Pursuits
Branson Seeks to Outflank BA With Rival Bid for Lufthansa’s BMI
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Richard Branson’s Virgin Atlantic Airways Ltd. is seeking to trump a bid from arch-rival British Airways for Deutsche Lufthansa AG’s BMI unit after persuading the German carrier to grant due diligence for a rival offer.
The books of Castle Donington, England-based BMI have been opened to both carriers and their proposals have an equal chance of success, Lufthansa spokeswoman Claudia Lange said today.