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bmi confirms plan to sell bmi Regional

31-Oct-2011 11:34 AM

bmi confirmed (28-Oct-2011) it is in "advanced discussions" to sell bmi Regional to a UK-based investor group previously associated with the regional business. The airline said any sale would be in the form of shares of bmi Regional, all assets used in the bmi Regional business including the aircraft fleet, the existing regional route network and the continued employment of the existing staff. bmi Regional will continue to fly in an interim period under its existing brand name and offer the BD flight code. [more - original PR]

bmi: "The intended sale of bmi Regional is part of the strategic review of bmi. It is our goal to find sustainable solutions for all parts of the bmi business and we as well as the shareholder continue to assess options. We are pleased by this development that bmi Regional will be an independent airline with management dedicated to developing the regional business. Employment prospects will be enhanced through a planned growth strategy," Wolfgang Prock-Schauer, CEO. Source: Company statement, 28-Oct-2011.