Virgin launches offensive over BMI deal

Posted 04/11/2011

 

Virgin has issued a statement saying it still wants to buy BMI, despite Lufthansa's announcement this morning that it has struck a deal with IAG (see earlier story).

"We can confirm that we have made a bid for BMI, and are working with Lufthansa on the next stage of the purchase," it said.

"We remain committed to the acquisition of BMI and believe that our offer will lead to the best outcome for the millions of consumers that fly in and out of Heathrow every year.

“British Airways’ hold over Heathrow is already too dominant and we are very concerned - as the competition authorities should also be - that BA’s purchase of BMI would be disastrous for consumer choice and competition.

"With Government limiting growth at London Heathrow, they cannot afford to turn a blind eye to the deterioration of competition that would result from a BA purchase of BMI.”

Virgin said if it owned BMI competition with British Airways would be strengthened, benefiting consumers with lower prices and a healthier market.

"It would also protect and create hundreds more UK jobs than a potential takeover by British Airways," it added.


by Bev Fearis
 

Originally published 4 Nov 2011 at: http://rss.feedsportal.com/c/398/f/5923/s/19d21be1/l/0L0Stravelmole0N0Cstories0C1150A1150Bphp0Dmpnlog0F1/story01.htm