Lufthansa decides to take majority stake in BMI

[Keith009]

Start spending those diamond club miles NOW... before they get rolled into M+M which ain't nearly as good value.

AFP: Lufthansa decides to exercise option for BMI: finance director

German airline Lufthansa has decided to exercise an option to take a majority stake in British carrier BMI, Lufthansa finance director Stephan Gemkow said on Friday.

...


Lufthansa currently holds 30 percent percent minus one share of BMI and has the possibility of acquiring -- between December 2008 and June 2009 -- the 50 percent plus one share stake held by BMI chief Michael Bishop.

 

[winetraveller]

If this means I get my 25% executive bonus with BMI now, I'm happy.