Following its first full year of independent operations, the UK’s BMI Regional reported a so-called trading update and 2014 outlook in late January, under which it announced the launch of new intra-Scandinavia services involving several new destinations, a doubling of capacity on its Aberdeen-Oslo route and this month’s launch of Newcastle-Brussels service.
International Airlines Group (IAG) has signed a binding agreement to sell Aberdeen, Scotland-based BMI Regional to Sector Aviation Holdings for £8 million ($12.9 million) in cash. The sale includes all BMI Regional’s fixed assets and long-term liabilities, including owned and leased aircraft.
BMI Regional flies a fleet of 18 Embraer ERJ 145s and ERJ 135s throughout the UK and Northern Europe. IAG chief executive Willie Walsh said the deal “should” secure some 330 jobs.
British competition authorities have dismissed complaints that they did not investigate the British Airways (BA) bid to buy BMI (the former British Midland International) from Germany’s Lufthansa—a deal approved by the European Commission (EC) on March 30.
The scramble for precious slots at London Heathrow Airport has spurred a bidding war for struggling UK carrier BMI. Virgin Atlantic Airways has told Lufthansa, BMI’s owner, that it will be able to close the deal more quickly than the International Airlines Group (IAG), which launched a bid for BMI in November.
British airline group bmi has signed two new agreements with Lufthansa Technik. Under the terms of the first agreement Lufthansa Technik will continue to supply base maintenance services for 41 aircraft of the complete bmi and bmibaby fleets, which include 25 Airbus A320s, two A330s and 14 Boeing 737s. The contract calls for more than 200 C checks to be performed over the next seven years.
British businessman and entrepreneur Lord Sugar, a 25-year veteran of business aircraft ownership, touted the benefits of aircraft at the BBGA gathering. Sugar told members that owning an aircraft had enabled him to spend one day a week in Denmark, leaving London at 6 a.m. to work an eight-hour day in his Danish office.
Toronto-based Porter Aviation Holdings announced this week that it has decided not to proceed with a proposed $120 million IPO due to unfavorable market conditions caused by volatility in the equity markets.
Lufthansa pilots continued negotiations with airline management at press time over what they claim amount to scope-clause violations by the German flag carrier. The pilots, organized in a trade union called Vereinigung Cockpit (VC), started a four-day strike on February 22 for higher pay, better work time arrangements and–above all–job security.
Air Wisconsin, a UAL United Express partner, has expressed some confusion with regard to a request by United Airlines to its partners that they submit bids for 70-seat regional jet service within the United Express system.
Despite United Airlines’ apparent decision to abandon its attempt to buy US Airways for $4.3 billion, the airlines agreed to submit to the Justice Department a merger proposal for full review in compliance with a 21-day review period requirement, prompting applause from DC Air CEO Robert Johnson, who pledged to locate his airline’s headquarters in Washington if the merger survives Justice Department scrutiny.
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