BMI sold by Lufthansa to British Airways owner IAG

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Source: BBC News

BMI sold by Lufthansa to British Airways owner IAG

Lufthansa has said it is selling British Midland (BMI) to International Consolidated Airlines Group (IAG), which owns British Airways and Iberia.

No details have yet been given of how much will be paid for the loss-making carrier.

The airlines said they hoped to sign a purchase agreement "in the coming weeks" and complete the deal before April 2012.

The sale still has to be cleared by regulators.

BMI, which is based in Castle Donington in Leicestershire, operates flights to Europe, the Middle East and Africa.

The key issue for regulators will be the extra take-off and landing slots at Heathrow Airport that BMI owns.