IAG Sells BMI Regional

International Airlines Group (IAG) has signed a binding agreement to sell Aberdeen, Scotland-based BMI Regional to Sector Aviation Holdings for £8 million ($12.9 million) in cash. The sale includes all BMI Regional’s fixed assets and long-term liabilities, including owned and leased aircraft.

BMI Regional flies a fleet of 18 Embraer ERJ 145s and ERJ 135s throughout the UK and Northern Europe. IAG chief executive Willie Walsh said the deal “should” secure some 330 jobs.