FlyBe - 6
Join Date: Jun 2008
Location: Scotland
Posts: 6
Likes: 0
Received 0 Likes
on
0 Posts
correct!
user virginblue makes a point.
you list that air france would not have any use or interest in flybe. but you contradict yourself in your statement, saying that air france doesnt want any regional airlines, and then proceed to reel off a long list of airlines they purchased that can only survive on regional, and small city business.
I think you should look closer at the monopoly that any airline would have in the UK should they purchase, and possibly re-brand that company.
Statistics from CAA show that FLYBE is the 3rd largest employer of Pilots and Cabin crew with about 7.5 million passengers, mainly business. A nice money spinner.
the main question I hear everyone asking in our crew room, is what is that company up to next.
Any ideas around the UK network?
you list that air france would not have any use or interest in flybe. but you contradict yourself in your statement, saying that air france doesnt want any regional airlines, and then proceed to reel off a long list of airlines they purchased that can only survive on regional, and small city business.
I think you should look closer at the monopoly that any airline would have in the UK should they purchase, and possibly re-brand that company.
Statistics from CAA show that FLYBE is the 3rd largest employer of Pilots and Cabin crew with about 7.5 million passengers, mainly business. A nice money spinner.
the main question I hear everyone asking in our crew room, is what is that company up to next.
Any ideas around the UK network?
Why does anyone imagine that that the staff will be told anything at all before a Stock Market announcement (or whatever)? As with all these types of business deals the staff will be the last to be told.
Join Date: Mar 2003
Location: Europe
Posts: 2,175
Likes: 0
Received 0 Likes
on
0 Posts
you list that air france would not have any use or interest in flybe. but you contradict yourself in your statement, saying that air france doesnt want any regional airlines, and then proceed to reel off a long list of airlines they purchased that can only survive on regional, and small city business.
Air France has regional airlines to provide French domestic services and CDG/LYS feed from European destinations (Brit Air, Régional), to provide AMS feed (KLM cityhopper), to provide feed from the UK/Ireland (Cityjet) and to serve LCY (Cityjet/VLM). Where exactly into that picture fits Flybe? If some more feed from the UK to CDG is needed, this can easily be done by Brit Air, Régional or Cityjet, you do not need an additional airline for that. So the only reason why Air France would be interested is either Flybe'e UK domestic services or Flybe's operation to French regional airports from the UK. But why should they be? Air France has systematically cut back almost all flights from the regions and routes almost all traffic via LYS and PAR (ironically, Brit Air was founded in the 1970s as a carrier to serve the UK from regional airports in western france). And I do not really see them as the big player on the UK domestic market. What remains? They could use Flybe as a bargaining chip against trade unions, but for that purpose they already have Cityjet. And finally it could be a preemptive move to keep Flybe away from setting up shop in France with bases. Not the most likely scenario.
Join Date: Jun 2008
Location: Scotland
Posts: 6
Likes: 0
Received 0 Likes
on
0 Posts
floatation
just spoke to someone in flybe, apparently their CEO has put a note up on the crew room walls a while back saying the staff would be the first to know, and that there was NO plan to float the company.
Join Date: Oct 2008
Location: UK
Posts: 361
Likes: 0
Received 0 Likes
on
0 Posts
There is every intention to float the company - it has been a well known fact of the company strategy for many years and JF has stated this many times.
However, no flotation will take place until the necessary conditions to attract investors into the market prevail. There has recently been a move in this direction with a number of recent small flotations, but as the poster above states, the problems with the Irish economic bailout and the worries over Portugal and Spain have knocked investor confidence. Once again, I suspect the float has been put on hold.
However, no flotation will take place until the necessary conditions to attract investors into the market prevail. There has recently been a move in this direction with a number of recent small flotations, but as the poster above states, the problems with the Irish economic bailout and the worries over Portugal and Spain have knocked investor confidence. Once again, I suspect the float has been put on hold.
Join Date: May 2007
Location: LGW
Age: 50
Posts: 268
Likes: 0
Received 0 Likes
on
0 Posts
Airline Flybe plans £60 million London listing
Print
Companies:BRITISH AIRWAYSEurope
Topics
irector DealingsNew Issues (IPOs)International
Related Quotes
Symbol Price Change
BABWF.PK 4.50 0.00
^REURTRUSD 1,736.45 0.00
7:42, Tuesday 30 November 2010
LONDON (Reuters) - Budget airline Flybe plans to raise 60 million pounds through a London initial public offering (IPO) in December, the company said on Tuesday.
Flybe said it would use half of the proceeds of the offering, which will be made up of new shares, to fund its aircraft fleet expansion, and the other half to strengthen its cash position.
"A listing will assist Flybe in achieving the next stage in its exciting strategy for growth," the airline's chief executive Jim French said in a statement.
British Airways (BABWF.PK - news) said it planned to subscribe for enough shares in the offer to maintain its existing 15 percent stake in Flybe.
Flybe acquired BA Connect, the former regional airline business of British Airways, in 2007, making it Europe (news) 's largest regional airline.
The carrier, which focuses on niche UK routes, has tried to float several times but has been forced to shelve plans because of tough market conditions.
"We are delighted to participate in the Flybe IPO," BA Chief Executive Willie Walsh said in a statement.
"We are committed to supporting Flybe in its listing and capital raising."
Bank of America Merrill Lynch is the sole global coordinator and bookrunner on the offer.
Companies:BRITISH AIRWAYSEurope
Topics
irector DealingsNew Issues (IPOs)InternationalRelated Quotes
Symbol Price Change
BABWF.PK 4.50 0.00
^REURTRUSD 1,736.45 0.00
7:42, Tuesday 30 November 2010
LONDON (Reuters) - Budget airline Flybe plans to raise 60 million pounds through a London initial public offering (IPO) in December, the company said on Tuesday.
Flybe said it would use half of the proceeds of the offering, which will be made up of new shares, to fund its aircraft fleet expansion, and the other half to strengthen its cash position.
"A listing will assist Flybe in achieving the next stage in its exciting strategy for growth," the airline's chief executive Jim French said in a statement.
British Airways (BABWF.PK - news) said it planned to subscribe for enough shares in the offer to maintain its existing 15 percent stake in Flybe.
Flybe acquired BA Connect, the former regional airline business of British Airways, in 2007, making it Europe (news) 's largest regional airline.
The carrier, which focuses on niche UK routes, has tried to float several times but has been forced to shelve plans because of tough market conditions.
"We are delighted to participate in the Flybe IPO," BA Chief Executive Willie Walsh said in a statement.
"We are committed to supporting Flybe in its listing and capital raising."
Bank of America Merrill Lynch is the sole global coordinator and bookrunner on the offer.
Join Date: Jun 2000
Location: UK
Posts: 450
Likes: 0
Received 0 Likes
on
0 Posts
Flybe to float on London Stock Market
Flybe to float early 2011.
Employees cashing in and BA to buy 15 percent with Air France.
Jim French to pocket 5million.
All to aid expansion.
Employees cashing in and BA to buy 15 percent with Air France.
Jim French to pocket 5million.
All to aid expansion.
The press release, as I read it, does not say anything about Air France buying any shares. It does say that BA and AF both codeshare with Flybe, and then goes on to say that BA will buy additional shares from those now newly offered, to maintain a 15% overall ownership.
How many Embraers do you get for £60m, in comarison to the current total fleet size ? I would have thought not a great percentage fleet increase.
How many Embraers do you get for £60m, in comarison to the current total fleet size ? I would have thought not a great percentage fleet increase.
Join Date: Oct 2010
Location: Terra firma
Posts: 142
Likes: 0
Received 0 Likes
on
0 Posts
UPDATE: Flybe To List On London Stock Exchange With GBP60M Float - WSJ.com
Flybe Group To Float On Stock Exchange - Yahoo! News UK
Flybe Group To Float On Stock Exchange - Yahoo! News UK
Last edited by Jabiman; 30th Nov 2010 at 09:28. Reason: added better link
Join Date: Jul 2006
Location: UK
Age: 48
Posts: 278
Likes: 0
Received 0 Likes
on
0 Posts
Says in Humberside thread that BE are to considerably increase their offerings from HUY next summer.
Its called parking your tanks on Eastern's lawn. Bit like North Korea shelling the South and saying whatll you
do about that pal?
Its called parking your tanks on Eastern's lawn. Bit like North Korea shelling the South and saying whatll you
do about that pal?
Fit like min?
Join Date: Nov 2004
Location: ...
Posts: 2,126
Likes: 0
Received 0 Likes
on
0 Posts
eastern have so few routes ex HUY I don't suppose they'll be bothered. And I can't see Flybe trying ABZ...insufficient demand for a Saab340, never mind a DH8D. Flybe didn't manage to oust T3 in their half-hearted attempts at SOU & ncl routes to ABZ previously.
Join Date: Feb 2003
Location: Plymouth
Posts: 9
Likes: 0
Received 0 Likes
on
0 Posts
Flybe plans to join stock market
Hi guys, saw this on the BBC:
Exeter-based regional airline Flybe says it plans to issue £60m in new shares and join the stock market.
The operator, which has the most domestic UK routes of any airline, says this will help it to expand.
BA, which along with Air France operates code-share routes with Flybe, says it plans to maintain its 15% stake in the company.
The airline started out in 1979 as Jersey European Airways, eventually renaming itself Flybe in 2002.
It acquired British Airways' UK internal flights subsidiary - BA Connect - in 2007, and is now seeking to roll out its "regional" business model across the rest of Europe.
It specialises in short-hop flights, lasting one hour or less, and using smaller aircraft than its rivals.
Flybe's chairman, Jim French, said at the time of its last profit figures in September that it was "one of only three major European airlines that have reported profits throughout the recession".
Exeter-based regional airline Flybe says it plans to issue £60m in new shares and join the stock market.
The operator, which has the most domestic UK routes of any airline, says this will help it to expand.
BA, which along with Air France operates code-share routes with Flybe, says it plans to maintain its 15% stake in the company.
The airline started out in 1979 as Jersey European Airways, eventually renaming itself Flybe in 2002.
It acquired British Airways' UK internal flights subsidiary - BA Connect - in 2007, and is now seeking to roll out its "regional" business model across the rest of Europe.
It specialises in short-hop flights, lasting one hour or less, and using smaller aircraft than its rivals.
Flybe's chairman, Jim French, said at the time of its last profit figures in September that it was "one of only three major European airlines that have reported profits throughout the recession".