Bmi Group yesterday confirmed a £99.7 million ($137.2 million) loss in 2008, reversed from a £7 million profit the prior year, and said it plans to reduce costs by an additional £45 million this year and is negotiating a pay freeze with employees. CEO Nigel Turner said the results "were hit by the unprecedented and extremely challenging market conditions reported throughout the airline industry" in addition to the "reputational problems" at London Heathrow caused by the ...

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