MANY STRANDED AS UK’S AIRLINE FLYBMI COLLAPSES
London, Feb. 17: Hundreds of passengers throughout Europe were stranded by the abrupt collapse of the British regional airline Flybmi.
British Midland Regional Limited, which operates as Flybmi, said it’s filing for administration — a British version of bankruptcy — due to higher fuel costs and uncertainty caused by UK’s upcoming departure from the European Union.
“Current trading and future prospects were seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and a lack of confidence around bmi’s ability to continue flying between destinations in Europe,” the airline said on its website.