 It was announced only just over a year later, on 3 May 2012, that Bmibaby would close down and cease all operations in September 2012, with a number of services being dropped from June.The parent company, International Airlines Group, cited heavy losses and the failure to find a suitable buyer as the reasons for the decision.In light of the announcement, Flybe and Monarch Airlines announced they would establish a base at the airport, and low-cost airline Jet2.com confirmed they would also expand their operations from the airport, with new routes and an additional aircraft from summer 2013.