BMed ‘to receive rescue funding’
British Airways franchise carrier BMed is to change ownership in a £30 million rescue package, according to reports.
The airline, which serves points in the Middle East and has been losing money for two years, is due to change hands with a wealthy Lebanese family injecting new capital, according to the Daily Telegraph.
The Mikati family have reportedly agreed to a £3 million bridging loan prior to a cash injection of around £27 million later this month.
The carrier serves 16 destinations from Heathrow but is reported to be on course to lose £20 million in the year to March, following £10 million losses the previous year.
BMed is to remain a UK company under the financial restructuring.
Report by Phil Davies
Phil Davies
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.

































France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt