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bmi Regional sold to Sector Aviation Holdings Ltd, securing pilot jobs

bmi Regional has been bought over by an Aberdeen-based consortium in an £8 million deal, securing 330 jobs.

International Airlines Group (IAG) said it had signed a binding agreement to sell the division to Sector Aviation Holdings Ltd (SAH).

The sale includes all of BMI Regional’s fixed assets and liabilities, including owned and operating lease aircraft.

The sale, which is conditional on Civil Aviation Authority approval, is expected to be completed within two weeks.

The British Airline Pilots’ Association (BALPA) has given a tentative welcome to the news, with General Secretary, Jim McAuslan saying, “On the face of it this looks to be good news. That said, we’ve been in a similar position before but we are hopeful that this time is different. The last five months have been purgatory for pilots in bmi Regional not knowing what the future holds, and it remains purgatory for pilots in bmi Baby who are facing the prospect of the closure of that airline.”

Loss-making Bmi Baby faces grounding by September unless a buyer can be found.