Dr. Ashley Steel, KPMG’s global head of transport comments on IAG’s agreement to buy Lufthansa-owned Bmi:
“IAG’s agreement in principle to buy Lufthansa-owned Bmi is excellent news for UK business and the economy.”
“Heathrow is lagging its competitors Frankfurt, where a fourth runway has just opened, and Paris, on availability of slots for routes to growing Asian and Latin American cities.”
“Converting Bmi’s short haul European slots to much needed Asian and Latin American routes will be a boost to business travellers and to British Airways which has been slot constrained at Heathrow given Government’s restrictions on runway growth.”
For further information please contact:
Katrin Boettger, Senior PR Manager
Tel: +44 207 896 4232
Email: Katrin.boettger@kpmg.co.uk
About KPMG:
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with nearly 11,000 partners and staff. The UK firm recorded a turnover of £1.6 billion in the year ended September 2010. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 150 countries and have more than 138,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.
