FlyBe - 6
Join Date: Mar 2003
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PURELY SPECULATIVE! But: Cityjet is reducing LCY, so LCY will be keen to attract additional custom. BE has the appropriate planes, do the DASH8/E175 need any steep approach equipment/training? Linked to this: Rumour is that FMO will announce a new London route to start in May, with an airline that has not previously flown regular FMO services...
Join Date: Aug 2002
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BE has the appropriate planes,
Speaking hypothetically... if Flybe were to open at LCY, what routes could be offered with a reasonable chance of profitability, particularly considering this year's base closures ? I'm struggling to think of many routes...
Last edited by davidjohnson6; 12th Feb 2014 at 14:46.
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The information below (Source: CAPA) from Flybe's interim results from 03FEB suggests that ten of the fourteen E195's will be grounded from Flybe operations leaving four to operate over the S14 season. At the end of S14, these four will also stop flying.
This only indicates that Flybe do not intend to use the aircraft themselves, and not that they wouldn't use them on contract flying opportunities if these presented themselves. The CEO has already commented that they are trying to minimise the impact of the aircraft grounding if possible.
As part of its restructuring programme (see below), Flybe will ground 10 Embraer E195 aircraft by the end of Mar-2014 and the remaining four of this type by the end of northern hemisphere summer 2014. CEO Saad Hammad told analysts on a conference call to discuss the 3Q results that the E195 does not make sense in the context of Flybe’s operations. He views the group’s turboprops as the core of the fleet, although there continues to be a role for the smaller regional jets.
Flybe is currently looking at ways to minimise the cost to Flybe of the planned aircraft groundings. These include discussions with third party airlines, including European flag carriers, about contract flying; and possible sub-leases or early hand-backs of leased aircraft (10 aircraft come to the natural end of their lease over the next 18 months anyway).
This only indicates that Flybe do not intend to use the aircraft themselves, and not that they wouldn't use them on contract flying opportunities if these presented themselves. The CEO has already commented that they are trying to minimise the impact of the aircraft grounding if possible.
As part of its restructuring programme (see below), Flybe will ground 10 Embraer E195 aircraft by the end of Mar-2014 and the remaining four of this type by the end of northern hemisphere summer 2014. CEO Saad Hammad told analysts on a conference call to discuss the 3Q results that the E195 does not make sense in the context of Flybe’s operations. He views the group’s turboprops as the core of the fleet, although there continues to be a role for the smaller regional jets.
Flybe is currently looking at ways to minimise the cost to Flybe of the planned aircraft groundings. These include discussions with third party airlines, including European flag carriers, about contract flying; and possible sub-leases or early hand-backs of leased aircraft (10 aircraft come to the natural end of their lease over the next 18 months anyway).
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I see that direct flights to Hannover has re-appeared in the SOU timetable but all flights when trying to book are routed through MAN.
Does anyone have anymore info on this
Does anyone have anymore info on this
Join Date: Apr 2002
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Flybe share issue
Flybe announced intention to raise £150m through new share issue of which £100m fully underwritten and £50m under open offer. To be used to increase liquidity, reduce fleet costs and develop new routes / additional white label flying.
Known in finance as a secondary equity public offering. Company is in trouble and board needs a pile of cash to turn around the business. Banks won't lend enough cash at an affordable interest rate and a bond issue just ain't gonna work either.
Board will need to present a clear case to shareholders as to why they should stump up so much cash in comparison to existing market capitalisation. Flybe will get the cash as the deal has been underwritten, but the airline is probably paying between £5m and £10m in underwriting fees
Board will need to present a clear case to shareholders as to why they should stump up so much cash in comparison to existing market capitalisation. Flybe will get the cash as the deal has been underwritten, but the airline is probably paying between £5m and £10m in underwriting fees
Last edited by davidjohnson6; 20th Feb 2014 at 10:04.
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You have to admire their chutzpah! Those investors in the original IPO paid 295p for their shares, only to see the price drop steadily to 40p or so (before recovering to the current 115p). Unless investors are really convinced that Hammad has got it right this time (unlike the previous management team) I'd be inclined to think of the old adage "once bitten twice shy".
Join Date: Jul 2011
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Don't suppose this is the right place to ask, but worth a shot.
I have booked CFN-DUB-LHR with BA for a few weeks time. I have been issued with a BA PNR and it appears under my executive club manage my bookings section. I can choose a seat etc for the DUB-LHR BA operated leg, but the Loganair/BE leg is pretty much just there for my information.
I tried the BA PNR on the BE website to see if I could manage my booking for that leg, but nothing happens. Anyone know how I can maybe select a seat in advance for that bit of the journey or even check in online for it as BA won't allow me to do that bit either.
Many thanks in advance.
I have booked CFN-DUB-LHR with BA for a few weeks time. I have been issued with a BA PNR and it appears under my executive club manage my bookings section. I can choose a seat etc for the DUB-LHR BA operated leg, but the Loganair/BE leg is pretty much just there for my information.
I tried the BA PNR on the BE website to see if I could manage my booking for that leg, but nothing happens. Anyone know how I can maybe select a seat in advance for that bit of the journey or even check in online for it as BA won't allow me to do that bit either.
Many thanks in advance.
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I don't think that they have the facilities for on line check in at CFN. As for seat selection on the CFN leg it is normally quiet so you will almost have the pick of any seat at check in, and if you don't get a seat you like, I am sure that if you have a word with the cabin crew, trim permitting, you will get to move. CFN is a long way from DUB and LHR, and I am not talking in terms of distance!
Join Date: Jul 2011
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News from the management team is that some of the funding (which is near approved, not a listing), will be to fund the 'older' larger aircraft, possibly 737 but more likely the ex easy 319's.... 
New bases being slated which will possibly use different aircraft than already operated, (not the 319's they will be on the BHX flightline) lots of development coming in the stated time frame, 12 to 24 months, so all will kick off next year...
New bases being slated which will possibly use different aircraft than already operated, (not the 319's they will be on the BHX flightline) lots of development coming in the stated time frame, 12 to 24 months, so all will kick off next year...
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Company is in trouble and board needs a pile of cash to turn around the business
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New bases being slated
Im sorry leg, you can put all the positive spin in the world to that, it still reeks of an airline without a clue. I mean, close all those bases to save money, and then go, 'look at all this money we have saved, lets open some new bases and lease new aircraft with it!'.
Flybe talk about using a big chunk of the £150m as being used to strengthen the balance sheet. This is code for "the company is under capitalised and badly needs more capital quickly". Lack of sufficient capital is the major cause of death of a very large number of firms who fail.