BMI REGIONAL-2
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Yep. Well last Thursday a certain P.A said the deal should go through this week. So by tomorrow...
Might get some more useful and reliable information on Friday with the IAG shareholders update.
Might get some more useful and reliable information on Friday with the IAG shareholders update.
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It certainly has! Well lets hope this Friday is The Friday.
Good luck all. Whatever the outcome, any news about what is going on would be better than the current void.
Time for a gin.
Good luck all. Whatever the outcome, any news about what is going on would be better than the current void.
Time for a gin.
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IAG - International Airlines Group - News Release
bmi Regional sale
RNS Number : 0646D
International Cons Airlines Group
10 May 2012
BMI REGIONAL SALE
International Airlines Group (IAG) has signed a binding agreement to sell bmi Regional to Sector Aviation Holdings Ltd (SAH) for a total consideration of £8 million in cash. The sale includes all bmi Regional's fixed assets and long-term liabilities, including owned and operating lease aircraft.
bmi Regional operates a fleet of 18 Embraer regional jets on scheduled services throughout the UK and Northern Europe.
The sale is conditional upon CAA approval and it is anticipated that ownership will be transferred to SAH within two weeks.
IAG chief executive Willie Walsh said: "This deal provides a future for bmi Regional and should secure around 330 jobs".
Sector Aviation is a consortium of businessmen with considerable aviation experience including the team previously referred to as Granite Aviation, led by Ian Woodley. The business is being funded by Stephen and Peter Bond who are also investors in Loganair.
ends
May 10, 2012 IAG 04
Notes to Editors
IAG's purchase of bmi from Lufthansa was completed on April 20, 2012
bmi Regional is based in Aberdeen and flies to 14 destinations from UK regional airports
Certain information included in these statements is forward-looking and involves risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements.
Forward-looking statements include, without limitation, projections relating to results of operations and financial conditions and the Company's plans and objectives for future operations, including, without limitation, discussions of the Company's Business Plan, expected future revenues, financing plans and expected expenditures and divestments. All forward-looking statements in this report are based upon information known to the Company on the date of this report. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
It is not reasonably possible to itemise all of the many factors and specific events that could cause the Company's forward-looking statements to be incorrect or that could otherwise have a material adverse effect on the future operations or results of an airline operating in the global economy. Further information on the primary risks of the business and the risk management process of the group is given in the Annual Report and Accounts 2011; this document is available on IAG - International Airlines Group - Investor Relations.
This information is provided by RNS
The company news service from the London Stock Exchange
END
RNS Number : 0646D
International Cons Airlines Group
10 May 2012
BMI REGIONAL SALE
International Airlines Group (IAG) has signed a binding agreement to sell bmi Regional to Sector Aviation Holdings Ltd (SAH) for a total consideration of £8 million in cash. The sale includes all bmi Regional's fixed assets and long-term liabilities, including owned and operating lease aircraft.
bmi Regional operates a fleet of 18 Embraer regional jets on scheduled services throughout the UK and Northern Europe.
The sale is conditional upon CAA approval and it is anticipated that ownership will be transferred to SAH within two weeks.
IAG chief executive Willie Walsh said: "This deal provides a future for bmi Regional and should secure around 330 jobs".
Sector Aviation is a consortium of businessmen with considerable aviation experience including the team previously referred to as Granite Aviation, led by Ian Woodley. The business is being funded by Stephen and Peter Bond who are also investors in Loganair.
ends
May 10, 2012 IAG 04
Notes to Editors
IAG's purchase of bmi from Lufthansa was completed on April 20, 2012
bmi Regional is based in Aberdeen and flies to 14 destinations from UK regional airports
Certain information included in these statements is forward-looking and involves risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements.
Forward-looking statements include, without limitation, projections relating to results of operations and financial conditions and the Company's plans and objectives for future operations, including, without limitation, discussions of the Company's Business Plan, expected future revenues, financing plans and expected expenditures and divestments. All forward-looking statements in this report are based upon information known to the Company on the date of this report. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
It is not reasonably possible to itemise all of the many factors and specific events that could cause the Company's forward-looking statements to be incorrect or that could otherwise have a material adverse effect on the future operations or results of an airline operating in the global economy. Further information on the primary risks of the business and the risk management process of the group is given in the Annual Report and Accounts 2011; this document is available on IAG - International Airlines Group - Investor Relations.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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IAG Press Release
Good luck to them. Sadly I don't think the same outcome will be found for Baby, what with routes already having been poached by Flybe and Monarch.
Good luck to them. Sadly I don't think the same outcome will be found for Baby, what with routes already having been poached by Flybe and Monarch.
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Great news for all involved at Regional, I understand the BMI name will live on, and they will keep flybmi.com
Seems a bit of a result for BA, £8m, and, as I understand it, they were paid to take it off Lufthansa (please correct me if this is wrong).
Seems a bit of a result for BA, £8m, and, as I understand it, they were paid to take it off Lufthansa (please correct me if this is wrong).
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Well good look to bmi regional's new Scottish owners and to all the crews that have been kept in a job. You deserve it after all that's been said lately.
Its good to see the airlines winter 2012/2013 scheduled has also just been released for sale again. As flights had not been bookable while the future of the airline was still undecided.
I just hope somebody will come along and keep bmibaby flying and save all them jobs that will be lost if it's forced to close September by it's owners IAG.
Its good to see the airlines winter 2012/2013 scheduled has also just been released for sale again. As flights had not been bookable while the future of the airline was still undecided.
I just hope somebody will come along and keep bmibaby flying and save all them jobs that will be lost if it's forced to close September by it's owners IAG.
Many of those working for regional today deserve to be happy. Buy a bottle of champers at the off licence and drink it with your family - it is well earned.
However please think carefully about SAH's business plan. Even if the CAA signs off on the deal doesn't mean you are made for life. Airlines can and do go bust or make staff redundant. The deep pockets of parent Lufty are no more.
Granite needs to restructure quickly and will not find it easy against Eastern and Flybe. What worked in the 90s doesn't necessarily work now.
Use your own judgment and be prepared to act based on your gut instincts.
However please think carefully about SAH's business plan. Even if the CAA signs off on the deal doesn't mean you are made for life. Airlines can and do go bust or make staff redundant. The deep pockets of parent Lufty are no more.
Granite needs to restructure quickly and will not find it easy against Eastern and Flybe. What worked in the 90s doesn't necessarily work now.
Use your own judgment and be prepared to act based on your gut instincts.
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Well done guys, you lot at BMIr deserve it all, and as david said, treat yourself this evening !
With regard to some new routes, my thoughts are pondering many since BMIr needs a massive route restructure that actually allows them to be profitable. They need to move away from the places that have high lo-co influences i think, and focus more on those airports that need european and UK links. Take CWL for example, has hardly any links to basic EU destinations such as Berlin, Frankfurt, Brussels, Copenhagen etc. so there could be some market there for BMIr.
With regard to some new routes, my thoughts are pondering many since BMIr needs a massive route restructure that actually allows them to be profitable. They need to move away from the places that have high lo-co influences i think, and focus more on those airports that need european and UK links. Take CWL for example, has hardly any links to basic EU destinations such as Berlin, Frankfurt, Brussels, Copenhagen etc. so there could be some market there for BMIr.
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It's excellent news about BMI Regional. It will be interesting to see what they have planned. Quite a few of BMI Regionals routes link *A hubs and are used by passengers to connect to international services with *A members. It will be interesting to see if those routes can be successful now the airline is not part of *A.
I think to make the business a success they will need to make the following changes to there routes, fleet and bases.
Routes
1. Expand the current BD Regional partnership with SN. They could paint a handful of there ER4's into SN livery, have there crew wear SN uniform and onboard offer a SN product. With the aircraft being used to operate on the current routes that BD op independently from EDI, EMA, LBA to BRU as well as the routes to BRU from BRS and NCL that BD currently op on behalf of SN
2. Starts talks with VS and if VS are serious about bidding for the slots released by IAG for flights to ABZ and EDI from LHR. They could operate the flights on behalf of VS and be branded as VS express or Regional operated by BMI Regional. This could also lead to opening a VS route to MAN from LHR
I think the current BD Regional routes from Aberdeen to Groningen, Manchester and Norwich as well as the routes from Manchester to Edinburgh and Lyon will be closed. The future of there other routes will depend on a number of factorrs. The remaining routes and factors are:
ABZ to EBJ & NWI - The future of these routes will depend upon securing a contract with a major oil company to transport employees from ESJ to ABZ
EDI & GLA to CPH - These routes will continue to operate if they can continue to operate under the SK codeshare.
EDI to ZRH - Possibility of surviving if they can op under code share with LX.
EMA to FRA - Possibility of surviving if they can op under code share with LH.
Bases
BD Regional currently have crew based at ABZ, EDI, EMA, GLA, LBA and MAN. I can see BD cutting these bases back to just two, those being ABZ and EDI.
If the SN agreement does happen, then the crew for those flights would probably be all EDI based and aircraft and crews could be rotated at BRU.
Fleet
The regional fleet of 19 aircraft will probably drop to 15 with the 4 37 seater ER3's being removed from the fleet
I think to make the business a success they will need to make the following changes to there routes, fleet and bases.
Routes
1. Expand the current BD Regional partnership with SN. They could paint a handful of there ER4's into SN livery, have there crew wear SN uniform and onboard offer a SN product. With the aircraft being used to operate on the current routes that BD op independently from EDI, EMA, LBA to BRU as well as the routes to BRU from BRS and NCL that BD currently op on behalf of SN
2. Starts talks with VS and if VS are serious about bidding for the slots released by IAG for flights to ABZ and EDI from LHR. They could operate the flights on behalf of VS and be branded as VS express or Regional operated by BMI Regional. This could also lead to opening a VS route to MAN from LHR
I think the current BD Regional routes from Aberdeen to Groningen, Manchester and Norwich as well as the routes from Manchester to Edinburgh and Lyon will be closed. The future of there other routes will depend on a number of factorrs. The remaining routes and factors are:
ABZ to EBJ & NWI - The future of these routes will depend upon securing a contract with a major oil company to transport employees from ESJ to ABZ
EDI & GLA to CPH - These routes will continue to operate if they can continue to operate under the SK codeshare.
EDI to ZRH - Possibility of surviving if they can op under code share with LX.
EMA to FRA - Possibility of surviving if they can op under code share with LH.
Bases
BD Regional currently have crew based at ABZ, EDI, EMA, GLA, LBA and MAN. I can see BD cutting these bases back to just two, those being ABZ and EDI.
If the SN agreement does happen, then the crew for those flights would probably be all EDI based and aircraft and crews could be rotated at BRU.
Fleet
The regional fleet of 19 aircraft will probably drop to 15 with the 4 37 seater ER3's being removed from the fleet
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BAladdy, you just make yourself look daft writing tosh like that. You clearly don't know much about bmi Regional or its routes and bases so you aren't very well placed to speculate on how to improve it. You missed 3 bases out for a start...