Lufthansa’s Attracts Second Bidder for Discount Division of BMI

Deutsche Lufthansa AG’s British subsidiary BMI said a second, European, bidder is in the running to buy its Bmibaby discount division, a month after disclosing that an unidentified U.K.-based company had made an offer.

A term sheet has been signed with a European Union-based airline group with operations across several countries, Castle Donington, England-based BMI said in a statement today. A definitive agreement with one of the two bidders should be sealed in the next few weeks, it said.