Deccan Chronicle

MANY STRANDED AS UK’S AIRLINE FLYBMI COLLAPSES

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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.

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