Virgin Atlantic still looking at bmi purchase

Virgin Atlantic has made an indicative offer and signed a “terms of agreement” contract with bmi’s owner Lufthansa in order to look at the airline’s books, reports UK newspaper The Times. Although the offer made is reported as being lower than that offered by International Airlines Group (IAG), Virgin claims it will be able to complete a deal more quickly due to the lack of regulatory scrutiny a merger with IAG would require. The Times reports the Virgin offer is around £50 million, while IAG’s is double that.