Source: Virgin Atlantic to buy bmi and Join Star.

A very good source tells me that Virgin Atlantic will buy "most of" bmi (British Midland International) within 90-120 days and Virgin Atlanic will join Star Alliance within a year after that. The bmi name will go away and the Virgin Atlanic name will stay after they fully join. Lufthansa is ready to sell bmi after they off load a few more LHR slots trying to make some money back from their "investment". My source adds that Lufthansa wants to make sure that who every they sell too will keep the important UK routes in Star.

I do not think this is any new news but from what i'm told the talks have very much picked up this week, and a deal is getting close.

It was added that bmi, which comprises bmi mainline, the Low Cost bmibaby and bmi regional might be broken up in the sale. Lets just hope there is not an airline called "Virgin Baby".

Again this is just new info I got from a source today and as we all know things change by the day on stuff like this!

Comments

#1
Gene October 11, 2011 at 11:41 pm

Damian, thanks for the news! I've been worrying lately about my 1.2 million bmi miles, so is it safe to assume that all bmi miles will be protected if this deal comes to pass?

#2
Damian October 11, 2011 at 11:46 pm

Gene, I do not have any info on miles. I would still worry :( start spending them, I can send you my full name for some nice reward tickets ;) to help you spend the miles.. I'm sure LH wants to keep the bmi customers happy, the UK is a big market for LH. Time will tell! Lets hope VS joins star and you can still spend your miles on some of the world best airlines in star.

#3
Gene October 12, 2011 at 12:05 am

If VS acquires bmi, I sure hope they join Star, because I don't want to be stuck redeeming for VS's ghetto business class.

#4
BLR October 12, 2011 at 12:24 am

@Gene 1.2 million bmi miles! I'll help you use some of those as well.

#5
Nick October 12, 2011 at 12:37 am

@Gene: I'm sure we could make a good upgrd team round the world booking with that many miles ;)

I actually would really like this, since Virgin is close enough to Star Alliance anyway, and provides a good foothold for LHR, and they will probably push to bring the other Star terminals there up to standards

#6
Jimgotkp October 12, 2011 at 12:43 am

Doesn't surprise me that they are joining *A. *A is the best alliance hands down imho with the highest amount of good airlines.

#7
Darren October 12, 2011 at 01:04 am

I soooo want Virgin Atlantic in Star! Very exciting news and I hope it comes through.

#8
Brad October 12, 2011 at 02:51 am

I'm with Nick! haha.

I agree with the other commenters as well, Adding Virgin Atlantic would be a nice get for Star Alliance. More trans-Atlantic options, and LHR in particular would be excellent.

#9
Euan October 26, 2011 at 03:20 pm

I would be interested to know how VS plans to deal with BMI's short-haul operation.

As suggested, I think more of BMI's slots will be sold (with BA likely buyers of one or two).

Interesting progress for VS given SQ were considering off-loading their stake earlier this year (http://www.centreforaviation.com/analysis/new-singapore-airlines-ceo-takes-over-considers-selling-virgin-atlantic-stake-42958)

#10
Aaron February 23, 2012 at 05:39 pm

Whoops... Guess this didn't happen...