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Party like it's 1999

29 October 2008 By Fiona Maharg-Bravo

This might look like a bad deal for the German airline, since it has bought a 50% stake in the UK airline as part of a put option agreed in the heady year of 1999. Valuations have since plummeted. But BMI s valuable Heathrow slots mean Lufthansa is unlikely to lose money.

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