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 ...

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