International Airlines Group plans to sell BMI Regional to Sector Aviation Holdings and shed the unit it never wanted to acquire from Lufthansa. IAG acquired the carrier as part of its purchase of the BMI British Midland mainline airline after Lufthansa failed in its efforts to divest the loss-making entity. IAG says it will receive £8 million ($12.8 million) for the carrier. Sector Aviation will take on all BMI Regional assets and liabilities, including 18 Embraer ERJ 135/145s.


"Bye, Bye BMI Regional" is Premium Content. Subscribing will provide full access to this article as well as the opportunity to access:
-- Critical intelligence on the global aviation, aerospace & defense industries
-- Consolidated, comprehensive coverage of the programs and technologies shaping the industry
-- And much more…

Already registered? here.