Flybe in talks to buy bmi regional, bmi baby

November 30, 2008 Comments Off on Flybe in talks to buy bmi regional, bmi baby 208 Views

Reuters, quoting The Mail, reports, British airline Flybe is in talks to buy British Midland’s (BMI) subsidiary operations bmi regional and bmi baby.

The two airlines are not core to the strategy of British Midland’s new owner, Lufthansa (LHAG.DE: Quote, Profile, Research, Stock Buzz), it said.

Lufthansa took over British Midland last month, but the German airline has indicated it is more interested in bmi’s long-haul routes and valuable Heathrow slots than in the two subsidiaries.

Bmi regional is UK-focused, while bmi baby is a low-cost airline that flies to a number of European destinations.

Privately-owned Flybe is in due diligence for the two businesses, which together make up about 40 percent of British Midland’s turnover, the newspaper reported.

Analysts have previously touted Flybe as a potential buyer of bmi regional, saying it would fit in well with Flybe’s strategy of trying to consolidate the UK regional market

About Devesh Agarwal

A electronics and automotive product management, marketing and branding expert, he was awarded a silver medal at the Lockheed Martin innovation competition 2010. He is ranked 6th on Mashable's list of aviation pros on Twitter and in addition to Bangalore Aviation, he has contributed to leading publications like Aviation Week, Conde Nast Traveller India, The Economic Times, and The Mint (a Wall Street Journal content partner). He remains a frequent flier and shares the good, the bad, and the ugly about the Indian aviation industry without fear or favour.

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