Bmibaby
Join Date: Feb 2001
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G-AWZK
Give it a break fella!!
I'm interested in anyone contribution based on some sort of reasoned thought process, however a trawl through your posting re baby are overwhelming negative and such a review shows that you are not nearly close to the facts, i neither know or care whether you have worked for bmi or baby or do now, but if you did work for the group you would be aware of the internal comms, which to date have been honest and accurate.
Most in the airline (baby) want it to work and like i believe that it can, given the correct investment and direction, the management team at baby now in place is in another world compared with what has gone before.
In a month or so either i will look a mug and you will look a smart arse or I will prove to be accurate and you can move on with your life. So if you have something to contribute, please do, if its just baseless anti baby bile, then give it a break (polite version)
I'm interested in anyone contribution based on some sort of reasoned thought process, however a trawl through your posting re baby are overwhelming negative and such a review shows that you are not nearly close to the facts, i neither know or care whether you have worked for bmi or baby or do now, but if you did work for the group you would be aware of the internal comms, which to date have been honest and accurate.
Most in the airline (baby) want it to work and like i believe that it can, given the correct investment and direction, the management team at baby now in place is in another world compared with what has gone before.
In a month or so either i will look a mug and you will look a smart arse or I will prove to be accurate and you can move on with your life. So if you have something to contribute, please do, if its just baseless anti baby bile, then give it a break (polite version)
Join Date: Nov 2006
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I find the drivel on consistent bmibaby threads, stating things like, 'I know what is happening, but I cant say', 'it's going to be in a 2 weeks', 'all will be revealed' blah blah to be total ridiculous. The most senior of the management know what is going on and LH etc. And the same senior managers wouldn't be on here saying those sort of comments.
We will all hear when we hear what is happening. Furthermore, it is common knowledge that the company is being sold and if any individual keeps saying 'its in 2 weeks' or 'all will be revealed, you'll see', these said individuals will eventually be right.
Warmest of thoughts to anyone who is working in bmibaby, I do hope that the outcome results in stability in your careers with company, irrespective of what guise it survives in.
EI-BUD
We will all hear when we hear what is happening. Furthermore, it is common knowledge that the company is being sold and if any individual keeps saying 'its in 2 weeks' or 'all will be revealed, you'll see', these said individuals will eventually be right.
Warmest of thoughts to anyone who is working in bmibaby, I do hope that the outcome results in stability in your careers with company, irrespective of what guise it survives in.
EI-BUD
Join Date: Jan 2007
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EI-BUD
Your comments are harsh this is a discussion forum, "rumour network" as its title states I believe, and people are just putting there point of views across.
If people did what you suggest and just leave the management to announce ..there would be absolutely no point in this discussion forum whatsoever, and instead just need to read a business newspaper for official press releases !
Nigel
Your comments are harsh this is a discussion forum, "rumour network" as its title states I believe, and people are just putting there point of views across.
If people did what you suggest and just leave the management to announce ..there would be absolutely no point in this discussion forum whatsoever, and instead just need to read a business newspaper for official press releases !
Nigel
Join Date: Nov 2006
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nigel o,
you make a fair and reasonable point, you are absolutely right. Of course we cant rely on management to post the info here, but there are the same posters coming on saying they are in the know, and this in my view has been the same few for ages, the same one in my view, have no information at all, yet suggest they do.
there is a difference between 'point of view' and 'this is what is going to happen'.
I dont meant to be harsh, I genuinely do enjoy the contribution of the posters on this forum, so if I have offended anybody.. apologies...
ei-bud
you make a fair and reasonable point, you are absolutely right. Of course we cant rely on management to post the info here, but there are the same posters coming on saying they are in the know, and this in my view has been the same few for ages, the same one in my view, have no information at all, yet suggest they do.
there is a difference between 'point of view' and 'this is what is going to happen'.
I dont meant to be harsh, I genuinely do enjoy the contribution of the posters on this forum, so if I have offended anybody.. apologies...
ei-bud
Join Date: Jun 2001
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One thing is for sure from my point of view ,if i see the words "management" and "buy out"on the same press release then me and a lot more like me won't be flying here.I hope that it doesn't come to that and that we have enough pilots come the summer.
I would agree though that we do have the best we have ever had in charge at the moment, just that times have moved on and its hard times in aviation and i don't see the level of investment needed being that easy to come by.
I would agree though that we do have the best we have ever had in charge at the moment, just that times have moved on and its hard times in aviation and i don't see the level of investment needed being that easy to come by.
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EI-BUD
think we are all bit frustrated this is taking so long. As you correctly pointed out we have to feel for BMI Baby employees, must be an agonising wait.
Lets hope for them,passengers and BHX that when it is announced it will be a decent company.
Nigel
think we are all bit frustrated this is taking so long. As you correctly pointed out we have to feel for BMI Baby employees, must be an agonising wait.
Lets hope for them,passengers and BHX that when it is announced it will be a decent company.
Nigel
Join Date: Sep 2006
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Press Release
Date: 1 February 2012
bmi signs term sheet for the sale of bmibaby
bmi has confirmed that it has signed a term sheet for the sale of bmibaby to a UK based company. The intended sale comprises 100 per cent of the shares of bmibaby, all assets and liabilities used in the bmibaby business including the aircraft fleet, the existing route network and the continued employment of the existing staff. The term sheet is non-exclusive and enables bmi to continue discussions with other interested parties.
It is envisaged that the legally binding transaction documents will be signed in the first quarter of 2012 and the completion of the transaction would occur shortly after this, subject to regulatory approval.
The new potential owner would continue to use the existing brand name for an interim period. The currently published summer 2012 schedule would continue as planned and customers can continue to book flights via bmibaby.com and via the bmibaby call centre.
bmibaby’s head office would remain in the Midlands and the airline would operate from its three existing bases in the UK: East Midlands, Birmingham and Belfast City. The potential new owner plans to further develop the low fare network in the UK and Europe.
bmi and the buyer have agreed not to disclose any financial aspects of the planned transaction.
bmi is pleased with the opportunity that this transaction gives to the bmibaby business enabling it to be an independent airline with great future prospects. Following the proposed sale, bmibaby’s loyal customers will continue to benefit from the airline's great low fares, wide choice of destinations and high level of service.
Ends.
bmi signs term sheet for the sale of bmibaby
bmi has confirmed that it has signed a term sheet for the sale of bmibaby to a UK based company. The intended sale comprises 100 per cent of the shares of bmibaby, all assets and liabilities used in the bmibaby business including the aircraft fleet, the existing route network and the continued employment of the existing staff. The term sheet is non-exclusive and enables bmi to continue discussions with other interested parties.
It is envisaged that the legally binding transaction documents will be signed in the first quarter of 2012 and the completion of the transaction would occur shortly after this, subject to regulatory approval.
The new potential owner would continue to use the existing brand name for an interim period. The currently published summer 2012 schedule would continue as planned and customers can continue to book flights via bmibaby.com and via the bmibaby call centre.
bmibaby’s head office would remain in the Midlands and the airline would operate from its three existing bases in the UK: East Midlands, Birmingham and Belfast City. The potential new owner plans to further develop the low fare network in the UK and Europe.
bmi and the buyer have agreed not to disclose any financial aspects of the planned transaction.
bmi is pleased with the opportunity that this transaction gives to the bmibaby business enabling it to be an independent airline with great future prospects. Following the proposed sale, bmibaby’s loyal customers will continue to benefit from the airline's great low fares, wide choice of destinations and high level of service.
Ends.
Not heard the expression 'term sheet' before. Presumably they mean 'Heads of Agreement'. But those normally confirm exclusivity for a period. It's odd that there is no exclusivity - I would take that to mean that either the purchaser is wary, or the vendor has another potential purchaser in the wings.
In any case, the fat lady is far from singing yet....
In any case, the fat lady is far from singing yet....
Join Date: May 2011
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A term sheet is a good thing to use in publications to try and persuade the public to continue booking because it isn't a guarantee, nor is it something the public understands entirely.
Good to see it being a UK Company that's interested though!
Good to see it being a UK Company that's interested though!
Chieftan o'the Pudden Race
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Jet2 would be a logical buyer.
Not too sure if logic plays much of a role in this though. Partly I wonder if this is just a way of trying to convince the travelling public that Baby is still financially safe to fly with. It wouldn't surprise me if bookings have gone off a cliff recently.
Not too sure if logic plays much of a role in this though. Partly I wonder if this is just a way of trying to convince the travelling public that Baby is still financially safe to fly with. It wouldn't surprise me if bookings have gone off a cliff recently.
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Is the travelling public really that aware of what is happening with baby? I've not really seen much in the news - it all tends to refer to BMI.
How likely is Joe Bloggs, booking his bucket and spade trip like he does every year, going to research the company he is booking with to see if it has a stable future?
How likely is Joe Bloggs, booking his bucket and spade trip like he does every year, going to research the company he is booking with to see if it has a stable future?
Join Date: Aug 2004
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unlikely to be jet2
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From the Bloomberg article: "Intro Aviation would draw on its experience in turning around former British Airways unit Deutsche BA and Germany’s LTU, he said." - so a merger with Air Berlin somewhere down the line then. Let's hope AB recovers from its current position!
