UK regional airline Flybmi goes into administration blaming Brexit

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.