CK
29-05-2008, 10:34
Virgin Atlantic and Lufthansa rumoured to be in merger talk
(Source : eTravel Blackboard, May 29, 2008)
Reports are coming in that Virgin Atlantic could be interested in a merger with Lufthansa if the German carrier secures control of bmi. Lufthansa currently controls 30% of bmi, but is looking at possibly upping that to a majority stake; if this occurs Virgin Atlantic could be interested in merging with Lufthansa, with owner Richard Branson still holding a 51% share, reports financial news-source City AM. 'Virgin would be interested in linking up with Lufthansa if its deal with BMI goes through at the end of the year,' a City AM source said. 'A three-way tie up between Virgin, Lufthansa and bmi would give all three firms a bigger presence at Heathrow, as well as a beefed up short-haul and long-haul networks.'
Full Story: http://www.etravelblackboard.com/showarticle.asp?nav=2&id=78162
(Source : eTravel Blackboard, May 29, 2008)
Reports are coming in that Virgin Atlantic could be interested in a merger with Lufthansa if the German carrier secures control of bmi. Lufthansa currently controls 30% of bmi, but is looking at possibly upping that to a majority stake; if this occurs Virgin Atlantic could be interested in merging with Lufthansa, with owner Richard Branson still holding a 51% share, reports financial news-source City AM. 'Virgin would be interested in linking up with Lufthansa if its deal with BMI goes through at the end of the year,' a City AM source said. 'A three-way tie up between Virgin, Lufthansa and bmi would give all three firms a bigger presence at Heathrow, as well as a beefed up short-haul and long-haul networks.'
Full Story: http://www.etravelblackboard.com/showarticle.asp?nav=2&id=78162