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Joined: Sun Oct 03, 2004 1:40 am

IAG Only Paid £20m For BMI Group?

Tue Apr 24, 2012 1:57 pm

A report in the Sunday Times suggest IAG could have paid as little as £20m - more than £150m less than the price originally agreed for the purchase of BMI - in order to take all three airlines off Lufthansa's hands.

Very interesting reading and I am sure an article the VS Board will be reading, seeing that if it is true, IAG paid less than the original VS offer .... If true, may be grounds for the appeal they have lodged ?
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