Lufthansa will become bmi's main shareholder with an 80% stake following the decision by bmi Chairman Michael Bishop to exercise his put option requiring LH to purchase his 50%-plus-one-share of the carrier he helped to found more than 30 years ago. The deal makes Lufthansa the second-largest slot holder at London Heathrow behind British Airways with a 12% share. The option, which was part of a 1999 agreement that gave LH a 10% share in bmi, was exercised three weeks ago but the action was ...

Subscribe to Access this Entire Article

"Printer-friendly" 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?

Already registered? here.