Eastern Airways
Join Date: Jan 2004
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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."
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."
Join Date: Nov 2005
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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.
Join Date: Sep 2002
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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.
SHED.
Join Date: Jul 2003
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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.
Fit like min?
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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?
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?
Join Date: Jan 2004
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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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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
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
Join Date: Nov 2005
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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.
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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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.
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.
