Type
Bankruptcy
Country
European Union
Region
Location of affected unit(s)
UK, Germany, Sweden, Belgium
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51.10 - Passenger air transport

376 jobs
Number of planned job losses
Job loss
Announcement Date
18 February 2019
Employment effect (start)
15 February 2019
Foreseen end date
30 March 2019

Description

The regional British airline company Flybmi has ceased trade on 17 February and formally appointed the restructuring firm BDO as administrators on 18 February. The same day, BDO announced that 376 employees in the UK, Germany, Sweden and Belgium have been made redundant, although some will assist with the administration. The airline’s owner, British Midland Regional, operated 17 regional jet aircraft on routes to 25 European cities but cancelled hundreds of flights at short notice over the weekend, leaving passengers stranded.

BDO said that they are working with flybmi employees' to provide them with guidance on how to make a claim for monies which may be due to them.


Sources

Citation

Eurofound (2019), flybmi, Bankruptcy in European Union, factsheet number 97353, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97353.