As German flag carrier Lufthansa looks at ways of disposing of BMI, Emirates confirms that it is not interested in acquiring the loss maker. A spokesman for the Middle Eastern giant said that although Emirates is looking to continue expanding, it is not currently looking to do so by purchasing another carrier. Etihad, also rumoured to be interested in the British airline, has said it will not comment on speculation.
Earlier in the week, British Airways said it would be interested in talking to Lufthansa about taking over BMI’s landing and take-off slots at Heathrow. However, because BA currently owns 44 per cent of the capacity at the London hub, there could be some monopoly issues.
Virgin Atlantic has also said it might be interested in a tie-up with BMI. A deal could help Virgin as it competes with British Airways on transatlantic routes. The British flag-carrier recently tightened up its relationship with American Airlines.
Although it is yet to comment, Air France is also reportedly interested in BMI. Lufthansa has been trying to turn the carrier’s fortunes around by concentrating on flying services on the oil routes. This includes flights out of Heathrow to Russia, The Middle East and Scotland. Unfortunately for BMI the social and political problems in the Middle East have impacted on its earnings.
For the first half of this year, BMI made losses of 120 million euros. The first six months of 2010 saw the carrier lose 93 million euros. Lufthansa has said that any improvement at the moment looked unlikely.