BMI Regional partly blames Brexit as it ceases operations
UK operator BMI Regional has become the latest casualty of the pressure on European airlines, with its decision to cease operations and file for administration.
The company is blaming the uncertainty regarding the UK’s withdrawal from the European Union for contributing to its demise.
All flights have been cancelled, effective 16 February.
The carrier is also citing the UK’s impending withdrawal from the European Union as an influencing factor.
“Current trading and future prospects have…been seriously affected by the uncertainty created by the ‘Brexit’ process,” it says.
It says this has resulted in an “inability to secure valuable flying contracts” in Europe as well as a “lack of confidence” in the airline’s ability to continue operating between European cities.
BMI Regional’s shareholders have been unable to continue their financial support for the carrier, the company says.
“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,” it states.