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IAG completes deal to buy bmi

British Airways’ parent company has completed the purchase of Bmi from Lufthansa today but it will be at a reduced price.

IAG, which also owns Iberia, said that it now planned to integrate Bmi’s mainline operation into BA – the company announced last week that it was looking to cut up to 1,200 jobs as part of this process.

It was also confirmed that the two subsidiaries Bmi Regional and Bmibaby were not sold before completion of the deal. This means that IAG will buy both but there will be a “significant price reduction” on the original £172.5 million to be paid to Lufthansa.

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