Scandinavian Airlines SAS has held a 20% stake in the UK based British Midland PLC (“bmi“). According to the Core SAS strategy with focus on the Nordic home market this stake has been set out for divestment. LHBD Holding Ltd. (“LHBD”) holds 80% of the shares in bmi since July 1 2009. LHBD is a UK-based company, in which Deutsche Lufthansa AG (“Lufthansa“) holds a 35% stake.
On September 30 the SAS Group (“SAS”) has reached an agreement with Lufthansa and LHBD to sell SAS 20% stake in bmi to LHBD. Under the terms of the agreement LHBD will acquire the 20 % stake for approximately MGBP 19 million. Furthermore Deutsche Lufthansa AG will pay SAS another MGBP 19 million for the cancellation of its rights resulting from the shareholder agreement dated 1999. In total SAS will receive a cash consideration of MGBP 38 resulting in a capital gain of approx MSEK 420.
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Petra Vaškových Airlines, bmi, Europe, Lufthansa, Other, SAS
Etihad Airways continues to build upon its commitment to the Cypriot market following the signing of an M.O.U. (memorandum of understanding) agreement with Cyprus Airways which will pave the way for a codeshare between the two airlines.
Under the initial codeshare deal, which is expected to come into effect in September 2009, Cyprus Airways will place its ‘CY’ code on Etihad Airways flights between Larnaca and Abu Dhabi.
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Petra Vaškových Aer Arann, Airlines, Asia, bmi, Brussels Airlines, Etihad Airways, Europe, New Routes
bmi Regional, Britain’s most punctual airline, has introduced a more convenient schedule on flights from Scotland to Leeds Bradford for its Summer 2009 timetable. The airline will operate twice daily flights out of Glasgow and Edinburgh to Leeds Bradford at improved times to allow for a full working day to be spent in Leeds.
bmi Regional will also introduce a larger aircraft on flights from Glasgow to Leeds Bradford, increasing capacity by a third.
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Petra Vaškových Airlines, bmi, Europe, New Routes
Flybe, Europe’s largest and most successful regional airline, today operated the inaugural flight of its new Leeds Bradford to London Gatwick service following red-carpet celebrations that featured an appearance by popular former Emmerdale celeb, Mathew Bose who played the role of barman, Paul Lambert. Mathew also presented the first passenger who had booked, together with the first Interline passenger travelling, with souvenir magnums of Champagne.
Flybe came to Yorkshire’s rescue on the key route to the Capital following BMI’s decision back in March to axe its service from Leeds Bradford to London Heathrow. Flybe quickly committed to stepping in to operate its own business-friendly schedule that is so crucial to supporting the regional economies of Yorkshire and the Humber.
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Petra Vaškových Airlines, bmi, Flybe, New Routes
bmi, London Heathrow’s second largest airline, has added nine new destinations to its growing codeshare route network from London Heathrow after expanding its codeshare agreement with Virgin Atlantic. The new codeshare arrangements cover routes between the USA and bmi’s growing Middle East and Russia and CIS network.
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Barbora Nevosádová Airlines, bmi, Virgin Atlantic
Flybe, Europe’s largest regional airline, announced some great news for Yorkshire and the North with the launch of a new three times daily service from Leeds Bradford to London Gatwick (Schedule below). Following BMI’s decision in March to axe their service from Leeds Bradford to London Heathrow, Flybe is delighted and proud to introduce a business-friendly schedule that will hugely benefit the regional economies of Yorkshire and the Humber, as a result, creating up to 130 jobs for the region and adding 20 direct Flybe jobs at Gatwick.
Responding to widespread business and political disappointment at the removal of the direct air link to London, and the deterioration of rail services to the capital, Flybe – as it did for both Newcastle and Aberdeen in 2009 – has again come to the rescue. Flybe will begin operating the three times a day service from 29th June with fares starting at just £24.99 one way including taxes and charges to be operated on an environmentally efficient, state-of-the-art Bombardier Q400. Flights can be booked from today at flybe.com.
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Petra Vaškových Airlines, bmi, Flybe, New Routes
This week bmi launches a new five-times weekly service between London Heathrow and the Ukrainian capital, Kiev; in addition to a second daily flight to Tel Aviv. Kiev is a new route for bmi and offers travellers the opportunity to experience a destination with a difference.
Kiev is one of Europe’s lesser known and explored European cities. Just over three hours away from London, the city boasts stunning tree-lined boulevards, chic cafés and boutiques. The city is also home to key cultural attractions including the St Sophia Cathedral, a Byzantium landmark, the architecture and grandeur of which was celebrated in a recent exhibition at the Royal Academy of Arts in London. Founded in the 5th century as a trading post, little is documented about Kiev’s earliest history. Kiev is said to derive from the name of Kyi, one of four legendary founders of the city (brothers Kyi, Shchek, Khoryv and sister Lybid).
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Petra Vaškových Airlines, bmi, New Routes
