IAG agrees preliminary deal to buy BMI
British Airways and Iberia parent International Airlines Group (IAG) has reached a deal in principle with Lufthansa to buy British Midland.Read the full story.
Followed by the response by Virgin Atlantic:
Virgin still aims for BMI despite preliminary LH/IAG deal
After International Airlines Group (IAG) announced today that it had agreed in principle with Lufthansa to take over British Midland International (BMI), there is confusion as Virgin Atlantic Airways appears to be still making a rival bid for the UK carrier.
Read the full story.