Another hint has been given by the chief executive of the German airline Lufthansa that the company will work out an option to buy bmi, the British carrier and the second-largest airline at London Heathrow airport, reports the Times. This could lead to a wonderful development for Lufthansa to increase its operation in Britain.
The news appears precisely a month after another executive at Lufthansa said that the carrier was determined to buy the British carrier.
According to the Times reports, Wolfgang Mayrhuber have said that the German carrier considers an option that permitted it to take over bmi, and that a price for the arrangement had been fixed when the deal was reached.
However, he would not say the company would positively work out its option.
He said, "London is a strong market and we have a strong position there. Heathrow is a desirable place to fly to and we will do what makes commercial sense for us there".
The option of Lufthansa deal dates back to 8 years when the German carrier bought a 30 per cent less one share stake in the British carrier (Scandinavian airline SAS own 20 per cent and Sir Michael Bishop-the founder of the carrier, holds 50 per cent plus one share).
The newspaper also reports that air travel industry sources said that the price the German carrier would have to pay to buy bmi was around £440 m under the original arrangement.
