A deal has reportedly been struck between Lufthansa and an unidentified company based in the UK for bmibaby, the budget offshoot of BMI. The Castle Donington based airline has not revealed any financial details, but has said that the transaction could be finalised before the end of the quarter. However, the deal is not exclusive which means that other parties could still become involved in the auction.
BMI said that the sale of bmibaby would involve 100 per cent of the airline. The carrier added that the buyer has said that it intends to keep staff on at Belfast City, Birmingham and East Midlands airports and wants to develop the company to provide low cost fares across Europe.
BMI said that bmibaby would continue operating under the banner for the time being and that it was pleasing that the business will continue as an independent carrier. Bmibaby currently operates two Boeing 737-500s and 12 Boeing 737-300s. Figures published by Credit Suisse show that the airline made a 120 million euro loss last year.
Last month, Germany’s Intro Aviation said that it might be interested in making an offer for bmibaby. Although it is not the company currently involved in the deal with Lufthansa and BMI, a spokeswoman for the firm said that she could not comment on whether it was still interested or not.
Last December, Lufthansa agreed to sell BMI to British Airways owner International Airlines Group in a deal worth £172.5 million.

