British Airways (BA) owner International Airlines Group (IAG) reached a binding agreement with Lufthansa Group (LH) to buy British Midland Ltd. (bmi), the companies announced Thursday.
British Midland International A321. By Rob Finlayson British Airways (BA) owner International Airlines Group (IAG) reached a binding agreement with Lufthansa Group (LH) to buy British Midland Ltd. (bmi), the companies announced Thursday. IAG, the parent company of BA and Iberia, will pay €207 million ($271 million) in cash for the loss making UK carrier, although the price is subject to significant reductions if LH decides not to sell bmi subsidiary bmibaby before completion, ...
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