BMI 'for sale' after announcing losses

One of the major users of Heathrow Airport is up for sale after losses soared over the past six months, it was reported today.

BMI British Midland, Heathrow’s second-largest airline, plunged £105m (€122.1m) into the red in the first half of 2011, prompting German parent Lufthansa to appoint investment bank Morgan Stanley to explore options for disposing of the carrier, according to The Sunday Times.