FlyerTalk Forums - View Single Post - The 'FUTURE OF BMI' thread, the LH takeover, & what it might mean for Diamond Club...
Old May 16, 2009 | 3:37 am
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ajamieson
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Originally Posted by Rambuster
The article in Sueddeutsche Zeitung also states that BMIs cash position could be below CAA 3-month requirements.
Not quite, it is stating that LH says this (which it has done before, see earlier posts) as you would expect from LH which is trying to reduce the cost of the deal to maximise shareholder value. LH is desperate to attack BD's nominal value and is hoping the CAA will provide it with ammunication. If the CAA actually does so, which is unlikely given its indifference to just about every other matter of importance to airlines and their passengers, it would be a travesty.
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