BMI British Midland, the second biggest airline operating at London Heathrow, has warned employees it will suffer the largest loss in its history this year.
Nigel Turner, chief executive, has told staff the group had to restructure as it seeks “to ride out what is probably the worst crisis the aviation industry has faced”.
By: JetSet - 2nd December 2008 at 18:06
I bet BA are taking an interest in this, probably on the sniff for some slots for sale after it took so long for BMI to get them inthe first place.
By: OneLeft - 2nd December 2008 at 11:22
I think the more interesting part of this article was
He also warned staff they should expect little relief from the Lufthansa takeover, which is expected to be completed in mid-January.
“Be under no illusions, they will not be prepared to sit back and watch us lose money,” he said. “They will, and do, expect us to reshape the business to remove unprofitable flying to the greatest extent possible.”
BMI would freeze pay in 2010, he said, and the directors would have no pay increase in 2009.
Sounds like interesting times to come at bmi.
1L.
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November 28, 2008 at 11:04 pm