German airline Lufthansa to take control of British BMI

FRANKFURT: The leading German airline, Lufthansa, said on Wednesday that it would take a stake of 80 percent in British carrier BMI.

The increase from Lufthansa's previous 30-percent stake in BMI, formerly known as British Midland, is the result of an option held by investor Michael Bishop to sell his stake of 50 percent plus one share to the German carrier.