UK regional airline Flybmi goes into administration blaming Brexit
(Adds details from statement)
LONDON, Feb 16 (Reuters) - British regional airline Flybmi
has gone into administration and has cancelled all flights with
immediate effect, the company said in a statement on Saturday,
blaming Brexit uncertainty as one of the reasons for its
A spokesperson for British Midland Regional Ltd said the
company had taken the decision due to increased fuel and carbon
costs and to uncertainty arising from Britain's plans to leave
the European Union on March 29.
The airline, based in the English East Midlands, operates 17
planes flying to 25 European cities. It employs 376 people in
Britain, Germany, Sweden and Belgium.
"We sincerely regret that this course of action has become
the only option open to us, but the challenges, particularly
those created by Brexit, have proven to be insurmountable," the
Spikes in fuel and carbon costs had undermined efforts to
move the airline into profit.
It added: "Current trading and future prospects have also
been seriously affected by the uncertainty created by the Brexit
process, which has led to our inability to secure valuable
flying contracts in Europe and lack of confidence around bmi's
ability to continue flying between destinations in Europe."
The airline, which said it carried 522,000 passengers on
29,000 flights in 2018, advised customers with bookings to
contact their bank or payment card issuer to obtain refunds.
(Reporting by Gareth Jones and Stephen Addison; Editing by Hugh
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