FlyBe - 6
Join Date: Jul 2009
Location: Regrettably far from 50°N
Posts: 917
Likes: 0
Received 0 Likes
on
0 Posts
Nope, lots of infrastructure work been done to satisfy Embraer requirements.
Tests by the airport showed that the E175 could have started services before the Airport 2040 work, had they been available. But Flybe chose to deploy its first 175s to LGW and MAN - more lucrative, but no reason to put them into Guernsey with no imminent threat of the Blurigny merger.
Their argument over runway strength was going to backfire from the beginning, given that the reason the E195 hasn't been used in GCI is runway length (not strength) and that Aurigny occasionally charters a Titan 733 when its own aircraft are tech... no problems with runway strength/length here.
It was a bit of a publicity stunt, but at least Guernsey gets its first regular jet service since the last 146 left... I'll certainly be using it. Confirmation here, hope that clears a few things up.
Join Date: Sep 2010
Location: England
Posts: 1,955
Likes: 0
Received 0 Likes
on
0 Posts
But Flybe chose to deploy its first 175s to LGW and MAN
our passengers will welcome the Embraer jet on this route with its added comfort, quietness and speed
Last edited by Lord Spandex Masher; 5th Feb 2013 at 09:46.
Join Date: Jan 2001
Location: uk
Posts: 474
Likes: 0
Received 0 Likes
on
0 Posts
Shame it will be crewed by UK crew night stopping over local crew(who are looking at loss of 10 pilot jobs). Hope the Guernsey tax man taxes these crew for their time in Guernsey, the same way the UK tax-man taxed the Guernsey based crews for their walk-rounds in LGW and SOU.
Last edited by hapzim; 5th Feb 2013 at 13:16.
Join Date: Jul 2009
Location: Regrettably far from 50°N
Posts: 917
Likes: 0
Received 0 Likes
on
0 Posts
Aero Mad, so you suggest flybe go against what the manufacturer recommends, your are your name right enough, MAD 
Join Date: Mar 2001
Location: Down a Tin mine......
Posts: 438
Likes: 0
Received 0 Likes
on
0 Posts
announced to the LSE this morning Flybe reaches agreement with Ryanair:-
RNS Number : 2043X
Flybe Group PLC
06 February 2013
Flybe Group plc
FLYBE GROUP REACHES AGREEMENT WITH RYANAIR TO CREATE FLYBE IRELAND IN THE EVENT OF A SUCCESSUL BID BY RYANAIR FOR AER LINGUS
The Board of Flybe Group plc ('Flybe') has today announced that it has reached agreement with Ryanair Holdings PLC ('Ryanair') over the possible transfer of a number of aircraft and operating routes as part of a package of remedies that Ryanair has submitted to the European Commission DG Competition ('EC'), in the context of its offer for Aer Lingus Group PLC ('Aer Lingus')
The proposed transaction is contingent upon the EC's approval of Ryanair's proposed remedies and a successful bid by Ryanair for Aer Lingus. If Ryanair's acquisition of Aer Lingus is completed, Flybe expects to seek formal shareholder approval for the acquisition of Flybe Ireland from Ryanair in early Autumn 2013.
Flybe also announces that it has received irrevocable acceptances representing 64% of the shareholders in support of this possible transaction. The European Commission had insisted on the pledging of irrevocable acceptances by over 50% of Flybe's shareholders as a condition precedent for the deal to create Flybe Ireland proceeding.
ENQUIRIES:
Flybe
Jim French, Chairman & Chief Executive Officer
Andrew Knuckey, Chief Financial Officer
SUMMARY
· The Board of Flybe has reached agreement with Ryanair to create a well-capitalised, well-funded business in Ireland in the event that Ryanair completes the takeover of Aer Lingus.
· The Board believes that the opportunity to serve the Irish aviation market is in line with its published strategy, and its previous solid track record of successful acquisitions.
THE TRANSACTION
· Flybe has agreed to acquire a new company, Flybe Ireland, from Ryanair for €1 million.
· Prior to its acquisition by Flybe, Ryanair has agreed to transfer to Flybe Ireland:
o 43 routes, all within Europe, many to or from current Flybe destinations;
o The requisite number of slots and licences to operate the routes;
o A minimum of 9 Airbus A320 aircraft;
o The requisite number of flight crew, aircraft engineers, management and facilities to operate the business;
o A cash injection of €100 million;
o All forward sales cash and liabilities, estimated at a further circa €50m in working capital funding.
· Ryanair in consultation with Flybe will undertake to develop a one year business plan to deliver a cost structure that based on the assumption that the preceding year's revenue remains the same, would provide €20 million in pre-tax profits in the 12 months following the transfer to Flybe Ireland. In the event that the business plan does not project €20 million in pre-tax profits, there is an agreed adjustment mechanism factored into the €100 million cash contribution referred to above.
FLYBE IRELAND
· Flybe Ireland will:
o Operate from bases in Dublin and Cork;
o Operate 43 routes to 34 destinations in Europe. Flybe currently operates to approximately half of those destinations in its Flybe UK business;
o Deploy Flybe's frequency model on the major city pairs, and its leisure model on the European leisure markets;
o Have the right to use the Aer Lingus brand for up to three years post the transaction. This will allow it to develop its own brand position in Ireland during a realistic transition period.
COMMITMENTS MADE BY FLYBE TO RYANAIR AS PART OF THE EC REMEDY PACKAGE
· Flybe Ireland will be committed to operating an agreed frequency on routes, with the ability to terminate a certain number of routes per year whilst maintaining stable capacity in the Irish market.
· If Flybe Ireland exceeds the route termination threshold, it will pay a contractual penalty.
THE EXPECTED TIMETABLE
Outlined below is the expected timetable:
· March 2013
o On 6 March 2013, EC is scheduled to give a decision on the competition aspects of Ryanair's bid for Aer Lingus.
o If the EC gives the agreement for Ryanair's bid for Aer Lingus to proceed, Ryanair may then re-activate its bid with a view to gaining sufficient acceptances from Aer Lingus shareholders.
· May 2013
o If the Ryanair bid is reactivated and is successful, Flybe would expect the deal to close on or around mid May.
· Summer 2013:
o If the Ryanair bid for Aer Lingus has been successful, Flybe will undertake due diligence on the new entity.
o It is expected that the Class 1 Circular will be completed and posted to Shareholders in August 2013, followed by an EGM for shareholders to vote.
· October 2013:
o The effective date of the transaction is envisaged to be October 2013 with Flybe Ireland commencing operations under Flybe's ownership at the beginning of the 2013/14 IATA winter season.
WHY THE BOARD BELIEVES THE TRANSACTION TO BE BENEFICIAL TO FLYBE GROUP SHAREHOLDERS
The Board of Flybe believes that the transaction offers the following benefits to its shareholders:
· As stated at IPO, the Group's strategy is to diversify away from its reliance upon UK revenue. This opportunity is a good mixture of diversification, and overlap with its existing route network, to fulfil this goal.
· Flybe has existing presence and network points at approximately half of the 34 destinations in the 43 route package.
· Flybe Ireland will be a well-capitalised company, with approximately €150m of cash on the balance sheet, including the one off capitalisation by Ryanair, and the transfer of the forward sales cash within Aer Lingus at the time of the transaction.
· Flybe Ireland will increase Flybe's ability to drive further economies of scale from fleet basing, suppliers and airports, as part of this transaction.
· Flybe has proven expertise in the acquisition and turnaround of acquired entities:
· In March 2007, Flybe acquired British Airways' UK regional airline, BA Connect, a business losing £40m per year at acquisition. The business was fully integrated into Flybe within 12 months, and made profits by the end of its first year of ownership. At the time of its acquisition the business had 39 aircraft, 1,700 staff and £350m of revenue.
· In August 2011, Flybe acquired the loss making Finncomm Airlines (Finland based), in a joint venture with Finnair. This business has been restructured and refocused, and as a result has delivered substantial growth with an expectation of profits in 2013/14 in line with the original acquisition plan. The business now has a €300m turnover and operates 28 aircraft.
Commenting on today's announcement Jim French, Flybe's Chairman and Chief Executive Officer, said:
"Flybe would be delighted to be granted the opportunity to service the Irish aviation market through Flybe Ireland, an airline which would be based in Ireland and dedicated to developing a broad range of scheduled services for business and leisure markets.
"This development of creating a Dublin based airline is in line with the Company's stated strategy at the time of IPO - which was to diversify away from reliance upon the UK economy. The terms of the deal negotiated ensure that Flybe Ireland will be a well-capitalised, well-funded company, enabling us to deliver upon that strategic aim. Flybe has a history of acquiring businesses of scale, restructuring and refocusing them and as a result delivering profitable returns. This opportunity plays clearly to that corporate strength.
"Flybe would be proud to have the chance to serve the Irish markets, and would be, as we seek to be throughout the rest of Europe, a good employer and corporate citizen.
"However, before Flybe Ireland can come into being there are many hurdles to overcome, not least the EC accepting the remedies offered by Ryanair in its offer to take over Aer Lingus, and then the shareholders of Aer Lingus accepting an offer from Ryanair. However, Flybe has positioned itself well if these events come to pass, while in the meantime we continue to focus upon the delivery of the cost reduction and efficiency plan we outlined in January".
6 February 2013
RNS Number : 2043X
Flybe Group PLC
06 February 2013
Flybe Group plc
FLYBE GROUP REACHES AGREEMENT WITH RYANAIR TO CREATE FLYBE IRELAND IN THE EVENT OF A SUCCESSUL BID BY RYANAIR FOR AER LINGUS
The Board of Flybe Group plc ('Flybe') has today announced that it has reached agreement with Ryanair Holdings PLC ('Ryanair') over the possible transfer of a number of aircraft and operating routes as part of a package of remedies that Ryanair has submitted to the European Commission DG Competition ('EC'), in the context of its offer for Aer Lingus Group PLC ('Aer Lingus')
The proposed transaction is contingent upon the EC's approval of Ryanair's proposed remedies and a successful bid by Ryanair for Aer Lingus. If Ryanair's acquisition of Aer Lingus is completed, Flybe expects to seek formal shareholder approval for the acquisition of Flybe Ireland from Ryanair in early Autumn 2013.
Flybe also announces that it has received irrevocable acceptances representing 64% of the shareholders in support of this possible transaction. The European Commission had insisted on the pledging of irrevocable acceptances by over 50% of Flybe's shareholders as a condition precedent for the deal to create Flybe Ireland proceeding.
ENQUIRIES:
Flybe
Jim French, Chairman & Chief Executive Officer
Andrew Knuckey, Chief Financial Officer
SUMMARY
· The Board of Flybe has reached agreement with Ryanair to create a well-capitalised, well-funded business in Ireland in the event that Ryanair completes the takeover of Aer Lingus.
· The Board believes that the opportunity to serve the Irish aviation market is in line with its published strategy, and its previous solid track record of successful acquisitions.
THE TRANSACTION
· Flybe has agreed to acquire a new company, Flybe Ireland, from Ryanair for €1 million.
· Prior to its acquisition by Flybe, Ryanair has agreed to transfer to Flybe Ireland:
o 43 routes, all within Europe, many to or from current Flybe destinations;
o The requisite number of slots and licences to operate the routes;
o A minimum of 9 Airbus A320 aircraft;
o The requisite number of flight crew, aircraft engineers, management and facilities to operate the business;
o A cash injection of €100 million;
o All forward sales cash and liabilities, estimated at a further circa €50m in working capital funding.
· Ryanair in consultation with Flybe will undertake to develop a one year business plan to deliver a cost structure that based on the assumption that the preceding year's revenue remains the same, would provide €20 million in pre-tax profits in the 12 months following the transfer to Flybe Ireland. In the event that the business plan does not project €20 million in pre-tax profits, there is an agreed adjustment mechanism factored into the €100 million cash contribution referred to above.
FLYBE IRELAND
· Flybe Ireland will:
o Operate from bases in Dublin and Cork;
o Operate 43 routes to 34 destinations in Europe. Flybe currently operates to approximately half of those destinations in its Flybe UK business;
o Deploy Flybe's frequency model on the major city pairs, and its leisure model on the European leisure markets;
o Have the right to use the Aer Lingus brand for up to three years post the transaction. This will allow it to develop its own brand position in Ireland during a realistic transition period.
COMMITMENTS MADE BY FLYBE TO RYANAIR AS PART OF THE EC REMEDY PACKAGE
· Flybe Ireland will be committed to operating an agreed frequency on routes, with the ability to terminate a certain number of routes per year whilst maintaining stable capacity in the Irish market.
· If Flybe Ireland exceeds the route termination threshold, it will pay a contractual penalty.
THE EXPECTED TIMETABLE
Outlined below is the expected timetable:
· March 2013
o On 6 March 2013, EC is scheduled to give a decision on the competition aspects of Ryanair's bid for Aer Lingus.
o If the EC gives the agreement for Ryanair's bid for Aer Lingus to proceed, Ryanair may then re-activate its bid with a view to gaining sufficient acceptances from Aer Lingus shareholders.
· May 2013
o If the Ryanair bid is reactivated and is successful, Flybe would expect the deal to close on or around mid May.
· Summer 2013:
o If the Ryanair bid for Aer Lingus has been successful, Flybe will undertake due diligence on the new entity.
o It is expected that the Class 1 Circular will be completed and posted to Shareholders in August 2013, followed by an EGM for shareholders to vote.
· October 2013:
o The effective date of the transaction is envisaged to be October 2013 with Flybe Ireland commencing operations under Flybe's ownership at the beginning of the 2013/14 IATA winter season.
WHY THE BOARD BELIEVES THE TRANSACTION TO BE BENEFICIAL TO FLYBE GROUP SHAREHOLDERS
The Board of Flybe believes that the transaction offers the following benefits to its shareholders:
· As stated at IPO, the Group's strategy is to diversify away from its reliance upon UK revenue. This opportunity is a good mixture of diversification, and overlap with its existing route network, to fulfil this goal.
· Flybe has existing presence and network points at approximately half of the 34 destinations in the 43 route package.
· Flybe Ireland will be a well-capitalised company, with approximately €150m of cash on the balance sheet, including the one off capitalisation by Ryanair, and the transfer of the forward sales cash within Aer Lingus at the time of the transaction.
· Flybe Ireland will increase Flybe's ability to drive further economies of scale from fleet basing, suppliers and airports, as part of this transaction.
· Flybe has proven expertise in the acquisition and turnaround of acquired entities:
· In March 2007, Flybe acquired British Airways' UK regional airline, BA Connect, a business losing £40m per year at acquisition. The business was fully integrated into Flybe within 12 months, and made profits by the end of its first year of ownership. At the time of its acquisition the business had 39 aircraft, 1,700 staff and £350m of revenue.
· In August 2011, Flybe acquired the loss making Finncomm Airlines (Finland based), in a joint venture with Finnair. This business has been restructured and refocused, and as a result has delivered substantial growth with an expectation of profits in 2013/14 in line with the original acquisition plan. The business now has a €300m turnover and operates 28 aircraft.
Commenting on today's announcement Jim French, Flybe's Chairman and Chief Executive Officer, said:
"Flybe would be delighted to be granted the opportunity to service the Irish aviation market through Flybe Ireland, an airline which would be based in Ireland and dedicated to developing a broad range of scheduled services for business and leisure markets.
"This development of creating a Dublin based airline is in line with the Company's stated strategy at the time of IPO - which was to diversify away from reliance upon the UK economy. The terms of the deal negotiated ensure that Flybe Ireland will be a well-capitalised, well-funded company, enabling us to deliver upon that strategic aim. Flybe has a history of acquiring businesses of scale, restructuring and refocusing them and as a result delivering profitable returns. This opportunity plays clearly to that corporate strength.
"Flybe would be proud to have the chance to serve the Irish markets, and would be, as we seek to be throughout the rest of Europe, a good employer and corporate citizen.
"However, before Flybe Ireland can come into being there are many hurdles to overcome, not least the EC accepting the remedies offered by Ryanair in its offer to take over Aer Lingus, and then the shareholders of Aer Lingus accepting an offer from Ryanair. However, Flybe has positioned itself well if these events come to pass, while in the meantime we continue to focus upon the delivery of the cost reduction and efficiency plan we outlined in January".
6 February 2013
Join Date: Sep 2010
Location: England
Posts: 1,955
Likes: 0
Received 0 Likes
on
0 Posts
Unless there's a magical reduction in APD to zero and fuel prices turned back to early 90s prices I fear you might be right.
Afterall it's not the business model that's at fault is it
Afterall it's not the business model that's at fault is it
Join Date: Aug 2007
Location: cheshire
Posts: 133
Likes: 0
Received 0 Likes
on
0 Posts
Flybe should invest in a booking engine that actually functions as well or better that their competitors. Probably the worst website I have come across in recent times in the industry.
No big fan of Ryanair but their site is damned good at giving you the following
Where we fly
When we fly
How much it cost (plus extras!)
Flybe scould achieve so much more with a customer friendly site...
No big fan of Ryanair but their site is damned good at giving you the following
Where we fly
When we fly
How much it cost (plus extras!)
Flybe scould achieve so much more with a customer friendly site...
PPRuNe Knight in Shining Armour
Join Date: Feb 2000
Location: Everywhere in the UK, but not home!
Posts: 503
Likes: 0
Received 0 Likes
on
0 Posts
Ah, but that would require a decent IT department. Unfortunately to get good professionals Flybe need to pay decent wages..... Sort of a Catch 22 situation! 
Where we fly
When we fly
Flybe Timetable
If someone can point me to a working version of a timetable on the Ryanair website, I'd be very grateful. The page at
Cheap Flights timetables
seems to only give the message "Could not connect to server. Please try again later."
I grant you though that if visiting the Flybe *mobile* website for iPhone / Android devices, it's a considerably worse experience, particularly with the very reduced functionality
I've suggested to Flybe IT dept that they put a link on the mobile website so that Android users can at least view the desktop PC website, but was met with a "Mobile users must use only the mobile site and should not be using the desktop PC site"
Last edited by davidjohnson6; 6th Feb 2013 at 20:05.
I grant you though that if visiting the Flybe *mobile* website for iPhone / Android devices, it's a considerably worse experience, particularly with the very reduced functionality
I've suggested to Flybe IT dept that they put a link on the mobile website so that Android users can at least view the desktop PC website, but was met with a "Mobile users must use only the mobile site and should not be using the desktop PC site"
I've suggested to Flybe IT dept that they put a link on the mobile website so that Android users can at least view the desktop PC website, but was met with a "Mobile users must use only the mobile site and should not be using the desktop PC site"