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Flybmi Collapses; Brexit Blamed – Live and Let's Fly

February 17, 2019 Business 0 Views Flybmi has suddenly collapsed. All flights have been canceled and the FA's ordered home. Flybmi served 23 destinations in Europe with a fleet of 1 7 Embraer regional jets. Here is the complete message from Flybmi, whose website has been transformed into a press release on the carrier's collapse: It is with a heavy heart that we have made this inevitable announcement today. The airline has faced several difficulties, including the latest nails in fuel and carbon dioxide costs, the latter deriving from the EU's recently decided to exclude UK airlines from full participation in the emissions trading scheme. These problems have undermined efforts to move the airline to profit. Current trading and prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to us not being able to secure valuable flight contracts in Europe and a lack of confidence in bmi's ability to continue flying between destinations in Europe. In addition, our situation reflects greater difficulties in the regional aviation industry, which has been well documented. Against this background, it has become impossible for the airline's shareholders to continue its extensive program of financing for the business despite investments of over 40 million over the past six years. We really regret that this action has become the only option open to us, but the challenges, especially those created by Brexit, have proved insurmountable. Our employees have worked very hard in recent years and we would thank…

Flybmi has suddenly collapsed. All flights have been canceled and the FA’s ordered home.

Flybmi served 23 destinations in Europe with a fleet of 1

7 Embraer regional jets.

Here is the complete message from Flybmi, whose website has been transformed into a press release on the carrier’s collapse:

It is with a heavy heart that we have made this inevitable announcement today. The airline has faced several difficulties, including the latest nails in fuel and carbon dioxide costs, the latter deriving from the EU’s recently decided to exclude UK airlines from full participation in the emissions trading scheme.

These problems have undermined efforts to move the airline to profit. Current trading and prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to us not being able to secure valuable flight contracts in Europe and a lack of confidence in bmi’s ability to continue flying between destinations in Europe. In addition, our situation reflects greater difficulties in the regional aviation industry, which has been well documented.

Against this background, it has become impossible for the airline’s shareholders to continue its extensive program of financing for the business despite investments of over 40 million over the past six years. We really regret that this action has become the only option open to us, but the challenges, especially those created by Brexit, have proved insurmountable.

Our employees have worked very hard in recent years and we would thank them for their commitment to the company, as well as all our loyal customers who have been flying with us for the past 6 years.

To summarize:

  • Higher fuel and coal costs have led to losses
  • The threat to Brexit has led to inability to secure or renew important contacts
  • There is no hope

If you find yourself with a useless ticket, Flybmi tells you how to request a refund:

Customers with reservations should contact their bank or payment card issuer to initiate the process of obtaining a refund. If customers have booked via Lufthansa, Brussels Airlines or another airline or code partner or a booking agent, customers should contact them directly. Customers who have travel insurance should contact their travel insurance provider to understand if they are entitled to claim canceled flights and the procedure to do so.

CONCLUSION

Thus, another airline contributes to dust. For the bmi mark it is like a second death … I write more about next week.

Another boring day for aviation in Europe.

image: Flybmi


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Faela