BDO keen to ensure customers, staff and suppliers are supported through process

Nearly 400 employees at Flybmi have lost their jobs following the collapse of the regional British airline at the weekend.

Flybmi formally appointed the restructuring firm BDO as administrators on Monday after ceasing to trade on Saturday. 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 immediate 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.

Thousands of passengers have been left out of pocket after the collapse of the airline, which operated more than 600 flights a week from regional airports including Bristol, Newcastle, Aberdeen and east Midlands.

Tony Nygate, BDO business restructuring partner and joint administrator, said: “As joint administrators, we are taking all necessary steps to ensure customers, staff and suppliers are supported through the administration process. Our job is to maximise recoveries and minimise distress for all parties, acting as smoothly and swiftly as possible.

Original Source


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