bmi to sell bmi Regional

 Sources say that bmi is in advanced discussions to sell bmi Regional to a U.K investor group previously associated with the regional business. The sale would be in the form of shares of bmi Regional, all assets used in the bmi Regional business including the aircraft fleet, the existing regional route network and the continued employment of the existing staff.518079

Sources say that transaction documents will be signed shortly and subject to achieving all regulatory approvals, the target completion date will be before the end of the year.

bmi Regional will continue to fly under its existing brand name and offer the BD flight code. The currently published winter schedule will continue as planned.

The new owner plans to continue the airline as an independent entity based in Aberdeen and to further develop the regional network in both the U.K. and Europe.

I reported a few weeks back that Virgin Atlantic will buy "most of" bmi (British Midland International). Sources now tell me that Virgin wants a very clean deal, the mainline airline with its LHR slots and nothing more. So dumping the "regional" airline now sounds just about right.. I would say we should look to the low fare airline "baby bmi" to be the next off loaded.


Gene November 1, 2011 at 05:19 pm

So, when you say "Virgin wants a very clean deal, the mainline airline with its LHR slots and nothing more", does that include or exclude accrued Diamond Club miles and status? I certainly hope that my miles and status transfer to M&M.

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