...as BMI Baby gets second bid

A SECOND mystery bidder has signed a term sheet to buy regional unit BMI Baby, which is being sold off as part of IAG’s purchase of BMI from Lufthansa.

An unnamed EU-based airline group has tabled an offer to buy 100 per cent of the business.

The term sheet is non-exclusive, and allows an anonymous UK-based company that made an approach January to continue talks.

BMI “plans to sign a definitive sale purchase agreement with one of the parties in the next few weeks”, it said in a statement.