Sunday, 15 April 2012

Virgin Atlantic to dig heels in over BMI sale to BA

Virgin Atlantic have announced that they are to appeal the European Commission's decision to allow the sale of BMI to IAG.

The deal between BMI and IAG was due to take effect from 20th April but Virgin have claimed that the European Commission "seemingly ignored all of the strong cases"

Commenting further on the ruling, Sir Richard Branson said: "This deal was agreed with lightning speed and we think the number of slots offered is derisory - representing less than a quarter of BMI's former network. 

We will challenge every aspect of this process which if allowed to stand, will undoubtedly damage the British airline industry for years to come. The European Commission has seemingly ignored all of the strong cases made by politicians, business groups and airlines, to enable one big company to become even more bloated."

I can see this dragging on until 2013.