01Jun12 : bmi Regional sold to Sector Aviation Holdings; ends Diamond Club 30Sep12
BMI Regional sale talks advance
Apr 28, 2012, 11:41 am
#19
Join Date: Sep 2010
Location: UK oop north
Programs: BMI Diamond Club RIP,BAEC Silver
Posts: 1,692
BMI Name may fly on!
Reported in Travel Weekly
"An Aberdeen-based consortium is reported to be closing in on a deal to buy the regional division of BMI.
Granite Aviation is in advanced talks with BMI’s new owner International Airlines Group over the sale of the division for about £20 million, the BBC is reporting.
Aberdeen-based BMI Regional employs more than 300 people and operates 19 aircraft between smaller city airports.
An announcement on a possible deal is expected in the next two weeks.
If the regional deal goes ahead, Granite Aviation could take on the BMI brand when British Airways parent IAG stops using it on BMI's mainstream services.
IAG has no plans to keep operating the regional division and low-fare Bmibaby."
"An Aberdeen-based consortium is reported to be closing in on a deal to buy the regional division of BMI.
Granite Aviation is in advanced talks with BMI’s new owner International Airlines Group over the sale of the division for about £20 million, the BBC is reporting.
Aberdeen-based BMI Regional employs more than 300 people and operates 19 aircraft between smaller city airports.
An announcement on a possible deal is expected in the next two weeks.
If the regional deal goes ahead, Granite Aviation could take on the BMI brand when British Airways parent IAG stops using it on BMI's mainstream services.
IAG has no plans to keep operating the regional division and low-fare Bmibaby."
Apr 28, 2012, 3:45 pm
#20
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Programs: Mucci. Nothing else matters.
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ISTR, though, that the people involved had previously said that they would re-brand to something with a Scottish flavour.
Apr 28, 2012, 4:11 pm
#21
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Join Date: Aug 2006
Location: Argentina
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Previous airlines with a Scottish flavour have not exactly set the heather on fire.
This one if it gets off the ground won't be any better.
Apr 29, 2012, 10:37 am
#22
Join Date: Jan 2009
Location: Glasgow
Programs: BA Gold
Posts: 113
Good luck to them. The CPH, BRU and ZRH flights are always useful, and may even see some links with *A continuing as feeders to each of those hubs, which would fit the BMIR market. Would still be nice to see a GLA-FRA/MUC connection as well.
May 5, 2012, 9:44 am
#23
Join Date: Jan 2012
Programs: HH Diamond
Posts: 695
Rumour: FlyBE to market BMI regional (Granite) flights
there are rumours that the Granite purchase of bmi regional involves plans around bmi regional flights to be marketed via FlyBE (similar to the loganair arrangements) - i.e. if so also in FlyBE livery.
May 5, 2012, 9:53 am
#24
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May 7, 2012, 6:33 am
#25
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May 10, 2012, 3:18 am
#26
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May 10, 2012, 3:54 am
#29
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Can't say this reassures me that much about the long term viability of the BMI name, but I guess it will save them money on repainting the planes
May 10, 2012, 3:57 am
#30
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IAG Source:
http://www.iagshares.com/phoenix.zht...4268&highlight
http://www.iagshares.com/phoenix.zht...4268&highlight
BMI REGIONAL SALE
International Airlines Group (IAG) has signed a binding agreement to sell bmi Regional to Sector Aviation Holdings Ltd (SAH) for a total consideration of £8 million in cash. The sale includes all bmi Regional's fixed assets and long-term liabilities, including owned and operating lease aircraft.
bmi Regional operates a fleet of 18 Embraer regional jets on scheduled services throughout the UK and Northern Europe.
The sale is conditional upon CAA approval and it is anticipated that ownership will be transferred to SAH within two weeks.
IAG chief executive Willie Walsh said: "This deal provides a future for bmi Regional and should secure around 330 jobs".
Sector Aviation is a consortium of businessmen with considerable aviation experience including the team previously referred to as Granite Aviation, led by Ian Woodley. The business is being funded by Stephen and Peter Bond who are also investors in Loganair.
ends
May 10, 2012
International Airlines Group (IAG) has signed a binding agreement to sell bmi Regional to Sector Aviation Holdings Ltd (SAH) for a total consideration of £8 million in cash. The sale includes all bmi Regional's fixed assets and long-term liabilities, including owned and operating lease aircraft.
bmi Regional operates a fleet of 18 Embraer regional jets on scheduled services throughout the UK and Northern Europe.
The sale is conditional upon CAA approval and it is anticipated that ownership will be transferred to SAH within two weeks.
IAG chief executive Willie Walsh said: "This deal provides a future for bmi Regional and should secure around 330 jobs".
Sector Aviation is a consortium of businessmen with considerable aviation experience including the team previously referred to as Granite Aviation, led by Ian Woodley. The business is being funded by Stephen and Peter Bond who are also investors in Loganair.
ends
May 10, 2012