BMI REGIONAL IS SOLD FOR £8M
11.5.2012 (Express)
BRITISH Airways owner IAG has agreed to sell the regional business of newly acquired BMI for £8million to an Aberdeen-based consortium. BMI Regional, which operates 18 Embraer jets in the UK and northern Europe, is being bought by Sector Aviation, led by Ian Woodley, who founded a regional airline bought by BMI in 1996. The consortium is backed by Stephen and Peter Bond, who are also investors in Scotland’s Loganair. IAG chief executive Willie Walsh said a deal, which needs Civil Aviation Authority approval, should secure about 330 jobs.