Thursday, November 14, 2019

Brexit exit emitting effects, Flybmi announces bankruptcy

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Brexit exit has started emitting the effects on UK economy. The British regional airline Flybmi has announced bankruptcy on Saturday night on its website. All flights were canceled with immediate effect.

Flybmi customers were asked to contact Flybmi’s credit card providers, travel agents or partner airlines for reimbursement of the fare.

With 17 aircrafts, the airline has offered flights to 25 European destinations, including Germany.

There were several reasons for the decision, including general difficulties in the industry, but also the planned UK exit from the European Union in late March, the company said.

These included higher oil prices due to the partial exclusion of British airlines from EU emissions trading.

The continuing uncertainty also led to the airline having escaped valuable contracts.

 

 

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

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