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How Are BMI British Midland Doing?  
User currently offlineBMI701EGCC From United Kingdom, joined Aug 2004, 162 posts, RR: 0
Posted (10 years 3 months 4 weeks 1 day 18 hours ago) and read 2930 times:

Hi Guys,

I heard last month that BMI's chairman spoke out and said there not making money throughout any of their services(also posted on A.net). One pritty steep statement don't you think?

So now about one month on, have they started to make profit? They're launching the MAN-LAS flights on November 1st, first few flights a fully booked which is a good sign.

personally i don't think they'll go down, but with what the chairman said it could happen at some stage.

Your thoughts guys....



G-PATI-"G-PATI, Back inbound to Barton"MCT APR-"G-PATI, Continue, Keep lookout on VFR traffic"
6 replies: All unread, jump to last
 
User currently offlineOerk From United Kingdom, joined Sep 2003, 162 posts, RR: 0
Reply 1, posted (10 years 3 months 4 weeks 1 day 18 hours ago) and read 2901 times:

I still want to know if they are serious about making MAN a 'star alliance hub.'

User currently offlineJeffDCA From , joined Dec 1969, posts, RR:
Reply 2, posted (10 years 3 months 4 weeks 1 day 18 hours ago) and read 2891 times:

personally i don't think they'll go down

But i wouldn't rule out a takover by an airline such as VS.

Cheers,

Jeff


User currently offlineWhitehatter From , joined Dec 1969, posts, RR:
Reply 3, posted (10 years 3 months 4 weeks 1 day 17 hours ago) and read 2837 times:

VS have as much chance of buying out British Midland as I do of getting pregnant.

Michael Bishop HATES Branson (and rightly so after the snake tricks he's pulled in the past on BD), and SAS/Lufthansa would have to agree.

If anything, a LH takeover is more likely.

On the upside, British Midland loads are quite healthy and WW is expanding/refocussing. BMIbaby is, if anything, short of aircraft at the moment. The business looks to have started to turn the corner.


User currently offlineSteve7E7 From United Kingdom, joined May 2004, 478 posts, RR: 50
Reply 4, posted (10 years 3 months 4 weeks 1 day 17 hours ago) and read 2826 times:

VS have as much chance of buying out British Midland as I do of getting pregnant

Whitehatter,you've obviously never come across the Immaculate Conception then  Laugh out loud

I agree that they seem to be turning the corner,my hope is that they stay independent for a long time to come.Some of their battles with BA are legendary and it would be a crying shame to see the classic fighting spirit sold abroad.




User currently offlineKl911 From Czech Republic, joined Jul 2003, 5305 posts, RR: 16
Reply 5, posted (10 years 3 months 4 weeks 1 day 17 hours ago) and read 2810 times:

BD's fighting spirit will serve VS well, and Branson has stated often that he would like to take over BD. SK and LH will have as much to say as the other shareholders, of which Bishop is the biggest. Business is Business and everything is possible, if they like eachother or not....

User currently offlineWhitehatter From , joined Dec 1969, posts, RR:
Reply 6, posted (10 years 3 months 4 weeks 1 day 16 hours ago) and read 2798 times:

Another seemingly insignificant issue is money. Branson isn't as wealthy as you might think.

Try reading "Branson" by Tom Bower. It'll enlighten you on just how close VS has been to shutting the doors on several occasions, and I somehow don't think Singapore will happily pony up the best part of a billion without some searching questions.

Virgin is in no condition to bid for anyone. Branson wanted BD on the cheap, and Bishop/LH/SK will have no part in his financial shennanigans with shares and debt.


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