Bmi Group Chairman Michael Bishop confirmed the March transfer of 51 slots at London Heathrow to British Airways for £30 million ($59.4 million) but said the transaction was not a sale, as reported in the mainstream press, but a condition of bmi's acquisition of BMED. "They weren't our slots," Bishop explained. "The deal was that BA had a right to cancel their franchise with British Mediterranean and operate the routes themselves in the case of financial default, which is what happened, ...

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