Lufthansa aims to determine BMI requirements by December

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Lufthansa is not planning any immediate recapitalisation of newly-acquired BMI, at least until it understands the restructuring requirements for the UK carrier.

BMI will effectively become a wholly-owned subsidiary of Lufthansa on 1 November.

The German carrier is already working on a restructuring plan which should be finalised by the end of November or early December.

Lufthansa chief financial officer Stephan Gemkow says there are no plans to recapitalise BMI "for the time being".

He says that the primary issue at BMI is its strategy, adding that the company's assets "need to be monetised" and that Lufthansa must work out what BMI needs to run as a going concern.

"Only then could we make any statement on recapitalisation," Gemkow adds.

Lufthansa chief executive Wolfgang Mayrhuber reiterates that "all options are open" regarding BMI's future, and adds: "People are knocking on the door."