British Midland, parent of bmi, announced Friday that it acquired control of London Heathrow-based British Mediterranean, a BA franchise partner since 1997, subscribing to approximately £30 million ($59 million) of new shares in BMED. "Bringing BMED into the bmi group creates a business with a turnover in excess of £1 billion with substantial growth opportunities. The acquisition enables the bmi group to accelerate its strategy of expansion into medium-haul markets," group CEO ...

Subscribe to Access this Entire Article

"British Midland expands network, Heathrow presence with BMED acquisition" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.