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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