Deals
BMI Sells Six Slots at London Heathrow to British Airways
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BMI will sell six daily slots for takeoff and landing at London’s Heathrow airport to British Airways as Deutsche Lufthansa AG seeks to restructure the unit.
Lufthansa Chief Executive Officer Christoph Franz said this week he was considering selling unneeded BMI slots at Heathrow as the airline explores strategic options for the unprofitable U.K. division, including a sale. Lufthansa and BA declined to comment today on the transaction price.