British Airways parent company IAG agreed
to acquire Lufthansa's BMI unit for ВЈ172.5 million ($270.5 million) beating Virgin
Atlantic Airways counterbid. IAG needs BMI division in UK to provide
mainline operations at Heathrow, the European most active airport. Lufthansa
has been thinking of sale after BMI wrecked $291 million in operating losses
after takeover in 2009.