High oil depresses value of airlines – No news there – but a bit of a pain if you are trying to sell one – or give one away….

As Lufthansa continues to struggle in its efforts to offload BMIbaby, the market is starting to discount the financial gain that will be brought from the sale of BMI. In fact some see the whole process as being such a potential burden in this market that BMIbaby could simply see operations folded. Intro Aviation has ended talks to purchase BMIbaby after Lufthansa rejected a non-binding offer and charter airline ACL has also walked away. Intro Aviation will most likely resume talks again once IAG runs the show. However, under the terms of the IAG deal agreed in December, which is