Flybmi's collapse over Brexit strands passengers across Europe
The collapse of British regional flybmi over higher fuel prices and Brexit uncertainty has forced stranded passengers across Europe to fend for themselves, without the prospect of help from the UK govt. The airline filed for administration late Saturday, in effect grounding all 17 regional aircraft and shutting operations in 25 European cities. “It has become impossible for the airline’s shareholders to continue their extensive program of funding into the business, despite investment totalling over US$52m in the last 6 years,” according to the carrier. “The challenges, particularly those created by Brexit, have proven to be insurmountable.” BMI also blamed rising prices for EU carbon allowances, which have more than doubled since the beginning of last year. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-02-18/unaligned/flybmis-collapse-over-brexit-strands-passengers-across-europe
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Flybmi's collapse over Brexit strands passengers across Europe
The collapse of British regional flybmi over higher fuel prices and Brexit uncertainty has forced stranded passengers across Europe to fend for themselves, without the prospect of help from the UK govt. The airline filed for administration late Saturday, in effect grounding all 17 regional aircraft and shutting operations in 25 European cities. “It has become impossible for the airline’s shareholders to continue their extensive program of funding into the business, despite investment totalling over US$52m in the last 6 years,” according to the carrier. “The challenges, particularly those created by Brexit, have proven to be insurmountable.” BMI also blamed rising prices for EU carbon allowances, which have more than doubled since the beginning of last year. <br/>
