FlyBe - 6
Join Date: Jul 2012
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flybe and EI
Well please god the job losses are not too drastic,
This story remains me of MOL floating flybe as a suitor or remedy to takeover
A significant part of EI, if I recall the EU found flybe proposal as not being
Believable and even flybe lacking required competancy to operate aircraft and routes proposed, JF has since left , certainly EU did us a favour over here on our small patch, I just couldn't imagine how flybe would be managing the enlarged operation if mol had won, mind you maybe that was his plan, hasten demise of annother two competitors, EI and flybe, best of luck to all concerned
This story remains me of MOL floating flybe as a suitor or remedy to takeover
A significant part of EI, if I recall the EU found flybe proposal as not being
Believable and even flybe lacking required competancy to operate aircraft and routes proposed, JF has since left , certainly EU did us a favour over here on our small patch, I just couldn't imagine how flybe would be managing the enlarged operation if mol had won, mind you maybe that was his plan, hasten demise of annother two competitors, EI and flybe, best of luck to all concerned
Join Date: Oct 2002
Location: Bishkek (nr Luton)
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Shareholdings
Reported
The trust of the late Jack Walker - the former owner of Blackburn Rovers Football Club - has sold its 48.1pc stake in Flybe, the regional airline has announced. The sale increases Flybe's free float to 85pc.
Flybe up for grabs?
The trust of the late Jack Walker - the former owner of Blackburn Rovers Football Club - has sold its 48.1pc stake in Flybe, the regional airline has announced. The sale increases Flybe's free float to 85pc.
Flybe up for grabs?
Join Date: Jul 2011
Location: Europe
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If there is anything left to grab...
What has become apparent in the last day or so is our new
leader is nothing but a loud mouthed arrogant bully with
idea of the sacrifice made by the workforce and especially
the pilots over the last 6 months or so. No recognition
whatsoever of the pay cut and exemplary customer care
and professional attitude.
What is it with airline CEO's, are they all jealous of
Pilots? Certainly would explain a lot.
Time Balpa grew a pair and stands up to this bully...
What has become apparent in the last day or so is our new
leader is nothing but a loud mouthed arrogant bully with
idea of the sacrifice made by the workforce and especially
the pilots over the last 6 months or so. No recognition
whatsoever of the pay cut and exemplary customer care
and professional attitude.
What is it with airline CEO's, are they all jealous of
Pilots? Certainly would explain a lot.
Time Balpa grew a pair and stands up to this bully...
Join Date: Apr 2005
Location: Norf
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Would flights operated by loganair for flybe be affected with cuts or are they not affected
Leg - perhaps you could suggest to us what you would do now if you were the boss of Flybe, remembering that the company has a high level of debt, is not particularly profitable (those summer profits will be countered with winter losses), has a very high cost-per-available-seat-kilometre and is now vulnerable to hostile takeover ? The presentation on Monday is available to download in the Investors section of the company website
Alas, unlike the USA, there is no cancel-the-debt Chapter 11 magic wand...
Alas, unlike the USA, there is no cancel-the-debt Chapter 11 magic wand...
Last edited by davidjohnson6; 13th Nov 2013 at 11:35.
Join Date: Jul 2004
Location: Notts
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According to reuters news the shares have been sold to blue chip institutional investors? 48%, very hard to get rid of overnight? Who has bought the shares? Another airline or investors?
Thoughts.
Thoughts.
Join Date: Jan 2008
Location: UK
Age: 42
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Leg
The changes are necessary and should have happened long ago and then we wouldn't find ourselves in this mess (I too work for Flybe).
And please, why is it you think the pilots have sacrificed so much and not the rest of the employees? None of you, zero, were made compulsory redundant because there were enough volunteers tied with a change in working practice. It wasn't a pay cut as such as you work a few days less each year to compensate.
Hundreds of other in the company have gone, 100% pay cut!
I know this is a pilot forum, but please remember that Flybe don't just employ pilots! Every other employee group is going through the same trauma. How about a little solidarity and recognition for the rest of the 2100 staff who aren't pilots.
The changes are necessary and should have happened long ago and then we wouldn't find ourselves in this mess (I too work for Flybe).
And please, why is it you think the pilots have sacrificed so much and not the rest of the employees? None of you, zero, were made compulsory redundant because there were enough volunteers tied with a change in working practice. It wasn't a pay cut as such as you work a few days less each year to compensate.
Hundreds of other in the company have gone, 100% pay cut!
I know this is a pilot forum, but please remember that Flybe don't just employ pilots! Every other employee group is going through the same trauma. How about a little solidarity and recognition for the rest of the 2100 staff who aren't pilots.
Join Date: Dec 2010
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Toon22
Not sure Rosedale seeing a spike in the share price and selling up is good news.
I always thought the Trust would be a lender of last resort but now it's a different story. Hopefully the new investors will be in it for the long haul.
I always thought the Trust would be a lender of last resort but now it's a different story. Hopefully the new investors will be in it for the long haul.
Join Date: May 2006
Location: Suffolk, Diss, UK
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Loganair don't operate flights on behalf of FlyBE, Loganair operate their own routes, they have bought into the FlyBE franchise.
Join Date: Jul 2011
Location: Europe
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JC25, looks like you have conveniently forgotten that a
substantial number of flight crew did leave, and the
Pilot workforce were the ONLY group who volunteered
a pay cut, extra days off you say? You are now showing
your ignorance of what is actually happening.
Get rid of Exeter would be a start, not hard working
professional pilots. An aircraft will not operate without
2 Pilots, but it will without most of the Exeter crowd.
substantial number of flight crew did leave, and the
Pilot workforce were the ONLY group who volunteered
a pay cut, extra days off you say? You are now showing
your ignorance of what is actually happening.
Get rid of Exeter would be a start, not hard working
professional pilots. An aircraft will not operate without
2 Pilots, but it will without most of the Exeter crowd.
, are you a complete wind up
Join Date: Jan 2008
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Yes extra days off, four a year I seem to remember.
And the aircraft will not go without cabin crew either, or ops and crewing, without payroll and HR. It takes more than you to run an airline.
You're clearly the ignorant one. It isn't just your job at risk so perhaps you should think about that before throwing ill conceived ideas about.
And I don't forget that many pilots left... ALL voluntarily, as I said before. Unlike many other employee groups who were forced.
And the aircraft will not go without cabin crew either, or ops and crewing, without payroll and HR. It takes more than you to run an airline.
You're clearly the ignorant one. It isn't just your job at risk so perhaps you should think about that before throwing ill conceived ideas about.
And I don't forget that many pilots left... ALL voluntarily, as I said before. Unlike many other employee groups who were forced.
Join Date: Mar 2007
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Bit harsh Leg! We might directly operate the aircraft but we still need guys and girls doing; ops, crewing, and a whole bunch of other stuff behind the scenes to make the operation run.
In the last round of redundancies, the most distressing moment I experienced was in the office at my home base with one of the ground services people on their last day - Flybe through and through, they were absolutely emotionally destroyed by their Flybe career being forcibly ended.
I am a Flybe pilot, and one who may be 'at risk' when the details are announced, but would like to totally dissociate myself from Legs comments.
JC25, just for the record; while you are correct that "None of you (pilots), zero, were made compulsory redundant" a number of colleagues were placed in a position where they felt they had little choice but to take 'voluntary' redundancy.
In the last round of redundancies, the most distressing moment I experienced was in the office at my home base with one of the ground services people on their last day - Flybe through and through, they were absolutely emotionally destroyed by their Flybe career being forcibly ended.
I am a Flybe pilot, and one who may be 'at risk' when the details are announced, but would like to totally dissociate myself from Legs comments.
JC25, just for the record; while you are correct that "None of you (pilots), zero, were made compulsory redundant" a number of colleagues were placed in a position where they felt they had little choice but to take 'voluntary' redundancy.
Reuters has an article indicating who has bought the shares sold by the Rosedal trust.
It should be noted that some of these investors (includes Quantum Partners LP, linked to George Soros - Google him if you don't know who he is) have non-trivial stakes in the company.
It is possible they are out for a quick buck, expecting the shares will rise in the next few months and then sell, or they may be looking to take a more active stance in the airline's governance and strategic direction in the future. Either way, these are not gentle passive investors content to just sit and wait forever. The fact they hold non-trivial stakes in the company means they will have direct access to the CEO whenever they want and will likely make their opinions known. This is likely to have an impact on how senior management feel able to act.
European airline Flybe's biggest shareholder bows out | Reuters
It should be noted that some of these investors (includes Quantum Partners LP, linked to George Soros - Google him if you don't know who he is) have non-trivial stakes in the company.
It is possible they are out for a quick buck, expecting the shares will rise in the next few months and then sell, or they may be looking to take a more active stance in the airline's governance and strategic direction in the future. Either way, these are not gentle passive investors content to just sit and wait forever. The fact they hold non-trivial stakes in the company means they will have direct access to the CEO whenever they want and will likely make their opinions known. This is likely to have an impact on how senior management feel able to act.
European airline Flybe's biggest shareholder bows out | Reuters
Last edited by davidjohnson6; 14th Nov 2013 at 02:19.
Join Date: Jul 2011
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Looks like Exeter is moving... to Birmingham 
As for threatening the Pilots not to negotiate,
Balpa are toothless so no doubt we will get done
over again anyway.
Oh and the Academy is up for sale.
As for threatening the Pilots not to negotiate,
Balpa are toothless so no doubt we will get done
over again anyway.
Oh and the Academy is up for sale.
Join Date: Jan 2008
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Six bases to close
Not a huge surprise really, but awful news for those impacted never the less.
Aberdeen, Inverness, Newcastle, Isle of Man, Jersey & Guernsey are all to close as bases.
There will be job losses at all other bases too and at HQ in Exeter.
Aberdeen, Inverness, Newcastle, Isle of Man, Jersey & Guernsey are all to close as bases.
There will be job losses at all other bases too and at HQ in Exeter.
Join Date: May 2006
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sorry to hear, thoughts with those affected
52 jobs to go at Belfast 16 of those pilots, 49 in Birmingham 37 in Glasgow, 12 in Manchester and 17 in Southampton
and more than 100 at exeter
52 jobs to go at Belfast 16 of those pilots, 49 in Birmingham 37 in Glasgow, 12 in Manchester and 17 in Southampton
and more than 100 at exeter
Last edited by NickBarnes; 15th Nov 2013 at 14:03.