Lets have a good news story to end the day on.
International Airlines Group has completed the sale of BMI Regional to Sector Aviation Holdings. This move should go some way to saving the 330 jobs that are at BMI regional.
The completed sale price of £8 million has been approved by the CAA, and thus Sector Aviation Holdings are in business.
BMI Regional operate a fleet of 4 Embraer ERJ-135 and 14 ERJ-145 regional jets with 330 jobs, and operate to 14 destinations in the United Kingdom and Northern Europe.
Sadly, IAG has very little interest in the regional market in the United Kingdom, leaving it to FlyBe and the Low Cost Carriers to fight over.
BMI Regional will retain its name as part of the sale – and thus the BMI name will live on. What Sector Aviation will do BMI Regional has yet to be decided.
Oh, and the sound in Cologne you’re hearing is Lufthansa executives wondering how the hell they’ve let this get away as it would had increased the value of the sale of BMI to IAG…