AndyEastMids From United Kingdom, joined Jan 2001, 996 posts, RR: 2 Reply 1, posted (12 years 3 days 1 hour ago) and read 1105 times:
Airlines of Britain wasn't an alliance at all. It was a holding company that owned British Midland, Loganair and Manx Airlines. All of them were owned by Sir Michael Bishop, etc., at the time.
Then they juggled the companies around again, formed Euro-Manx based at Cardiff, sold Loganair to a management buyout, and eventually split out British Midland again and formed British Regional which is effectively what was Euro-Manx. Now, British Regional is being sold to BA and merged with Brymon.
Sir MDB now has a substantial shareholding in BMI, and Business Air, which BM also acquired, has been renamed British Midland Regional.