BMI was owned by Lufthansa, who announced an agreement in December 2011 to sell the airline to the owner of British Airways, International Airlines Group. The deal does not include Bmibaby and BMI Regional.. BMI Regional was sold to Sector Aviation Holdings for £8 million in May 2012. In April 2012 it was announced that bmi (excluding bmibaby) was to be fully merged into British Airways by the end of October 2012.