bmi and United Airlines in alliance talks

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British airline bmi and United Airlines of the United States have applied to the U.S. government to form an alliance that would effectively merge their transatlantic operations, the Times reported on Wednesday...
 
There's quite a bit of horse trading going on at the moment with BMI suddenly a lot more valuable assuming Open Skies is ratified by US. LH, with its ownership stake and options, would appear to be in the box seat.
 
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