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Eastern Airways

Old 6th Sep 2010, 23:04
  #601 (permalink)  
 
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After a bit of searching and a little sceptisicm I found this article from 3rd of Sept.
NEGOTIATIONS on a deal to sell off Air Southwest have reached an advanced stage.

"Negotiations on a deal to sell off Air Southwest have reached an advanced stage.

Sutton Harbour Holdings has been in talks with suitor Eastern Airways since it announced in late May that it was putting its loss-making airline on the market.

A spokesman for the company said that discussions had now reached 'a crucial stage'.

An aviation industry source said a deal was likely to be completed within the next two to three weeks, with the prospect of Air Southwest's operations being scaled back in order to make the business viable.

A combination of the recession, extreme weather at the start of the year and the volcanic ash crisis resulted in the airline making a 3.94million loss.

Sutton Harbour Holdings has previously said that disposing of the airline would see it incur 'a significant loss'.

Three regional airlines are understood to have considered making an offer for Air Southwest: Humberside-based Eastern Airways, Exeter-based Flybe and Guernsey-based Blue Islands.

Of those, only Eastern remains in the frame. The airline already works with Air Southwest in an arrangement designed to allow the Plymouth airline access to the Global Distribution System of which Eastern is part.

When it was announced in February, the deal was described as the first stage of 'an evolving relationship' between the two companies.

The recession has hit Plymouth-based Sutton Harbour Holdings hard, with its share price dropping from a high of 160p in September 2007 to 40p yesterday.

The company says it is keen to cut its links with the volatile aviation sector so that it can focus on its core regeneration and marine activities.

Sutton Harbour also owns a 150-year lease on Plymouth City Airport.

Douglas McNeill, an equity analyst specialising in transport and travel at stockbrokers Charles Stanley, said a deal with Eastern Airways "would make a lot of sense. It would be helpful for Air Southwest to be part of a large group".

Sutton Harbour Holdings and Eastern Airways declined to comment."
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Old 6th Sep 2010, 23:35
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Great work, PaulW.
Exciting times for both companies!
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Old 7th Sep 2010, 06:11
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That was actually posted in the Airsouthwest thread.But I do beleive Eastern could be the saviour of ASW and exciting times are forth coming for both companies.The latest code share started yesterday on ASWs Glasgow route.
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Old 24th Sep 2010, 15:35
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A quick question for the regulars on here if you don't mind. Early in September, a number of Eastern insiders expressed the view that an EZE Saab 2000 would shortly commence regular ABZ-MAN service on behalf of BMIR. Do you know if this is still on the cards, or has BMIR's announcement of withdrawal from the ABZ-BHX route resolved their capacity issue from the inside? Thanks in advance for any insights provided.

SHED.
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Old 24th Sep 2010, 16:25
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It started operating on Monday, does the 1366/9 MAN, 1370/3 MAN, 1325/6 BHX and 1378/81 MAN flights on weekdays at least (starting from ABZ end). Not sure what weekends will be like.
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Old 24th Sep 2010, 18:18
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Thanks for the info, mmeteesside. Do you know if it is set to continue on ABZ-MAN beyond BMIR's termination of the ABZ-BHX schedules? Thanks.

SHED.
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Old 24th Sep 2010, 22:42
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Perhaps Eastern should continue the route ABZ-BHX route after termination...
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Old 6th Oct 2010, 17:53
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I have often wondered why T3 didn't fancy launching ABZ-MAN or BHX in the past. But they're a canny lot!

Small snippet in my local morning paper that T3 are introducing the e135 on ABZ-SVG & on a reintroduced ABZ-BGO route from Nov. Any truth in this?
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Old 6th Oct 2010, 18:43
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The 135 is currently operating the ABZ SVG, I cant comment on BGO though. But if its in the paper, its normally as a result from a press release from Eastern. Eastern tend to stay out of the papers and dont advertise much.
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Old 6th Oct 2010, 19:02
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Cheers PaulW, hadn't realised it was already on SVG. Should really keep up to date with the news!!
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Old 6th Oct 2010, 22:19
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any have to wonder with the purchase of SZ if we might see something like ABZ-NQY at some stage ?
cs
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Old 6th Oct 2010, 22:42
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Am I correct in thinking that NQY-ABZ (or ABZ from somewhere in the south west) was done by Brymon years ago with a Dash 7? I could be totally wrong.
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Old 7th Oct 2010, 06:27
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LH-OAB,

yes they did but IIRC it was only once per week (either saturday or sunday) and was primarily a means of getting a little income from swapping the aircraft round. There were two -7's at Aberdeen and one at Newquay which did the Newquay - Heathrow run.

Rumour time - are Eastern taking over the Loganair Royal Mail flights from Aberdeen? A man who drives a big red mail van indicated that was so.......

DD
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Old 7th Oct 2010, 06:39
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The Aberdeen-East Midlands-Aberdeen mail route was up for tender ...
(as was Inverness-Edinburgh-East Midlands-Inverness)
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Old 7th Oct 2010, 07:17
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With what?....T3 have no cargo configured aircraft from what I remember?.

The ABZ-EMA hs been put up for tender due to an increase in volume required by the Royal Mail (3 tonnes to 6 tonnes).

Flight deck are leaving in their droves from the Saab fleet, not a happy camp.
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Old 7th Oct 2010, 17:30
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ABZ-BGO was only only frozen for the summer it will be re-intoroduced in the coming months, same every year.
Eastern can easily et the aircraft to cover any kind of cargo work should they need it. The Saab fleet is a happy camp, its just that those leaving have better offers then at Eastern.
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Old 7th Oct 2010, 21:34
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Data Dad,

Brymon's SW based DHC7 was based in PLH, not NQY, the changeover route was ABZ/PLH/NQY/ABZ.
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Old 8th Oct 2010, 18:43
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Is there much potential for Aberdeen to newquay? Thought most routes from Aberdeen were oil related.
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Old 8th Oct 2010, 20:30
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Phileas Fogg,

I stand corrected........ it was a loooong time ago
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Old 9th Oct 2010, 13:08
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'this town aaaargh, becomin' like a ghost town. To much fightin' on de dance floor'.
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