Originally posted by KeithMEL
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Oh Noooooooooo!! Lufthansa confirms takeover of BMI
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Virgin Atlantic pursues tie-up with bmi
http://www.guardian.co.uk/business/feedarticle/7950159
Virgin Atlantic pounced on the chance to forge a tie-up with British airline bmi on Wednesday immediately after Germany's Lufthansa announced it was poised to become bmi's majority shareholder.
Virgin Atlantic Chief Executive Steve Ridgway told Reuters bmi would make a good fit with Virgin Atlantic and provide a stronger competitor to Heathrow kingpin British Airways.
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Bringing Virgin and bmi together would be good both for Lufthansa and its Star Alliance airlines grouping, he said, adding Bishop's "smart" deal left UK aviation at a crossroads.
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Ridgway declined to say whether Virgin Atlantic, which has long coveted a deal with independent-minded bmi, would seek to buy out Lufthansa or seek a three-way deal between them now that Lufthansa holds the cards.All opinions shared are my own, and are not necessarily those of my employer or any other organisation of which I'm affiliated to.
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Just a heads up for those who are based in the UK, you can get 9000 miles for 12 pounds by subscribing to the economist. Pretty good bargain if you are short of some miles for redemptions
Open the link: https://www.economistsubscriptions.com/BMI/index.php
You will see some standard offer like 93 pounds for 9000 miles etc.
Close the link and a pop-up will appear with a better offer of 12 pounds for 9000 miles.
Remember to disable pop-ups for this to work.
You need a UK bank account to pay for it as they do not accept credit cards
Too bad for me
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post deleted
Originally posted by zander View PostJust a heads up for those who are based in the UK, you can get 9000 miles for 12 pounds by subscribing to the economist. Pretty good bargain if you are short of some miles for redemptions
Open the link: https://www.economistsubscriptions.com/BMI/index.php
You will see some standard offer like 93 pounds for 9000 miles etc.
Close the link and a pop-up will appear with a better offer of 12 pounds for 9000 miles.
Remember to disable pop-ups for this to work.
You need a UK bank account to pay for it as they do not accept credit cards
Too bad for meLast edited by SQtraveller; 20 August 2017, 03:56 AM.
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Likely LH's influence. The bonus miles are costing far too much. Some of those impacted may end up being offered HON status...
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Lufthansa said to have no current plans to raise BMI stake
http://www.iht.com/articles/reuters/...-LUFTHANSA.php
Deutsche Lufthansa has made no concrete decisions about buying the remaining 20 percent stake in its British airline unit BMI, Lufthansa's Chief Executive Wolfgang Mayrhuber told a German newspaper.
Before any further decisions are made, BMI must first be turned into a profit-making airline, Mayrhuber said in an interview with Boerzen-Zeitung printed on Saturday.
The German flag carrier owns an 80 percent stake in the British airline, while Scandinavian airline SAS owns the remaining 20 percent.
"Afterwards, we can look at long-term strategic options, which are offered us through BMI's strong positioning London's Heathrow airport," Mayrhuber said.
The CEO said his airline would look carefully at different options.
"Does a stand-alone position make sense; how would things be with a partner? At the moment we don't have a preference," he said.
The head of what is soon to become Europe's largest airline -- should its takeover of Austrian Airlines be approved by the European Union -- would not comment about a possible strategic partnership with Alitalia or whether
Lufthansa might buy stake a SAS, the paper said.
Lufthansa is vying with Air France-KLM to strike an alliance with bankrupt Alitalia.
The German carrier is currently feeling the affects of the financial crisis, like its competitors, but does not have financing problems nor are there any concerns about its long-term strategy, Mayrhuber said.
"Lufthansa has very good creditworthiness. Whoever can't give us at the moment, just can't give anyone anything at the moment," Mayrhuber said.
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So I wake up this morning earlier than usual... and boom:
Changes to buying miles
The maximum number of miles you can buy or be gifted is changing to 24,000 per year.
From 1 March, you can buy or be gifted a combined total of 24,000 destinations miles within a calendar year. Destinations miles can be purchased in denominations of 1,000 and start from £12.
Example One: If you bought 10,000 miles in January, you may buy up to 14,000 miles before the end of the year.
Example Two: As a recipient of the miles, you may be bought up to 24,000 miles by any number of Diamond Club members.
To buy or gift miles, simply log into your account and go to the Diamond Club Members Area.
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You're not losing much. Its effective from 1 march....which leaves you plenty of time to still buy/gift up to 100K miles into your account while the £ is weak. As for next year, I doubt DC will be around then, so its no big loss.
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Originally posted by Savage25 View PostYou're not losing much. Its effective from 1 march....which leaves you plenty of time to still buy/gift up to 100K miles into your account while the £ is weak.
Also, they amended it awhile back to max 80K
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