Oh Noooooooooo!! Lufthansa confirms takeover of BMI

[Kyo]

Time to cash the chips in, I'd say... 'twas a good run while it lasted

Silver lining time again - earn/burn is still quite decent, and biz class is still the same

[jjpb3]

Dang, and I had just moved some Amex reward points over to DC. Not unexpected, I guess, given how BD was hyperinflating its mileage program.

It's time to burn miles ...

[HUGE AL]

Dang, and I had just moved some Amex reward points over to DC. Not unexpected, I guess, given how BD was hyperinflating its mileage program.

It's time to burn miles ...

Dude, be glad you can. With the SPG AMEX, it's not an option.

[taipeiflyer]

i wonder if this now means you can once again book LH F with cash and miles. if so, there may be a silver lining.

[Kyo]

More signs of the times:
News: Diamond Club system upgrade

The Diamond Club system will be upgraded during April 2009.


We’re upgrading our Diamond Club system at the beginning of April, which will enable us to provide you with an improved level of customer service. There will also be some exciting new developments to the Diamond Club programme over the next few months and we’ll update you with further details as soon as we can.
Diamond Club system shutdown
As we’re updating the Diamond Club system it will mean that the Diamond Club logged in area is likely to be unavailable for a few days during the switchover. We’ll inform you of the exact system shutdown dates soon.


===

One can only imagine what these 'exciting new developments' mean...

The shadow of LH creepeth slowly over...

taipeiflyer: One can only hope, but I don't think it's likely!

[Singapore_Air]

Hmm - I suppose we have at least until 01 May 2009 to ticket flights. But I join others in saying........

[Savage25]

One can only imagine what these 'exciting new developments' mean...

Bye bye creative routings.

[up and away]

So Savage25, does this mean your effect will now take hold off M&M? I'm afraid, very afraid

[Kiwi]

i wonder if this now means you can once again book LH F with cash and miles. if so, there may be a silver lining.

The bmi lurker on FT confirmed there is no change to M+C on LH redemptions.

The silver lining is ... DC is still better than pretty much everything else even after this change.

The glass is half full.

[LukeGT]

[Rumour]

http://www.wallstreetitalia.com/arti...?art_id=729826

(in italian)

Lufthansa likely to renounce to BMI's takeover, too expensive.


Savage25, did you cancel your subscription to DC, perhaps?

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[Kiwi]

I'm not reading too much into it. It is the usual corporate manouevring.

[SQflyergirl]

isn't LH obliged ? If i recall correctly, it was not LH that held a call option, but SMB, who had a put option.

[Kiwi]

yup - they're bickering over whether SMB has kept to his side of the deal (ie not run bmi to the ground)

[demue]

I just hope that does not mean that BMI will take a turn for the worse financial health wise. Right now I attribute it to manouvering to lower the price of the option exercise by SMB. However, BMI on its own long-term? I don't know. Maybe it is time to think of some nice trips/ routings to burn those miles. So far I always thought the worst that could happen would be that they get transfered 1:1 to LH M&M. Hmm ... also wondering if I should restart to put miles into BD after just finishing my SEN requal till 2013 with LH as I would get 225% till mid-August or keep pouring them into LH M&M at a lower value but safe for sure.

Decisions, decisions

[SQflyergirl]

Worst thought: If LH backs out successfully, and BD goes bust .... what happens to all our 236 stock specials? :o