FlyBe - 6
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FLYBE being bought by Air France
Anyone else heard that flybe is being taken over by air france soon? Floatation doesnt appear to be an option for flybe, but rumoured to be being bought by air france.
TV's are up in every crew room, managers have had huge pay rises, as after the takeover they will not be able to get pay rises?
This all while the pilots are arguing about their own pay!, it would appear that after the takeover the managers will direct balpa to air france for any pay deal, while shrugging their management shoulders saying, nothing we can do.
Nothing being said since the company delayed the announcement this week. And all is quiet I hear in the bases. Its clear that people know at each base. Also that BALPA know what is going on, and I hear as usual the staff are in the dark...
anyone have anymore info?
TV's are up in every crew room, managers have had huge pay rises, as after the takeover they will not be able to get pay rises?
This all while the pilots are arguing about their own pay!, it would appear that after the takeover the managers will direct balpa to air france for any pay deal, while shrugging their management shoulders saying, nothing we can do.
Nothing being said since the company delayed the announcement this week. And all is quiet I hear in the bases. Its clear that people know at each base. Also that BALPA know what is going on, and I hear as usual the staff are in the dark...
anyone have anymore info?
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So how would Balpa fare in a head to head with Air France!?
Or will you all have to leave Balpa and join the SNPL? At least the SNPL appear to be proactive.
Who knows, this could be good for the remaining Flybe pilots.
Or will you all have to leave Balpa and join the SNPL? At least the SNPL appear to be proactive.
Who knows, this could be good for the remaining Flybe pilots.
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Walker Family Trust have a 69% stake
BA 15%
Jim French 7%
Employees 9%
Source: Financial Times
I presume therefore any floatation would be to allow BA to sell their stake
Worth noting that when I looked the above info up, the Walker Family Trust only said they initally had no plans to sell their stake - so longer term they may reduce their shareholding
BA 15%
Jim French 7%
Employees 9%
Source: Financial Times
I presume therefore any floatation would be to allow BA to sell their stake
Worth noting that when I looked the above info up, the Walker Family Trust only said they initally had no plans to sell their stake - so longer term they may reduce their shareholding
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FLybe being bought by air france
Well, the fact remains that whatever flybe is planning, they are well and truly keeping the pilots and cabin crew at bay.
There seems to be a concerted effort I hear to keep quiet about this announcement. you would think they would just be truthful with their staff, but it sounds like its getting more and more difficult to consider them as an employer.
Their ability to consider their staff day to day is bad enough. Stories of demands from crewing and operations are ripe in that company.
as for any share sale, i dont believe BA will buy any, as a matter of fact, if BA can get any money for its shares, they will sell.
I think the air france deal, may result in ownership of flybe. its explains the stories about management pay rises, and unsecured loans with interest being paid by the company. These loans were to managers so they can buy shares.
If they knew they were going to float, via air france or not. This is nothing other than insider dealing. And I am sure there must be some jail time for that!.
plenty of them could do with a little. As it might remind every airline that the pilots and cabin crew are what allow them to have a job directing operations.
Its time every pilot everywhere, stood up and said...NO, enough is enough. we need to stop getting messed around by these companies. If you cant afford to take a duty of care in your staff, the same way they have a duty of care to the companies passengers, then we should all be striking, everywhere.
I look forward to some replies, and some info on the state of affairs inside this flybe company.
There seems to be a concerted effort I hear to keep quiet about this announcement. you would think they would just be truthful with their staff, but it sounds like its getting more and more difficult to consider them as an employer.
Their ability to consider their staff day to day is bad enough. Stories of demands from crewing and operations are ripe in that company.
as for any share sale, i dont believe BA will buy any, as a matter of fact, if BA can get any money for its shares, they will sell.
I think the air france deal, may result in ownership of flybe. its explains the stories about management pay rises, and unsecured loans with interest being paid by the company. These loans were to managers so they can buy shares.
If they knew they were going to float, via air france or not. This is nothing other than insider dealing. And I am sure there must be some jail time for that!.
plenty of them could do with a little. As it might remind every airline that the pilots and cabin crew are what allow them to have a job directing operations.
Its time every pilot everywhere, stood up and said...NO, enough is enough. we need to stop getting messed around by these companies. If you cant afford to take a duty of care in your staff, the same way they have a duty of care to the companies passengers, then we should all be striking, everywhere.
I look forward to some replies, and some info on the state of affairs inside this flybe company.
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If (and its a big If) BA were to purchase a higher stake, I really doubt it'd be the death of BE.
Whilst everyone likes to bring up the whole Brymon, Manx & Cityflyer thing, it really isn't a fair comparison. Those airlines were tiny when compared to the likes of BE, and they were facing competition from, well, BE (and its predecessors) and a myriad of other airlines. BE faces relatively little competition on the routes it operates compared to the bad old days.
I think there is perhaps room for BA to purchase a higher stake, and integrate more. But whether it's the right decision at this stage is open for debate.
Whilst everyone likes to bring up the whole Brymon, Manx & Cityflyer thing, it really isn't a fair comparison. Those airlines were tiny when compared to the likes of BE, and they were facing competition from, well, BE (and its predecessors) and a myriad of other airlines. BE faces relatively little competition on the routes it operates compared to the bad old days.
I think there is perhaps room for BA to purchase a higher stake, and integrate more. But whether it's the right decision at this stage is open for debate.
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Bournemouth back?
Bournemouth is listed on the website as having service to Glasgow, Endinburgh, Belfast City, Inverness and Isle of Man.
Is this a case of forgetting to remove the 'connection' listings or does it mean that Flybe are close to announcing these services?
Is this a case of forgetting to remove the 'connection' listings or does it mean that Flybe are close to announcing these services?
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I just can't see BA wanting any more shares, why would they? We are worth nothing to BA's business model at all and do not fit in anywhere. They only requested 15% of Flybe during the BACon takeover because they could get something out of offloading it's loss making subsidiary without doing alot in return. Now it is time for BA to cash in.
The only real value we have to BA is the LGW slots, but who knows the future of BA at LGW?
The only real value we have to BA is the LGW slots, but who knows the future of BA at LGW?
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Not sure why Air France would be interested in buying Flybe. They are interested in feed to AMS, CDG and LYS, and when push comes to shove, they have Cityjet and the ex Air UK arm of KLM cityhopper to provide that feed. Don't see what Flybe would add to that other than domestic flights in the UK and a LCC-style operation to French regional airports - competition which probably does not warrant buying flybe as Air France was never interested in that type of service. If Air France can add some-code shares on the few hub-services by Flybe as they have already done, that's fine - but other than that I do not see the point buying Flybe. After all, Air France already has a motley collection of regional subsidiaries for all kinds of purposes (Régional, Brit Air, KLM cityhopper, Cityjet, VLM etc.).
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Air France already has a motley collection of regional subsidiaries for all kinds of purposes (Régional, Brit Air, KLM cityhopper, Cityjet, VLM etc.).