FlyerTalk Forums - View Single Post - The 'FUTURE OF BMI' thread, the LH takeover, & what it might mean for Diamond Club...

Dec 11, 2007, 2:41 am

#3

Air Sh......

Join Date: Jul 2007

Programs: DC gold, HHonours

Posts: 63

Quote:

Originally Posted by neilcorbett

I found an article on FT today that LH have got the banks involved in looking into acquiring the put option on SMB's 50% + 1 share stake in bmi

http://www.ft.com/cms/s/2/cdda4156-a...0779fd2ac.html

looks like its time to start using up those destinations miles...

Might be a little early as there are no indications the SMB wants to sell - and if he doesnt I dont think there is anything LH can do.
Cant help thinking that SMB has campaigned for LHR-US for nearly 20 years and so why sell before that happens?
If BD do go to the US in 2009 - it coincides with the second SMB put option then so that might be the time

Reply