IAG completes BMI Regional sale

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International Airlines Group has formally completed the sale of BMI Regional to investment company Sector Aviation Holdings.

BMI Regional had been acquired by IAG as part of its takeover of BMI, the mainline activities of which are to be integrated with British Airways.

But the Regional operation as well as the budget arm BMIbaby are not being absorbed and IAG has sought a buyer for both.

It agreed in early May to divest BMI Regional to Sector Aviation for £8 million ($13 million), and says this sale has been completed.