TravelMole is reporting that BMIBaby will be grounded from September, with some flights stopping next month, unless BA can find a buyer soon.
Bmibaby will be grounded from September, with some routes being stopped as early as next month, new owner IAG announced this afternoon.
The move by British Airways’ parent will affect almost 500 staff.
IAG said it was still willing to sell the East Midlands-based budget airline, but it said recently it didn’t expect to find a buyer for the carrier which is losing £25m a year.
IAG acquired bmibaby along with bmi from Lufthansa, but while bmi is being integrated into BA’s mainstream operations, BA has no desire to run the budget airline.
Full report here: