Lord Glendonbrook, formerly Sir Michael Bishop, took up his seat in the House of Lords as a Conservative peer in March 2011.
Ex-chairman of Channel 4, Lord Glendonbrook sold his majority share of Castle Donnington-based Bmi – of which he was chairman – to Lufthansa in the autumn of 2008.
Lord Glendonbrook, aged 70, owned 50 per cent and one share of the airline. He sold to Lufthansa for an estimated £223 million, turning the German airline into the second biggest carrier at Heathrow behind British Airways.
It already owned 30 per cent of Bmi. In 2011 Bmi was acquired from Lufthansa by British Airways parent International Airlines Group, while Bmi Regional was hived off to a group of Scottish investors.
Lord Glendonbrook, has spent his working life in civil aviation. Born in Bowden, Cheshire, he joined Mercury Airlines in 1963, which was taken over by British Midland in 1964. He became managing director in 1972 and led a management buyout in 1978.
He was chairman of Channel 4 Television between 1993 and 1997 and has also been a generous sponsor and ultimately chairman of the board of trustees of D’Oyly Carte Opera.
He is openly gay and campaigns for gay rights in business.
He runs the Michael Bishop Foundation, which among other charitable works, supports the expansion of the Australian Flying Doctors service. He is a trustee of the UK Friends of the Royal Flying Doctor Service.
Through the foundation, he donated £1 million to Loughborough University to help local entrepreneurs – one of their biggest ever donations - and donated £300,000 to the bursary fund of his old school – Mill Hill.
He was awarded the CBE in 1986 and was knighted in 1991.