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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ British Airline Flybmi Blames Brexit for Sudden Collapse

British Airline Flybmi Blames Brexit for Sudden Collapse




(newser)

Hundreds of passengers across Europe have been stranded by the British regional airline's brutal collapse. British Midland Regional Limited, which operates as Flybmi, said it was filed for administration – a UK version of bankruptcy – due to higher fuel costs and uncertainty caused by Britain's upcoming EU exit, the AP reports. "Current trade and future prospects have also been severely affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flight contracts in Europe and lack of confidence in the ability of BMI to continue to fly between destinations in Europe "the airline said.

The airline operated 1

7 jets on routes to 25 European cities. It employed 376 people in the UK, Germany, Sweden and Belgium and says it transported 522,000 passengers on 29,000 aircraft last year. The pilot's boss Brian Strutton said the airline's collapse came without warning and "is devastating news for all employees." Flybmi said all aircraft would be canceled and advised passengers to seek reimbursement from credit card issuers, travel agents or travel insurance companies. The collapse will have a major impact on Northern Ireland's city of Derry, which will lose its only air connection to London. Flybmi was still looking for customers until the day before the collapse and urged people in a tweet to book flights to Germany for a winter sports holiday.

(Read more aviation stories.)

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