BA saves BMI by buying it

[arista]

IAG/British Airways has bought BMI Airways


http://www.guardian.co.uk/business/2011/dec/22/ba-owner-iag-virgin-buy-bmi



Branson of Virgin is Very Angry - Tough Luck

They picked BA.


Jobs will go
but not all them.
And BMI would have folded.

[Pyramid*]

I'm kinda on Branson's side with this one - It means BA does have an monopoly at Heathrow - and less competition is not good for the punter.


Once the deal is completed, IAG's share of take-off and landing slots at Heathrow will rise from 45% to 53%, consolidating its position as the airport's most powerful carrier. Branson, Virgin Atlantic's co-owner and founder, urged competition authorities to block the deal

[arista]

Sure

But Thats Life.

[Pyramid*]

Sure

But Thats Life.

It is - but it's not healthy for consumerism - the paying customer is the one who always loses out when it comes to monopolies. That's the bad news.