Two more from the prospectus
Two more from the prospectus
Page 16 (Risk)
In addition, pilots are from time to time in short supply in the European airline industry and the Group may have to expend significant amounts of time in recruiting and training them. There has historically been a trend in the industry for senior pilots in short haul airlines (such as the Group) to leave in order to join airlines with longer haul routes, particularly when the global economy is strong and there is high demand for experienced pilots to fly on international routes. Although in the last few years the Group has maintained a relatively high retention rate in respect of pilots, this may change when the economy improves. ......Any significant shortage of highly trained or specialised employees could have a material adverse effect on the Group’s business, results of operations, growth prospects and/or financial condition.
Page 62; employee Incentivisation
Flybe recognises the importance of its people to the success of the Group. Consequently, the Group’s remuneration policy is designed to be market competitive in order to motivate and retain talented executives, align the reward strategy with delivery of the business strategy, incentivise and reward sustainable profit growth and the creation of long-term value, and align employee behaviours with the interests of shareholders.
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