The chairman of International Airlines Group, Antonio Vazquez, yesterday told Bloomberg News in an interview that the company is closing in on the purchase of Deutsche Lufthansas BMI unit.
The above comes after a counterbid for BMI was recently tabled by UK billionaire Richard Branson.
In the words of Vazquez, "I think we'll be able to grab it for sure (...) The negotiations are going well and I'm very optimistic we will be able to complete the deal."
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
AB
-
Review: The Store, Oxford – purveyors of excellenceMoneyWeek Travel The Store is a luxurious, new hotel in Oxford that has set up shop in a former department store in the heart of the city
-
Seven ways the Budget could hike inheritance tax or capital gains tax at deathChancellor Rachel Reeves could target death taxes by raising IHT and/or levying CGT on inheritances. We look at some potential moves in the Autumn Budget
