British budget carrier Bmibaby has shut down operations after the parent company International Airlines Group (IAG) could not find a buyer for the airline.
It’s final flight, Flight 5330 from Malaga to East Midlands, flew on September 9th.
The Telegraph reports:
Following its launch, the airline became Britain’s third-largest low-cost carrier. At its height, it served destinations such as Prague, Alicante, Rome, Barcelona and Amsterdam from its headquarters at East Midlands airport in Leicestershire.
It was sold to German airline Lufthansa in 2008, but its decline continued, with services from Cardiff and Manchester terminated in 2011.’
The airline has lost over $160 million in the last 4 years, and was then sold to IAG, who planned its closure for awhile.