BMI/Flyglobespan?
Join Date: Mar 2008
Location: Newcastle NI
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People are of course assuming that if this were to happen that it would be the whole of GSM and IMHO that doesn't make a lot of sense, getting involved with long haul ops would bring the same problems to baby that it did to GSM. Whilst it is true that the group(bmi) would be able to take this on, that doesn't fit what they do either, they aren't into package tours.
What would make sense would be for GSM to divest them selfs of the short haul product from EDI/GLA/ABZ/MME, the money from this would help develope the long haul side, make the operation that remaind much easier to manage.
For bmibaby they would have a fleet that fits with their current fleet (the NG is a couple of days in the sim) at a stroke it would give them a strong Scottish operation, baby have in place everything they need to do this both here and overseas.
It would allow them to operate early rotations between the EDI/GLA/ABZ and their current bases (that fly North) EMA/BHX/CWL which would allow them to pick up the more profitable early morning business traffic.
They could operate BHX-EDI-AGP-EDI-BHX with the BHX first wave whilst the Scottish first wave could operate EDI-BHX-AGP-BHX-EDI and still end up with all the crews in the right place, aircraft swaps down line to return aircraft to EMA for checks are common place within baby.
The plus for baby is that at stroke they would gain the airframes and crews that they need with out much additional cost to the cost base.
For GSM it would allow them to focus on their holiday business, they can still sell seats on the short haul stuff (baby have done this for years with various tour operators) not have to worry about facing down Ryanair at EDI, it would also give the CAA some confidence that they are serious about the long haul product (ETOPS) and who knows bmi (group) may be able to help them there as well as part of a deal.
This would avoid much blood being spilt in terms of back office staff for GSM
What would make sense would be for GSM to divest them selfs of the short haul product from EDI/GLA/ABZ/MME, the money from this would help develope the long haul side, make the operation that remaind much easier to manage.
For bmibaby they would have a fleet that fits with their current fleet (the NG is a couple of days in the sim) at a stroke it would give them a strong Scottish operation, baby have in place everything they need to do this both here and overseas.
It would allow them to operate early rotations between the EDI/GLA/ABZ and their current bases (that fly North) EMA/BHX/CWL which would allow them to pick up the more profitable early morning business traffic.
They could operate BHX-EDI-AGP-EDI-BHX with the BHX first wave whilst the Scottish first wave could operate EDI-BHX-AGP-BHX-EDI and still end up with all the crews in the right place, aircraft swaps down line to return aircraft to EMA for checks are common place within baby.
The plus for baby is that at stroke they would gain the airframes and crews that they need with out much additional cost to the cost base.
For GSM it would allow them to focus on their holiday business, they can still sell seats on the short haul stuff (baby have done this for years with various tour operators) not have to worry about facing down Ryanair at EDI, it would also give the CAA some confidence that they are serious about the long haul product (ETOPS) and who knows bmi (group) may be able to help them there as well as part of a deal.
This would avoid much blood being spilt in terms of back office staff for GSM
Join Date: Sep 1999
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Globespan 'looking for a partnership'
From The Scotsman:
By ALASTAIR DALTON TRANSPORT CORRESPONDENT
FLYGLOBESPAN, Scotland's largest airline, is seeking a merger or acquisition to fuel further growth, its new chief executive has revealed.
Rick Green, head of parent company Globespan, has disclosed that the firm remains firmly focused on expansion despite its impending first full-year loss, caused partly by major problems with hired-in aircraft used last year.
In his first interview since joining the Edinburgh-based company in December, Green said he was taking over operational command from chairman and former managing director Tom Dalrymple, who has run the business for 34 years.
Green was formerly managing director of Glasgow-based Direct Holidays, which became part of the merged Thomas Cook-MyTravel conglomerate last year. First Choice and Thomson Holidays owner TUI also merged months later.
The signals from Green suggest Globespan may be following a similar path. He said: "My role is to strategically review any opportunities that exist.
"We are looking for a strategic partnership, such as a merger or acquisition. We are not for sale, but every business has a price."
However, Green said there was "absolutely no truth" in rumours of interest from BMI.
He said Dalrymple, 62, would become "more strategic, less operational." He added: "Tom is the principal shareholder and will remain so, but I think his wife would like to see more of him."
Green will be looking for a less turbulent first summer season at Globespan than the hiatus caused last year by two problematic aircraft hired from Icelandair, which he admitted had cost the firm more than £10 million. Repeated faults with the Boeing 757s left transatlantic passengers stranded and others with disrupted journeys.
This will contribute to Globespan filing its first loss this month, for the year to last October, despite turnover rising 40 per cent to about £280 million. The previous year's pre-tax profits were £4.7m. Green said the firm had learned its lesson, and it now operated all of its own aircraft. It has a 17-strong fleet.
Six-year-old Flyglobespan hit further bad publicity in October when it became the first British airline to have a licence for flying directly across the Atlantic suspended following investigations by aviation safety authorities.
The licence was subsequently restored by the Civil Aviation Authority, but the airline has this year voluntarily surrendered the licence pending a reorganisation of its engineering division under new director Chris Hubbard, who joined from Thomas Cook.
Green is confident the licence will be restored by next month. In the meantime, twin-engine planes have to fly closer to land.
Confident that such problems will soon be history, Green was bullish about this year's prospects. He said bookings were up 10 per cent on last summer, despite the credit crunch, rising oil prices and increased competition, especially from Ryanair's expansion at Edinburgh airport.
The winter season had been the firm's strongest yet, Green said, with aircraft flying 82 per cent full – 4 percentage points up on last winter – despite a 6 per cent increase in seats.
He said: "Competition does not seem to be affecting us. We have regrouped and are stronger than ever."
By ALASTAIR DALTON TRANSPORT CORRESPONDENT
FLYGLOBESPAN, Scotland's largest airline, is seeking a merger or acquisition to fuel further growth, its new chief executive has revealed.
Rick Green, head of parent company Globespan, has disclosed that the firm remains firmly focused on expansion despite its impending first full-year loss, caused partly by major problems with hired-in aircraft used last year.
In his first interview since joining the Edinburgh-based company in December, Green said he was taking over operational command from chairman and former managing director Tom Dalrymple, who has run the business for 34 years.
Green was formerly managing director of Glasgow-based Direct Holidays, which became part of the merged Thomas Cook-MyTravel conglomerate last year. First Choice and Thomson Holidays owner TUI also merged months later.
The signals from Green suggest Globespan may be following a similar path. He said: "My role is to strategically review any opportunities that exist.
"We are looking for a strategic partnership, such as a merger or acquisition. We are not for sale, but every business has a price."
However, Green said there was "absolutely no truth" in rumours of interest from BMI.
He said Dalrymple, 62, would become "more strategic, less operational." He added: "Tom is the principal shareholder and will remain so, but I think his wife would like to see more of him."
Green will be looking for a less turbulent first summer season at Globespan than the hiatus caused last year by two problematic aircraft hired from Icelandair, which he admitted had cost the firm more than £10 million. Repeated faults with the Boeing 757s left transatlantic passengers stranded and others with disrupted journeys.
This will contribute to Globespan filing its first loss this month, for the year to last October, despite turnover rising 40 per cent to about £280 million. The previous year's pre-tax profits were £4.7m. Green said the firm had learned its lesson, and it now operated all of its own aircraft. It has a 17-strong fleet.
Six-year-old Flyglobespan hit further bad publicity in October when it became the first British airline to have a licence for flying directly across the Atlantic suspended following investigations by aviation safety authorities.
The licence was subsequently restored by the Civil Aviation Authority, but the airline has this year voluntarily surrendered the licence pending a reorganisation of its engineering division under new director Chris Hubbard, who joined from Thomas Cook.
Green is confident the licence will be restored by next month. In the meantime, twin-engine planes have to fly closer to land.
Confident that such problems will soon be history, Green was bullish about this year's prospects. He said bookings were up 10 per cent on last summer, despite the credit crunch, rising oil prices and increased competition, especially from Ryanair's expansion at Edinburgh airport.
The winter season had been the firm's strongest yet, Green said, with aircraft flying 82 per cent full – 4 percentage points up on last winter – despite a 6 per cent increase in seats.
He said: "Competition does not seem to be affecting us. We have regrouped and are stronger than ever."
Join Date: Apr 2003
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Certainly is time for megers/take overs and acquisitions.
Could SilverJet be on BMIs radar screen? Especially as cheap airframes are required for their mid/longhaul routes.
Latest news on SilverJet
LONDON (Thomson Financial) - Business airline Silverjet Plc. said it is in
talks about a potential takeover of the company.
The carrier, which flies from Luton to New York Newark and Dubai, said in a
statement that it had noted a recent increase in its share price.
"The company is currently in discussions which may or may not lead to an
offer for the issued share capital of the company," the group said. "A further
announcement will be made when appropriate."
Speculation has emerged about Silverjet's future following negative analyst
comment and results that disappointed investors.
One report suggested the business airline could become a takeover target for
easyJet Plc. after it said in January that it had appointed Amir Eilon, a former
board member of the budget carrier and friend of easyJet's largest shareholder
Stelios Haji-Ioannou, as a non-executive director.
In January, stockbroker Daniel Stewart initiated coverage on the airline
with a 'sell' rating and zero pence price target, saying it doubted the group's
business model. Silverjet hit back, saying it was confident the carrier would
achieve its first month of operating profit in March.
The group failed to achieve that target, but said earlier this month that it
flew 23 percent more passengers in March than it did in February.
In February, Silverjet said property tycoons the Reuben brothers had decided
against turning a 10 mln stg loan to the business airline into shares.
Silverjet launched services from the UK to the US in January last year. The
group's share price has fallen since it floated in 2006 and concerns have grown
about the feasibility of the all-business class, long-haul airline model since
US premium only carrier Maxjet Airways filed for bankruptcy late last year.
However, some analysts believe there could be space for different types of
premium-only carriers.
The group's shares closed at 15-1/4 pence on Wednesday. It floated on AIM in
May 2006 with a placing price of 112 pence per share.
Could SilverJet be on BMIs radar screen? Especially as cheap airframes are required for their mid/longhaul routes.
Latest news on SilverJet
LONDON (Thomson Financial) - Business airline Silverjet Plc. said it is in
talks about a potential takeover of the company.
The carrier, which flies from Luton to New York Newark and Dubai, said in a
statement that it had noted a recent increase in its share price.
"The company is currently in discussions which may or may not lead to an
offer for the issued share capital of the company," the group said. "A further
announcement will be made when appropriate."
Speculation has emerged about Silverjet's future following negative analyst
comment and results that disappointed investors.
One report suggested the business airline could become a takeover target for
easyJet Plc. after it said in January that it had appointed Amir Eilon, a former
board member of the budget carrier and friend of easyJet's largest shareholder
Stelios Haji-Ioannou, as a non-executive director.
In January, stockbroker Daniel Stewart initiated coverage on the airline
with a 'sell' rating and zero pence price target, saying it doubted the group's
business model. Silverjet hit back, saying it was confident the carrier would
achieve its first month of operating profit in March.
The group failed to achieve that target, but said earlier this month that it
flew 23 percent more passengers in March than it did in February.
In February, Silverjet said property tycoons the Reuben brothers had decided
against turning a 10 mln stg loan to the business airline into shares.
Silverjet launched services from the UK to the US in January last year. The
group's share price has fallen since it floated in 2006 and concerns have grown
about the feasibility of the all-business class, long-haul airline model since
US premium only carrier Maxjet Airways filed for bankruptcy late last year.
However, some analysts believe there could be space for different types of
premium-only carriers.
The group's shares closed at 15-1/4 pence on Wednesday. It floated on AIM in
May 2006 with a placing price of 112 pence per share.
Join Date: Mar 2002
Location: EDI, LHR, NQY
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BA does get the slots eventually, but bmi still has them for a while yet. After that, it will have to drop some routes or rotations to 'fit' the reduced number of slots.
Despite still having the ex-BMED slots, bmi have dropped a couple of routes and rotations in the past 18 months: INV and ALC/LYS have been axed and I think one of the DUB flights was dropped.
Despite still having the ex-BMED slots, bmi have dropped a couple of routes and rotations in the past 18 months: INV and ALC/LYS have been axed and I think one of the DUB flights was dropped.
