BMI Regional sold for £8m11 May 2012
British Airways' parent company, IAG, is to sell the regional division of the BMI airline to a consortium of businessmen for £8 million.
IAG said it had signed a binding agreement to sell BMI Regional to Sector Aviation Holdings.
BMI Regional flies services between East Midlands Airport and Brussels and Frankfurt. The division is based in Aberdeen and flies to 14 destinations from UK regional airports. It operates a fleet of 18 Embraer jets on scheduled services throughout the UK and northern Europe.
The deal is subject to regulatory approval but is expected to be completed within two weeks,
IAG chief executive Willie Walsh said: "This deal provides a future for BMI Regional and should secure around 330 jobs."
IAG completed its £172 million purchase of BMI from German carrier Lufthansa last month, but made it clear it did not want to operate the regional section or the airline's low-cost operation, Bmibaby.
IAG has started talks with unions about Bmibaby's closure in September, with the potential loss of hundreds of jobs. Mick Rix, national officer for civil air transport for the GMB , said he would be seeking meetings with the new owners to ensure staff who transferred were "treated fairly and with dignity and respect".
Top photo courtesy of Scene Photography