DWF has taken the lead role advising airline Flybmi as the company enters administration.

The airline, which operates 17 regional jet aircraft that fly to 25 European cities, announced it would file for administration at the weekend (16 February), with all flights cancelled with immediate effect.

BDO has been appointed as the administrator. In a statement, it said "most" of the company's 376 employees based in the UK, Germany, Sweden and Belgium had been made redundant by the collapse.

Flybmi cited concerns over Brexit as reasons behind the collapse, issuing a statement to its website that said: "The airline has faced several difficulties, including recent spikes in fuel and carbon costs, the latter arising from the EU's recent decision to exclude UK airlines from full participation in the Emissions Trading Scheme.

"These issues have undermined efforts to move the airline into profit. Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process."

DWF is advising BDO, with its team led by restructuring associate partner Matthew Brown.

Recent companies to fall into administration include energy broker Utilitywise, which is being advised by Pinsent Masons and Addleshaw Goddard, and music and entertainment company HMV. Howard Kennedy and Browne Jacobson are advising on its rescue buyout by Canadian record company Sunrise Records & Entertainment Limited.

Commenting on the recent trend of administrations leading up to the UK's departure from the EU, Eversheds Sutherland restructuring partner David Gray said: "There's a lot of Brexit uncertainty in the market at the moment because people aren't spending the amount of money they used to and there are great rising costs in the business. And because of this, there's not a huge amount of faith in restructuring, meaning companies are turning to administration."