BMI has signed a term sheet to sell its regional offshoot BMI Baby to a mystery UK company.
BMI said the firms had “mutually agreed” to keep the potential buyer and value of the sale under wraps.
The deal has come as a surprise to rival airlines, including German outfit INTRO Aviation, which said it was close to a deal for BMI Baby last month but did not return requests for comment yesterday.
BMI said in a statement that the new potential owner would continue to use the brand name for an interim period and run flights during the summer as planned.
BMI, which is owned by Lufthansa but is being sold to British Airlines parent IAG, is looking to sell its BMI Baby and BMI Regional units as part of its takeover.
A deal would effectively save the BMI Baby brand, as IAG had indicated that it would close the unit if Lufthansa could not find a buyer.
