Personally, I would have a thought that a break up of the company would yield the most value. British Midland has always struck me as a business where the sum of the parts is greater than the whole.

> BMI Regional would nicely augment flyBE or Eastern
> BMI Mainline would allow a Full Service Carrier to have a crack at BA on its own turf
> BMI Baby would fit in well with Jet2, easyJet, Ryanair or practically any other Low Cost Carrier

Time’ll tell, as I can remember 15 years ago it being suggested that Sir Michael Bishop was building up the business to sell it and 15 years later here’s still here.

Regards

John