Flybe - 2
Join Date: May 2005
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To put it bluntly, most of the senior managers are c$£p. They care little for the welfare of the staff, terms and conditions are rubbish with morale at a low ebb, little wonder they have a high staff turnover.
Look at the equipment, it might be new but the dash goes tech quite often as it is built down to a price (I know because I`ve flown the damned thing and would be seriously worried if I had to fly in a 10 year old airframe given the number of controlled crashes that pass as landings as it`s a tricky beast to put down.) So let`s just hope that the Embraer-which is pretty much un tried in airline service-doesn`t suffer teething troubles.
Worth £200,000.000? more like £20,000,000, on a good day, as it`s only the staff that are keeping the ship afloat-some might say.
Flybe has to be the worst airline that I`ve worked for and couldn`t wait to get out. But for those still at the coal face, the grass really is greener outside of Exeter.
Good luck
GB
Look at the equipment, it might be new but the dash goes tech quite often as it is built down to a price (I know because I`ve flown the damned thing and would be seriously worried if I had to fly in a 10 year old airframe given the number of controlled crashes that pass as landings as it`s a tricky beast to put down.) So let`s just hope that the Embraer-which is pretty much un tried in airline service-doesn`t suffer teething troubles.
Worth £200,000.000? more like £20,000,000, on a good day, as it`s only the staff that are keeping the ship afloat-some might say.
Flybe has to be the worst airline that I`ve worked for and couldn`t wait to get out. But for those still at the coal face, the grass really is greener outside of Exeter.
Good luck
GB
Originally Posted by gator bait
Look at the equipment, it might be new but the dash goes tech quite often as it is built down to a price (I know because I`ve flown the damned thing and would be seriously worried if I had to fly in a 10 year old airframe given the number of controlled crashes that pass as landings as it`s a tricky beast to put down.) GB
Join Date: Dec 2005
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A £200 mill valuation would suggest pre-tax profits of around £20mill- which is approx 3 times more than they achieved in 2005. No financials have been disclosed for the past year's trading and they dropped monthly load factors from their website update some months ago, so how on earth would anyone be able to estimate realistic valuations. This sounds like 'rutterspeak' which is normally extracted from an altenative english dictionary!
Join Date: Nov 2002
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200,000,000
I havent laughed so much in years ! , there is nothing on the balance sheet apart from goodwill .
I wish them well , as cartman says the Walker family trustees have been trying to offload it for years , this seems fanciful .
I havent laughed so much in years ! , there is nothing on the balance sheet apart from goodwill .
I wish them well , as cartman says the Walker family trustees have been trying to offload it for years , this seems fanciful .
Join Date: Dec 2005
Location: LoCoLand
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£200 Million ... don't think so
Also Air Berlin are rumoured to be buying just about everything in th UK
With regard to the Q400, I've had lots of time on type (when I was with Jersey) - and I don't think there is a problem with landing. It lands very nicely (more like a big airplane than a turboprop)
Also Air Berlin are rumoured to be buying just about everything in th UK
With regard to the Q400, I've had lots of time on type (when I was with Jersey) - and I don't think there is a problem with landing. It lands very nicely (more like a big airplane than a turboprop)
Join Date: Mar 2006
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Like everything else to do with this company the managers decide to put their heads in the sand and ignore what is going on around them. My guess is that they have put their heads in the sand again and came up with a random figure
Even when you tell the managers about staff morale they pretend it isn't happening or they didn't hear it. They will only have themselves to blame when they end up with no staff, they have been told time and time again. I just wonder what ever happened to team work? cause at the moment it's crew v crewing/managers for crap money and no social life
Maybe if it wasn't 17 year old running ops they might get somewere
Even when you tell the managers about staff morale they pretend it isn't happening or they didn't hear it. They will only have themselves to blame when they end up with no staff, they have been told time and time again. I just wonder what ever happened to team work? cause at the moment it's crew v crewing/managers for crap money and no social life Maybe if it wasn't 17 year old running ops they might get somewere
Join Date: Mar 2000
Location: england
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Morale was always s**t in flybe. Nothing has really changed since the late
90's except that dubious period post 2001 where the banks nearly closed it down and people said nowt because they were glad (and rightly so) just just have a job. What made life tolerable was the solidarity of the crews back then with 100% disdain for those who made decisions down on the farm. So despite Jimbo's inabilities it was actually fun a lot of the time. It would seem that nothing has moved on since then and slotting a bunch of ex-bral jockeys into senior positions will hardly help 200mil?? their accountant must have been an extra on fantasy island 
90's except that dubious period post 2001 where the banks nearly closed it down and people said nowt because they were glad (and rightly so) just just have a job. What made life tolerable was the solidarity of the crews back then with 100% disdain for those who made decisions down on the farm. So despite Jimbo's inabilities it was actually fun a lot of the time. It would seem that nothing has moved on since then and slotting a bunch of ex-bral jockeys into senior positions will hardly help
200mil?? their accountant must have been an extra on fantasy island
Join Date: Oct 2000
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Carlos - I can't believe you fell for the Management spin that the Company nearly went bust, absolutely nowhere near it! that was simply a tactic to make employees accept the radical changes which were planned (and probably necessary) and not complain about the lack of a payrise for three years.
Join Date: Mar 2000
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well it looked pretty true to me around Christmas 2001. A time when bankruptcy was high on most agendas. I'd long gone by then and was relying on 2nd hand info. It wasn't the first time Flyjerseybritisheuropean had been on the ropes though.
Join Date: Dec 2003
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Originally Posted by Lee Frost
Heard a rumour that Air Berlin are eyeing them up.
I understand that Air Berlin have an outstanding order for 50+ A320's -so why FlyBe ?
Join Date: Mar 2003
Location: Europe
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I am not sure if Air Berlin are really interested in FlyBe. If so, I don't think it has much to do with the Q400 but more with the need to get access to the strategically important UK market. There have been quite a few Q400 short-term delivery orders recently, so if one needs some, one can get some.
Air Berlin certainly needs a critical mass in able to survive as a major independent LCC in the long term. They have been able to grow in places like Switzerland and Spain and now begin to penetrate Italy, have joined forces with FlyNiki to capture the Austrian market, but as a true European LCC they certainly need a foothold in the UK market - which certainly is much more difficult to conquer than all other European markets because if ots well-developed LCC scene.
Air Berlin's STN mini-hub is a nice try, but very much a niche operation. A big-scale assault on the UK-market certainly would require some sort of link-up with an established carrier. With the bmibaby/Lufthansa connection, bmibaby as, imho, the most likely target is out of reach. Jet2 would make some sense, but I guess that with the whole ChannEx stuff on top of it, difficult to get hold of. That pretty much leaves FlyBe as the only possible take-over target (or maybe just a co-operation partner?).
In addition to that aspect, the FlyBe business model certainly has some appeal to the German/Austrian market. There are a lot of smaller airports that cannot sustain a 150seater LCC operation but could nicely do with some based Q400. Just think of all the smaller Austrian airports such as LNZ, SZG, GRZ, KLU and INN or airports in Germany such as FKB, NUE, DRS, BRE, PAD. However, FlyBe will find it difficult to establish themselves on those markets as a relatively unknown UK airline.
Air Berlin certainly needs a critical mass in able to survive as a major independent LCC in the long term. They have been able to grow in places like Switzerland and Spain and now begin to penetrate Italy, have joined forces with FlyNiki to capture the Austrian market, but as a true European LCC they certainly need a foothold in the UK market - which certainly is much more difficult to conquer than all other European markets because if ots well-developed LCC scene.
Air Berlin's STN mini-hub is a nice try, but very much a niche operation. A big-scale assault on the UK-market certainly would require some sort of link-up with an established carrier. With the bmibaby/Lufthansa connection, bmibaby as, imho, the most likely target is out of reach. Jet2 would make some sense, but I guess that with the whole ChannEx stuff on top of it, difficult to get hold of. That pretty much leaves FlyBe as the only possible take-over target (or maybe just a co-operation partner?).
In addition to that aspect, the FlyBe business model certainly has some appeal to the German/Austrian market. There are a lot of smaller airports that cannot sustain a 150seater LCC operation but could nicely do with some based Q400. Just think of all the smaller Austrian airports such as LNZ, SZG, GRZ, KLU and INN or airports in Germany such as FKB, NUE, DRS, BRE, PAD. However, FlyBe will find it difficult to establish themselves on those markets as a relatively unknown UK airline.
Join Date: Oct 2003
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What an incredible amount of negativity!!
Granted Flybe may not be the best place to work but i'm sure it's far from the worst. Surely pay and conditions along with prospects are far better than those at Eastern/Scot etc.
The £200 million price tag is likely to be very accurate. Personally I can see it going higher. They have a successful business model that is working against most that goes up against it, but most importantly and within the next 18mths they will have completed a full fleet transformation with one of the youngest in the industry. This is something that Jet2, BmiBaby etc seemed to have forgotten about. There is no money for either of these to complete this and so it is likely that they will only fall further and further behind Flybe.
Flybe have significant critical mass where they have significant bases to fens off competition, just look at Bacon on BHDBHX, who threw the towel in after 3mths.
How very presumtuous. If you are employed at Flybe then please go and see if ther grass is greener elsewhere. I'd hope you'd be very happy, however please remember that those 17yr olds in Ops would appear to have far more common sense than you! They have consistently delivered the best punctuality seen at Flybe since 2001. It is a shame not all can demonstrate their professional attitude.
Granted Flybe may not be the best place to work but i'm sure it's far from the worst. Surely pay and conditions along with prospects are far better than those at Eastern/Scot etc.
The £200 million price tag is likely to be very accurate. Personally I can see it going higher. They have a successful business model that is working against most that goes up against it, but most importantly and within the next 18mths they will have completed a full fleet transformation with one of the youngest in the industry. This is something that Jet2, BmiBaby etc seemed to have forgotten about. There is no money for either of these to complete this and so it is likely that they will only fall further and further behind Flybe.
Flybe have significant critical mass where they have significant bases to fens off competition, just look at Bacon on BHDBHX, who threw the towel in after 3mths.
I just wonder what ever happened to team work? cause at the moment it's crew v crewing/managers for crap money and no social life Maybe if it wasn't 17 year old running ops they might get somewhere