A new airline is always interesting. When it is backed up and owned by IAG, International Airlines Group which also owns Aer Lingus, British Airways, Iberia and Vueling, this is even more interesting. IAG announced last year they would be starting a Long Haul Low Cost Carrier. This week, the name was revealed. It will be called “LEVEL” and will start flying in June this year. LEVEL (I am not sure about the name personally) will join other low-cost carriers like AirAsiaX, Jetstar, Norwegian and Scoot by offering long haul flights. Most Low-Cost Carriers are…
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Bye bye BMI
I have always been a huge fan of British Midland. Yet, sadly, they are yet another example of “A great airline but a lousy business”. British Midland Airways were born the year I was: 1964. They operated out of Manchester. In 2001 they became BMIBritish Midland and then just BMI in 2003. Ownership of the airline has always been vexed. SAS, BMI Chairman Michael Bishop and Lufthansa have all had involvements. Lufthansa has been full owner since November, 2009 and has lost a chunk of money on BMI (eg 285m euros of losses and disposal fees in 2011). In…
Who gets BMI?
I have always liked British Midland (BMI) and its various incarnations. Owned by Lufthansa since 2009, the loss making BMI is now up for sale. I really hoped Virgin Atlantic would be the buyer of BMI or a Virgin/ Etihad combo would hop in with an offer. Vigin have had an interest in BMI off and on since 1999. The Virgin and BMI route networks would mesh well. Etihad are clearly looking for expansion by takeover. The major issue is that BMI is losing a lot of money. Virgin and its 49% owner Singapore, would not be keen to…
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