Three hundred and thirty jobs at BMI's regional airline operation look likely to have been saved after it was sold by parent group International Airlines Group for £8m.
The buyer is a private consortium, Sector Aviation Holdings.
BMI Regional is based in Aberdeen in Scotland and flies to 14 destinations from UK regional airports, operating a fleet of 18 jets throughout the UK and Northern Europe.
IAG chief executive Willie Walsh said: “This deal provides a future for bmi Regional and should secure around 330 jobs.”
IAG completed its £172m purchase of bmi from German carrier Lufthansa last month, but made it clear it did not want to operate the regional section or the airline’s low-cost operation, bmibaby.
IAG has started consultation with unions about bmibaby’s closure in September, with the potential loss of hundreds of jobs.