AIR links between Scotland and Heathrow provided by bmi will be lost unless a £172 million buyout is given the go-ahead, the head of British Airways's parent company has claimed.

Addressing business leaders in Glasgow, International Airlines Group (IAG) chief executive Willie Walsh said politicians had "not understood" the risks involved in allowing bmi to collapse. He said it was only still operating due to £60m provided by BA to see it through to the end of March.

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