BMI Aircraft

British airline BMI, Heathrow second -largest airline, will be taken over by German airline Lufthansa.

Lufthansa already owns approximately 30% of BMI shares and now it will buy another 50% from Sir Michael Bishop, the airline’s owner. This deal will bring Lufthansa in close competition with Heathrow’s main airline, which is British Airways. Read More…

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Posted under Business, Deals, International

Spanair Aircraft

The Spanish Airline Spanair has lost 51.7 Million Euros since the crash of one of its aircrafts, a MD-82, on the 20th of August, on the Barajas airport in Madrid. The accident which caused the death of 154 persons, was supposedly due to a fuel loss, according to the official report of the Scandinavian group SAS, owner of the Spanish airline.

Immediately after the accident the reservation rates have rapidly decreased, but now, almost two months after the tragedy, Read More…

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Posted under Business, International