International Airlines Group (IAG) and Deutsche Lufthansa AG have reached an agreement in principle for the sale of British Midland Ltd (BMI) to IAG. The sale and closing of the deal remain subject to conditions including a binding purchase agreement, further due diligence and regulatory clearances. It is envisaged that the purchase agreement will be signed in the coming weeks and the aim is for the transaction to be completed in the first quarter of 2012.
Biden FAA leader nominee withdraws after “an onslaught of unfounded Republican attacks”
American President Joe Biden’s nominee for the role of leader of the United States Federal Aviation Administration (FAA), Phillip Washington, has withdrawn his name owing to “an onslaught of unfounded Republican attacks which have focused on his service and experience, CNN reported. Though his announcement for the role was made last year, since then the