Flybmi goes into admin blaming Brexit

LONDON (Reuters) – British regional airline Flybmi has gone into administration and has cancelled all flights with immediate effect, the company said in a statement on Saturday, blaming Brexit uncertainty as one of the reasons for its collapse. A spokesperson for British Midland Regional Ltd. said the company had taken the decision due to increased fuel and carbon costs and to uncertainty arising from Britain’s plans to leave the European Union on March 29.