UK’s Flybmi airline closes due to ‘insurmountable’ Brexit concerns

British airline Flybmi says it has ceased operations with immediate effect due to insurmountable Brexit challenges.

The regional provider, which traded as British Midland Regional, said late Saturday that it had filed for administration and its fleet of 17 jets would no longer fly to 25 European cities.

It is with a heavy heart that we have made this unavoidable announcement today. The airline has faced several difficulties, including recent spikes in fuel and carbon costs, the latter arising from the EU’s recent decision to exclude UK airlines from full participation in the Emissions Trading Scheme, a spokesperson said.

Its future was affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and lack of confidence around bmi’s ability to continue flying between destinations in Europe, the spokesperson added.

We sincerely regret that this course of action has become the only option open to us, but the challenges, particularly those created by Brexit, have proven to be insurmountable. The airline had employed 376 staff in Britain, Germany, Sweden and Belgium.

Owned by Germany’s Lufthansa until 2012, Flybmi had operating bases in Munich and Brussels to complement those in Aberdeen, Bristol, Leicestershire and Newcastle.

The airline is the latest company to announce changes amid Brexit uncertainty.

Last month, Japanese giant Sony said it will move its European headquarters from London to Amsterdam, while technology firm Dyson revealed it was moving its global headquarters from the British capital to Singapore.

Source: Civil Aviation Authority