Flybmi Becomes Latest European Carrier to Go Bust

The U.K.'s Flybmi is the latest airline to cease operations following an announcement on the airline’s website last weekend. The news brings an end to the British Midland franchise that dates back to the 1960s and misery to thousands of passengers due to fly out this weekend at the beginning of the school term break. The airline operated short-haul routes to 25 European destinations with a fleet of 17 aircraft. Three Embraer ERJ-135s and 14 ERJ-145s were operating out of…