Jobs warning over BMI sell-off

BMI planes
BMI planes

The owner of British Airways has said it had reached a binding agreement to buy troubled airline BMI for £172.5 million in a move that will boost its stranglehold at Heathrow airport.

International Airlines Group (IAG), which also owns Spanish carrier Iberia, will acquire up to 56 additional taking off and landing slots at Britain's biggest airport once it acquires loss-making BMI from German operator Lufthansa.