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Old 7th Jul 2017, 11:02
  #4961 (permalink)  
 
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"Could I very gently suggest that discussion of Stobart possibly acquiring Flybe should either take place on the Flybe thread, or a Stobart Air thread should be created ? That way the Southend thread could remain about Southend rather than deviating into being about particularly airlines..."

In my opinion this is extremely applicable for this thread as the direct implication of the articles were a sustained increase in movements from Southend.

Aviation sources claim that a takeover of Flybe by Stobart Group could make sense as Stobart looks to grow passenger traffic at London Southend Airport, which it owns. Among the routes Dublin-based Stobart Air is launching is a Flybe service between Dublin and Southend.
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Old 7th Jul 2017, 11:23
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I can see why ownership of Flybe would be attractive for Stobart as it would elevate them to a significant regional player but I just don't see that much additional benefit for SEN other than eliminating the franchise fee element. Other than bringing NQY back from STN and having the freedom to fly to the likes of EDI in parallel with LCY if they chose to what else would they do that they couldn't do already under the franchise? Moving the LCY operation over wouldn't work, and other major BE destinations such as AMS, DUB, GLA and CDG are already lined up or are operated by EZY.
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Old 7th Jul 2017, 13:35
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any idea what sort of price stobarts would have to pay for flybe?...whats the going rate?
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Old 7th Jul 2017, 13:38
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£77m market cap.
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Old 7th Jul 2017, 13:38
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According to press reports the current share price means you could buy them for about £70m

Which is interesting given Stobart air was valued at €80m last year ...
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Old 7th Jul 2017, 14:36
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Do flybe. actually own any planes out right or are they all leased....is it just a matter of changing the name on the lease or is there more to it?
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Old 7th Jul 2017, 15:22
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Sion flghts

The Echo has picked up on this now......

Skiers and boarders can hit the slopes in no time with a new route from Southend Airport to Switzerland (From Echo)
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Old 7th Jul 2017, 15:28
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the value of the company is not really in the ownership of the aircraft I would say, it is more about the ability of the brand to make money ... most airlines lease aircraft as it makes sense, they are depreciating assets
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Old 7th Jul 2017, 16:24
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Originally Posted by lfc84
£77m market cap.
Debt position and past/current liabilities all come into the financial analysis.
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Old 7th Jul 2017, 17:10
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Exciting. If Stobart were looking to acquire an airline Flybe is an obvious choice. Although I have to question taking on more debt to buy into a regional airline, especially one that’s been a resounding disappointment for many years. Maybe they can turn it around?
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Old 7th Jul 2017, 17:11
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davidjohnson6 did suggest we could easily be drifting into areas that may belong elsewhere, though far be it from a waffler like me to say what may be discussed here.

Suffice to say that, if Stobarts did acquire Flybe, then making a success of that airline would be their number one priority, and Southend-on-Sea would not necessarily be the place to Flybe from.
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Old 7th Jul 2017, 17:35
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Powdair

Stobart have announced internally that Sion flights to go ahead. Dec - Mar.
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Old 7th Jul 2017, 20:21
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As for Wizz, I read an article where Chief Operating Officer Owain Jones was talking about the new LTN base, saying: "the speed of its network growth meant the opportunity to gain some additional capacity in the restricted London market was too good to refuse and will also lead to further operational efficiencies."
"Further operational efficiencies." That means operating out of one airport which offers total feasibility to move aircraft and crews around when needed say for maintenance.

“We thought we should take advantage of the new overnight stand, and also the opportunity to simplify some of our operations in and out of London.”

Sounds broadly in line with what Glyn Jones has talked about when promoting SEN, so I wouldn't be surprised if Wizz were interested. They seem keen to expand their London flights.
There is enough capacity coming on line at Luton over the next couple of years to keep Wizz happy I would have thought with extra stands and an increase in slots due to taxiway improvements.

I have learned never to say never but a SEN operation seems unlikely as the report mentions about "the opportunity to simplify some of our operations in and out of London.” You don't do that by splitting your operation.

Last edited by LTNman; 7th Jul 2017 at 20:38.
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Old 7th Jul 2017, 20:55
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I have grow to loath the way the young (educated?) whippersnappers out there, like - talk.
But, I have to say, you are bang-on LTNman.
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Old 7th Jul 2017, 21:55
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Stobart groups market cap is now over one billion
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Old 8th Jul 2017, 05:06
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So stripping out all of the fantasy posters what is Southend's true potential passenger capacity? Think of the big picture and allow for road access, terminal expansion and remodelling, additional car parking locations, runway and stand capacity.

Would you be happy at expansion at any price for that Luton experience or would you prefer the existing Southend experience?

I haven't been to Southend since the terminal was moved but I was struck by the feeling that SEN was located in the wrong area in the middle of residential streets and had poor local road access into the airport so I am sure there would come a point when the locals kick up a fuss if they are caught up in airport traffic spilling out into local roads.

Last edited by LTNman; 8th Jul 2017 at 07:05.
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Old 8th Jul 2017, 07:18
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LTNman

5 million would be the very maximum for SEN in my opinion and talk of 10 million is simply not achievable.

As far as road access is concerned it's not quite as you suggest and access from the A127 turn off (25 minutes from the M25) is just a couple of minutes along one road. Local access can vary according to the time of day obviously but SEN is on the northern edge of SEN so no one has to drive through the town to get to it.
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Old 8th Jul 2017, 07:54
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10 million is pure hyperbole. Leaving aside the access issues, unless all those airlines apparently in a holding pattern actually start arriving one after another, then there's no evidence that the local infrastructure will ever be challenged.

If you look back around 18 months you will find interviews with Glyn Jones where he stated clearly that 5 million would be the maximum number the airport could handle. He was right then, and there's nothing on even the most distant horizon that changes that.

2018 has the potential to be a 'biggie' for SEN. But keep it real, please.
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Old 8th Jul 2017, 08:17
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10m is a brain fart episode.

5m potentially but surrounding access and conjestion mitigation measures are a critical prerequisite that council need to address in a proactive not reactive manner.
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Old 8th Jul 2017, 08:33
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Lots more SEN - MAN - AN OTHER on the Flybe website. Still, why not?

Think I might try a return trip to AMS. It appears to be a 13 hour round trip costing around £200. I image easyjet will be protesting in the strongest possible terms as their dominance on this route comes under threat.

Last edited by DC3 Dave; 8th Jul 2017 at 09:02.
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