Confirmed: Sir Michael Bishop sells bmi to Lufthansa !!!
Oct 29, 2008, 4:18 am
#31
FlyerTalk Evangelist
Join Date: Feb 2004
Location: London
Programs: BA, VS, HH, IHG, MB, MR
Posts: 26,869
F to the US - 140,000 miles (BMI - 50,000 c+m)
J to Thailand - 120,000 miles (BMI - 60,000 c+m)
F to Thailand - 180,000 miles (BMI - 80,000 c+m)
J to Dubai - 60,000 miles (BMI - 30,000 c+m)
F to Dubai - 100,000 miles (BMI - 40,000 c+m)
Only positive for Gold card holders is that you can bring a companion for a 50% discount
However, if you have a large balance then you should be OK booking tickets in 2009 at the DC rates and then permanently moving the dates for a couple of years until you actually want to travel!
Swiss Travel Club was integrated after a year, with 1:1 conversion of miles to M&M
Last edited by Raffles; Oct 29, 2008 at 4:23 am
Oct 29, 2008, 4:20 am
#32
Join Date: Mar 2002
Location: DUB - Ireland
Programs: EI-GCE, BD-G, BA-G, A3*G, TK*G, FB-G, HH-G, Hyatt-Dia
Posts: 8,527
Ok, folks. As this story begins to unfold, there's going to be:
Let's try to keep this thread about the first two and not the third & fourth - otherwise this will descend in to a royal mess. We have a speculation thread already and there's no shortage of what to do with threads @:-)
GoldCircle
bmi forum moderator
- Lots of information
- Lots of mis-information
- Lots of speculation
- Lots of what do I do with X miles
Let's try to keep this thread about the first two and not the third & fourth - otherwise this will descend in to a royal mess. We have a speculation thread already and there's no shortage of what to do with threads @:-)
GoldCircle
bmi forum moderator
Oct 29, 2008, 4:22 am
#33
Join Date: Oct 2004
Location: BHD/DUB
Programs: BA Gold, TK*G, EI Elite
Posts: 7,622
Oct 29, 2008, 4:30 am
#35
Join Date: Mar 2002
Location: DUB - Ireland
Programs: EI-GCE, BD-G, BA-G, A3*G, TK*G, FB-G, HH-G, Hyatt-Dia
Posts: 8,527
Oct 29, 2008, 4:37 am
#37
Join Date: Mar 2002
Location: DUB - Ireland
Programs: EI-GCE, BD-G, BA-G, A3*G, TK*G, FB-G, HH-G, Hyatt-Dia
Posts: 8,527
Oct 29, 2008, 4:38 am
#38
FlyerTalk Evangelist
Join Date: Feb 2004
Location: London
Programs: BA, VS, HH, IHG, MB, MR
Posts: 26,869
Oct 29, 2008, 4:41 am
#39
Join Date: Jun 2002
Location: London, UK
Programs: BA Gold(OWE), QF LTG, MR Plat, IHG Spire, Hertz PC
Posts: 8,156
J to the US - 90,000 miles (BMI - 37,500 c+m)
F to the US - 140,000 miles (BMI - 50,000 c+m)
J to Thailand - 120,000 miles (BMI - 60,000 c+m)
F to Thailand - 180,000 miles (BMI - 80,000 c+m)
J to Dubai - 60,000 miles (BMI - 30,000 c+m)
F to Dubai - 100,000 miles (BMI - 40,000 c+m)
Only positive for Gold card holders is that you can bring a companion for a 50% discount
However, if you have a large balance then you should be OK booking tickets in 2009 at the DC rates and then permanently moving the dates for a couple of years until you actually want to travel!
Swiss Travel Club was integrated after a year, with 1:1 conversion of miles to M&M
F to the US - 140,000 miles (BMI - 50,000 c+m)
J to Thailand - 120,000 miles (BMI - 60,000 c+m)
F to Thailand - 180,000 miles (BMI - 80,000 c+m)
J to Dubai - 60,000 miles (BMI - 30,000 c+m)
F to Dubai - 100,000 miles (BMI - 40,000 c+m)
Only positive for Gold card holders is that you can bring a companion for a 50% discount
However, if you have a large balance then you should be OK booking tickets in 2009 at the DC rates and then permanently moving the dates for a couple of years until you actually want to travel!
Swiss Travel Club was integrated after a year, with 1:1 conversion of miles to M&M
Oct 29, 2008, 4:45 am
#40
Join Date: May 2006
Location: 5 miles from EMA
Programs: BD, BAEC Pleb, VS Pleb, Accor Pleb, HHonors Gold, Big White Season Pass
Posts: 5,901
Originally Posted by FT article
The future of BMI’s small regional subsidiary is also being watched by Flybe, which has emerged as the leading UK regional airline following its takeover last year of BA Connect, the former UK regional operation of British Airways, and is regarded as a potential buyer of BMI Regional.
Oct 29, 2008, 4:50 am
#42
Join Date: Mar 2006
Location: UME 🇸🇪 / NWI🇬🇧
Programs: SJ, SAS, DL
Posts: 1,696
From the depths of the report issued by LH this morning:
Source: http://www.lufthansa-financials.de/s...3/ZB3_08_e.pdf
On 10 October Sir Michael Bishop on behalf of the
BBW Partnership Ltd. exercised an option which requires
Lufthansa to purchase 50 per cent plus one share in
British Midland PLC (bmi). This represents the entire
shareholding in bmi currently owned by the BBW Partnership
Ltd. The option is part of the existing shareholders
agreement of bmi dated 9 November 1999. The completion
of the exercise is expected to take place not before
12 January 2009. It is subject to anti-thrust approval
and regulatory requirements. Discussions regarding
the future structure and options are ongoing between
Lufthansa, Sir Michael Bishop and bmi.
Otherwise no events have occured that have a
material effect on the Group’s earnings, financial and
assets position.
BBW Partnership Ltd. exercised an option which requires
Lufthansa to purchase 50 per cent plus one share in
British Midland PLC (bmi). This represents the entire
shareholding in bmi currently owned by the BBW Partnership
Ltd. The option is part of the existing shareholders
agreement of bmi dated 9 November 1999. The completion
of the exercise is expected to take place not before
12 January 2009. It is subject to anti-thrust approval
and regulatory requirements. Discussions regarding
the future structure and options are ongoing between
Lufthansa, Sir Michael Bishop and bmi.
Otherwise no events have occured that have a
material effect on the Group’s earnings, financial and
assets position.
Oct 29, 2008, 4:55 am
#43
Join Date: Sep 2003
Location: OSL
Posts: 2,637
At least now we know why the new *A lounge is so abysmal - clearly LH has this in the making and decided to make an interim lounge. Me thinks the new terminal will be completely LH (bmi) dominated which numerous new flights coming from there and the reduction of many smaller routes.
Oct 29, 2008, 4:55 am
#44
FlyerTalk Evangelist
Join Date: Feb 2004
Location: London
Programs: BA, VS, HH, IHG, MB, MR
Posts: 26,869
They are 'like for like' if you only have a finite number of miles to spend. Today, if you have 160k in your account, you can get 2 F tickets to Thailand - yes, you need to pony up the 'cash' part but its still insignificant in terms of the usual cost of the tickets. That same person hoping for 2 F tix to BKK is totally stuffed under the M&M reward chart, however you cut it.
Oct 29, 2008, 4:59 am
#45
Join Date: May 2007
Location: UK
Posts: 1,896
J to the US - 90,000 miles (BMI - 37,500 c+m)
F to the US - 140,000 miles (BMI - 50,000 c+m)
J to Thailand - 120,000 miles (BMI - 60,000 c+m)
F to Thailand - 180,000 miles (BMI - 80,000 c+m)
J to Dubai - 60,000 miles (BMI - 30,000 c+m)
F to Dubai - 100,000 miles (BMI - 40,000 c+m)
Only positive for Gold card holders is that you can bring a companion for a 50% discount
However, if you have a large balance then you should be OK booking tickets in 2009 at the DC rates and then permanently moving the dates for a couple of years until you actually want to travel!
Swiss Travel Club was integrated after a year, with 1:1 conversion of miles to M&M
F to the US - 140,000 miles (BMI - 50,000 c+m)
J to Thailand - 120,000 miles (BMI - 60,000 c+m)
F to Thailand - 180,000 miles (BMI - 80,000 c+m)
J to Dubai - 60,000 miles (BMI - 30,000 c+m)
F to Dubai - 100,000 miles (BMI - 40,000 c+m)
Only positive for Gold card holders is that you can bring a companion for a 50% discount
However, if you have a large balance then you should be OK booking tickets in 2009 at the DC rates and then permanently moving the dates for a couple of years until you actually want to travel!
Swiss Travel Club was integrated after a year, with 1:1 conversion of miles to M&M
They are 'like for like' if you only have a finite number of miles to spend. Today, if you have 160k in your account, you can get 2 F tickets to Thailand - yes, you need to pony up the 'cash' part but its still insignificant in terms of the usual cost of the tickets. That same person hoping for 2 F tix to BKK is totally stuffed under the M&M reward chart, however you cut it.
