AIRLINE GOES BUST - BLAMES BREXIT

[Cannydc]

The British airline Flybmi has gone bust, cancelling all flights with immediate effect and blaming Brexit as the main cause of its collapse.

The company, which employs 376 staff and operates more than 600 flights a week, said it faced “several difficulties” in recent weeks including spikes in fuel and carbon costs, the latter arising from the EU’s recent decision to exclude UK airlines from full participation in the Emissions Trading Scheme.

“Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and lack of confidence around bmi’s ability to continue flying between destinations in Europe,” the airline said in a statement.

“Against this background, it has become impossible for the airline’s shareholders to continue their extensive programme of funding into the business, despite investment totalling over £40m in the last six years. 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.”


Evidence of the crass stupidity of Brexit continues to mount. 376 more jobs gone.

https://www.theguardian.com/business/20 ... ncertainty

[Grafenwalder]

Brexiteers must be proud of their latest "achievement".

[Cannydc]

All but one council area of Nottinghamshire, including Nottingham city, voted to leave the EU.

Labour MP for Bassetlaw, John Mann, a Leave campaigner, said people voted to leave because of immigration, zero-hour contracts and job prospects and said a "divide in Britain" had been exposed.


Oh well, there goes my sympathy for the East Midlands people and their economy.

[McAz]

Brexiteers must be proud of their latest "achievement".

They just keep winning.

[LordRaven]

The British airline Flybmi has gone bust, cancelling all flights with immediate effect and blaming Brexit as the main cause of its collapse.

The company, which employs 376 staff and operates more than 600 flights a week, said it faced “several difficulties” in recent weeks including spikes in fuel and carbon costs, the latter arising from the EU’s recent decision to exclude UK airlines from full participation in the Emissions Trading Scheme.

“Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and lack of confidence around bmi’s ability to continue flying between destinations in Europe,” the airline said in a statement.

“Against this background, it has become impossible for the airline’s shareholders to continue their extensive programme of funding into the business, despite investment totalling over £40m in the last six years. 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.”


Evidence of the crass stupidity of Brexit continues to mount. 376 more jobs gone.

https://www.theguardian.com/business/20 ... ncertainty

The EU are undoubtedly making an example of the UK as a warning to others, this continued will only serve to breed resentment.
Why can't we all just get along?

600 flights a week with 376 staff --not just in Britain --is no mean feat, they must have been running on a very tight budget.

[Grafenwalder]

The British airline Flybmi has gone bust, cancelling all flights with immediate effect and blaming Brexit as the main cause of its collapse.

The company, which employs 376 staff and operates more than 600 flights a week, said it faced “several difficulties” in recent weeks including spikes in fuel and carbon costs, the latter arising from the EU’s recent decision to exclude UK airlines from full participation in the Emissions Trading Scheme.

“Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and lack of confidence around bmi’s ability to continue flying between destinations in Europe,” the airline said in a statement.

“Against this background, it has become impossible for the airline’s shareholders to continue their extensive programme of funding into the business, despite investment totalling over £40m in the last six years. 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.”


Evidence of the crass stupidity of Brexit continues to mount. 376 more jobs gone.

https://www.theguardian.com/business/20 ... ncertainty

The EU are undoubtedly making an example of the UK as a warning to others, this continued will only serve to breed resentment.
Why can't we all just get along?

600 flights a week with 376 staff --not just in Britain --is no mean feat, they must have been running on a very tight budget.

They were already struggling and the chaos Brexit has brought to businesses was enough to tip Flybmi over the edge. Sad part about is 376 people have lost their jobs. Even stable businesses are being affected. Have a listen to this guy.

https://www.channel4.com/news/could-uk- ... it-premium

[Cannydc]

The British airline Flybmi has gone bust, cancelling all flights with immediate effect and blaming Brexit as the main cause of its collapse.

The company, which employs 376 staff and operates more than 600 flights a week, said it faced “several difficulties” in recent weeks including spikes in fuel and carbon costs, the latter arising from the EU’s recent decision to exclude UK airlines from full participation in the Emissions Trading Scheme.

“Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and lack of confidence around bmi’s ability to continue flying between destinations in Europe,” the airline said in a statement.

“Against this background, it has become impossible for the airline’s shareholders to continue their extensive programme of funding into the business, despite investment totalling over £40m in the last six years. 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.”


Evidence of the crass stupidity of Brexit continues to mount. 376 more jobs gone.

https://www.theguardian.com/business/20 ... ncertainty

The EU are undoubtedly making an example of the UK as a warning to others, this continued will only serve to breed resentment.
Why can't we all just get along?

600 flights a week with 376 staff --not just in Britain --is no mean feat, they must have been running on a very tight budget.

This had nothing whatsoever to do with the EU, it is a symptom of the crazy uncertainty caused by the idiotic referendum and the subsequent chaotic handling of leaving the EU by this catastrophic government and those who have acted as their puppeteers for the last 2 years - Rees Mogg and the ERG.

[Guest]

Brexiteers must be proud of their latest "achievement".

Yep, glad there gone. Capitalism at it's best only the strong survive.
Your Benefits will be the next to go

[Guest]

The British airline Flybmi has gone bust, cancelling all flights with immediate effect and blaming Brexit as the main cause of its collapse.

The company, which employs 376 staff and operates more than 600 flights a week, said it faced “several difficulties” in recent weeks including spikes in fuel and carbon costs, the latter arising from the EU’s recent decision to exclude UK airlines from full participation in the Emissions Trading Scheme.

“Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and lack of confidence around bmi’s ability to continue flying between destinations in Europe,” the airline said in a statement.

“Against this background, it has become impossible for the airline’s shareholders to continue their extensive programme of funding into the business, despite investment totalling over £40m in the last six years. 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.”


Evidence of the crass stupidity of Brexit continues to mount. 376 more jobs gone.

https://www.theguardian.com/business/20 ... ncertainty

The EU are undoubtedly making an example of the UK as a warning to others, this continued will only serve to breed resentment.
Why can't we all just get along?

600 flights a week with 376 staff --not just in Britain --is no mean feat, they must have been running on a very tight budget.

This had nothing whatsoever to do with the EU, it is a symptom of the crazy uncertainty caused by the idiotic referendum and the subsequent chaotic handling of leaving the EU by this catastrophic government and those who have acted as their puppeteers for the last 2 years - Rees Mogg and the ERG.

Is this the first Airline company to ever go 'Bust' in the UK then Canny?
Never happened before eh?

[wutang]

The EU are undoubtedly making an example of the UK as a warning to others, this continued will only serve to breed resentment.
Why can't we all just get along?

Its the UK leaving the EU... which means leaving all of the things the EU does.

If it wants to remain in these things it needs to strike a deal but instead the useless Tories have wasted the last 2 years doing fuck all - cant blame the EU for that

[LordRaven]

The British airline Flybmi has gone bust, cancelling all flights with immediate effect and blaming Brexit as the main cause of its collapse.

The company, which employs 376 staff and operates more than 600 flights a week, said it faced “several difficulties” in recent weeks including spikes in fuel and carbon costs, the latter arising from the EU’s recent decision to exclude UK airlines from full participation in the Emissions Trading Scheme.

“Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and lack of confidence around bmi’s ability to continue flying between destinations in Europe,” the airline said in a statement.

“Against this background, it has become impossible for the airline’s shareholders to continue their extensive programme of funding into the business, despite investment totalling over £40m in the last six years. 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.”


Evidence of the crass stupidity of Brexit continues to mount. 376 more jobs gone.

https://www.theguardian.com/business/20 ... ncertainty

The EU are undoubtedly making an example of the UK as a warning to others, this continued will only serve to breed resentment.
Why can't we all just get along?

600 flights a week with 376 staff --not just in Britain --is no mean feat, they must have been running on a very tight budget.

This had nothing whatsoever to do with the EU, it is a symptom of the crazy uncertainty caused by the idiotic referendum and the subsequent chaotic handling of leaving the EU by this catastrophic government and those who have acted as their puppeteers for the last 2 years - Rees Mogg and the ERG.

Ah yes but, we will soon have two rather large aircraft carriers and they, with their protective screening ships like the best anti aircraft/missile/inbound projectile ships in the world the type 45's , can project air power and gunboat diplomacy in areas of the world where our politicians will be negotiating new trade deals. A bit of muscle to back up the trade negotiations if you like
Rule Britannia and all that bollocks again soon innit!
Jingoism is alive and well it seems. Let us hope and pray that it will provide all the trade, food and employment opportunities needed post-Brexit.
We will keep the divorce bill, save £350M a week to give to the NHS and Take Back Control
Or we could simply call off Brexit and remain in the EU.

[Cannydc]

The EU are undoubtedly making an example of the UK as a warning to others, this continued will only serve to breed resentment.
Why can't we all just get along?

Its the UK leaving the EU... which means leaving all of the things the EU does.

If it wants to remain in these things it needs to strike a deal but instead the useless Tories have wasted the last 2 years doing fuck all - cant blame the EU for that

Quite.

When you join a club, the rules are often in a small booklet or posted prominently on a wall. Seems we no longer want to be in the club, or pay for the facilities, but we still want use of them and are intent on crossing out the rules we don't like at the same time.

Our bad - not theirs.

[LordRaven]

The EU are undoubtedly making an example of the UK as a warning to others, this continued will only serve to breed resentment.
Why can't we all just get along?

Its the UK leaving the EU... which means leaving all of the things the EU does.

If it wants to remain in these things it needs to strike a deal but instead the useless Tories have wasted the last 2 years doing fuck all - cant blame the EU for that

2 years of collusion more like, well in my opinion, to make leaving sound so bad that the public will demand to stay in.

[LordRaven]

The EU are undoubtedly making an example of the UK as a warning to others, this continued will only serve to breed resentment.
Why can't we all just get along?

Its the UK leaving the EU... which means leaving all of the things the EU does.

If it wants to remain in these things it needs to strike a deal but instead the useless Tories have wasted the last 2 years doing fuck all - cant blame the EU for that

Quite.

When you join a club, the rules are often in a small booklet or posted prominently on a wall. Seems we no longer want to be in the club, or pay for the facilities, but we still want use of them and are intent on crossing out the rules we don't like at the same time.

Our bad - not theirs.

Read my last

[Maddog]

Brexiteers must be proud of their latest "achievement".

Yep, glad there gone. Capitalism at it's best only the strong survive.
Your Benefits will be the next to go

That's not a bad point. Companies fail in a capitalist system. That's why I cant drive my new Studebaker to Sears.

And when someone fails, its human nature to look for someone else to blame.