AGL 39.15 Decreased By ▼ -0.85 (-2.13%)
AIRLINK 128.00 Decreased By ▼ -1.06 (-0.82%)
BOP 6.83 Increased By ▲ 0.08 (1.19%)
CNERGY 4.68 Increased By ▲ 0.19 (4.23%)
DCL 8.49 Decreased By ▼ -0.06 (-0.7%)
DFML 40.84 Increased By ▲ 0.02 (0.05%)
DGKC 82.10 Increased By ▲ 1.14 (1.41%)
FCCL 33.08 Increased By ▲ 0.31 (0.95%)
FFBL 74.15 Decreased By ▼ -0.28 (-0.38%)
FFL 11.81 Increased By ▲ 0.07 (0.6%)
HUBC 109.40 Decreased By ▼ -0.18 (-0.16%)
HUMNL 14.25 Increased By ▲ 0.50 (3.64%)
KEL 5.24 Decreased By ▼ -0.07 (-1.32%)
KOSM 7.54 Decreased By ▼ -0.18 (-2.33%)
MLCF 39.10 Increased By ▲ 0.50 (1.3%)
NBP 63.70 Increased By ▲ 0.19 (0.3%)
OGDC 193.00 Decreased By ▼ -1.69 (-0.87%)
PAEL 25.62 Decreased By ▼ -0.09 (-0.35%)
PIBTL 7.28 Decreased By ▼ -0.11 (-1.49%)
PPL 153.50 Decreased By ▼ -1.95 (-1.25%)
PRL 25.50 Decreased By ▼ -0.29 (-1.12%)
PTC 17.35 Decreased By ▼ -0.15 (-0.86%)
SEARL 80.30 Increased By ▲ 1.65 (2.1%)
TELE 7.58 Decreased By ▼ -0.28 (-3.56%)
TOMCL 33.42 Decreased By ▼ -0.31 (-0.92%)
TPLP 8.39 Decreased By ▼ -0.01 (-0.12%)
TREET 16.32 Increased By ▲ 0.05 (0.31%)
TRG 56.74 Decreased By ▼ -1.48 (-2.54%)
UNITY 27.50 Increased By ▲ 0.01 (0.04%)
WTL 1.36 Decreased By ▼ -0.03 (-2.16%)
BR100 10,467 Increased By 22 (0.21%)
BR30 31,017 Decreased By -172.6 (-0.55%)
KSE100 98,100 Increased By 301.5 (0.31%)
KSE30 30,615 Increased By 134.1 (0.44%)

British regional airline Flybmi has gone into administration and has cancelled all flights with immediate effect, the company said in a statement on Saturday, blaming Brexit uncertainty as one of the reasons for its collapse.
A spokesperson for British Midland Regional Ltd said the company had taken the decision due to increased fuel and carbon costs and to uncertainty arising from Britain's plans to leave the European Union on March 29. The airline, based in the English East Midlands, operates 17 planes flying to 25 European cities. It employs 376 people in Britain, Germany, Sweden and Belgium.
"We sincerely regret that this course of action has become the only option open to us, but the challenges, particularly those created by Brexit, have proven to be insurmountable," the company said. The airline, which said it carried 522,000 passengers on 29,000 flights in 2018, advised customers with bookings to contact their bank or payment card issuer to obtain refunds.

Copyright Reuters, 2019

Comments

Comments are closed.