BMI Regional sale creates Scotland's largest airline
Date:
30 May 2012
Source:
Herald Scotland
The future of Aberdeen-based BMI Regional has been secured after British Airways' parent company agreed to sell it to a consortium of local businessmen for £8 million, creating Scotland's biggest indigenous airline.
The cash deal with Sector Aviation Holdings (SAH) safeguards flights from 14 destinations in the UK and Europe, together with around 330 jobs and is now awaiting approval by the Civil Aviation Authority.
It follows the recent sale of the loss-making BMI by Lufthansa to International Airlines Group (IAG) for £807m, a deal that left the future of smaller subsidiaries BMI Regional and BMI Baby in doubt.