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IAG sells bmi Regional to Sector Aviation

11-May-2012 10:24 AM

International Airlines Group (IAG) announced (10-May-2012) it signed a binding agreement to sell bmi Regional to Sector Aviation Holdings Ltd (SAH) for GBP8 million. The sale includes all "bmi Regional's fixed assets and long-term liabilities, including owned and operating lease aircraft". The airline currently operates a fleet of 18 Embraer regional jets on scheduled services within the UK and Northern Europe. IAG CEO Willie Walsh said, "This deal provides a future for bmi Regional and should secure around 330 jobs". British Airline Pilots’ Association (BALPA) welcomed the news, stating it looks forward to working with the airline's new management. BALPA general secretary Jim McAuslan said, "we want to help the new owners ensure that bmi Regional is a safe and profitable airline and a good employer both in Aberdeen and around the UK". [more - original PR - IAG] [more - original PR - BALPA]