FlyerTalk Forums - View Single Post - VS confirms hat is in ring to buy BD

Dec 11, 2011 | 10:49 pm

#60

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Quote:

Originally Posted by kiwiandrew

interesting

http://www.reuters.com/article/2011/...7BB01Z20111212

The newspaper cited banking sources as saying the indicative offer from Virgin was lower than a recent offer made by International Airlines Group
However, Virgin is banking on being able to complete a deal quickly without the regulatory scrutiny that would accompany a merger with IAG, originally formed by the merger of BA and Iberia.

The Times said, without citing a source, that Virgin's bankers are arguing that Lufthansa would be better off doing a quick but lower-priced deal with the airline

Nice.

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