Lufthansa (Frankfurt) is having a difficult time selling off its bmibaby (bmibaby.com) (East Midlands) according to this report by Bloomberg. Two previous bidders are no longer in active negotiations to buy the low-fare subsidiary of bmi (East Midlands).
Lufthansa is under pressure to sell off bmibaby. The IAG had agreed to purchase parent bmi for $274 million from Lufthansa but negotiated a “significant” discount if Lufthansa failed to sell off bmibaby prior to the sale.
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Copyright Photo: Paul Denton.
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