Dean Klenda, an F-105 Thunderchief pilot, went to Vietnam in 1965. He never returned. His sister, Deanna, has been searching for answers>[...]

Airborne 09.30.16: ForeFlight/SiriusXM, FAA Takes On SMO, MH17 Shootdown

Also: Lynx Grounding, Drone Shooters, N Korean AirShow, Alaska Airlines, King Stallion, Embraer EMB 120, Pilot Arrested ForeFlight and SiriusXM have introduced SiriusXM Aviation we>[...]

Airborne 09.29.16: SpaceX Raptor, FAA v KSMO, First A330neo

Also: ISU Plane Mess, Redbird-NBAA-Deland, 1st Inuit Female Pilot, NTSB on Reno, Rotorwash, Air Tanzania Q400s, Av-Appreciation It looks like the concept of presidential candidates>[...]

Airborne 09.30.16: ForeFlight/SiriusXM, FAA Takes On SMO, MH17 Shootdown

Also: Lynx Grounding, Drone Shooters, N Korean AirShow, Alaska Airlines, King Stallion, Embraer EMB 120, Pilot Arrested ForeFlight and SiriusXM have introduced SiriusXM Aviation we>[...]

ANN's Daily Aero-Linx (10.01.16)

How To Make A Spaceship The story of the bullet-shaped SpaceShipOne, and the other teams in the hunt for the XPrize, is an extraordinary tale of making the impossible possible.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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