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Eastern Airways-2

Old 14th Nov 2018, 08:26
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Originally Posted by Plane.Silly View Post
Best case scenario. Flybe go bust and others pick up just the valuable pieces, meaning very little impact on EA
Is this really the best case scenario? Wouldn’t a sizeable chunk of Eastern’s revenue from ticket sales go down with it?
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Old 14th Nov 2018, 18:27
  #322 (permalink)  
 
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Originally Posted by AirportPlanner1 View Post


Is this really the best case scenario? Wouldn’t a sizeable chunk of Eastern’s revenue from ticket sales go down with it?
I doubt it, T3/EZE did fine on their own with ticketing before they franchised up with Flybe. The only thing is that they would have to go back to their own ticketing issuing system instead of using Flybe's.

NE
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Old 14th Nov 2018, 19:58
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The only thing is that they would have to go back to their own ticketing issuing system instead of using Flybe's.
Is there a system to go back to? Thought they sacked everybody?
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Old 15th Nov 2018, 09:03
  #324 (permalink)  
 
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Originally Posted by NorthEasterner View Post
I doubt it, T3/EZE did fine on their own with ticketing before they franchised up with Flybe. The only thing is that they would have to go back to their own ticketing issuing system instead of using Flybe's.

NE
Well yes they can I’m sure pretty easily get another booking engine going but that wouldn’t change that income from previous sales, which could be quite significant, may have gone down with BE.
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Old 15th Nov 2018, 10:18
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Were they really doing fine before? People who are doing fine don't tend to change things!
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Old 19th Nov 2018, 11:49
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There is a YouTube clip showing over 8 Eastern Airways aircraft ‘STORED’ at Humberside. What is going on? Are they next to go under or something? This is for sure not a sensible use of aircraft.
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Old 19th Nov 2018, 12:04
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Originally Posted by shamrock7seal View Post
There is a YouTube clip showing over 8 Eastern Airways aircraft ‘STORED’ at Humberside. What is going on? Are they next to go under or something? This is for sure not a sensible use of aircraft.
They've have been taken out of service due to age and not enough crew i believe. No doubt many of those aircraft will be used for spare parts.
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Old 19th Nov 2018, 13:19
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This is for sure not a sensible use of aircraft.
Don't forget they paid nowt for them!
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Old 19th Nov 2018, 14:21
  #329 (permalink)  
 
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As I understand it Eastern are little more than an O and G airline operated by Bristow to move offshore workers up and down the east coast.Most of their passengers will be paying marine fares and not the expensive tickets on sale to the public.
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Old 20th Nov 2018, 20:04
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If they paid nothing for these aircraft why is the following such a troubling statement in the quarterly returns from the Bristow Group...
  • Loss on impairment of $117.2 million($101.1 million net of tax), or $2.83 per share, including:
  • $20.8 million impairment of Eastern Airways assets including $17.5 million for aircraft and equipment, $3.0 million for intangible assets and $0.3 millionfor inventory.
Im sure someone will be along who knows more but those figures don’t really add up.

Bristow did not buy Eastern as a feeder service, it couldn’t care less how we make our way to Aberdeen, it bought Eastern because at the time the Integrated services (ABZ to Scatsta and onward heli for IAC etc) were expanding and Bristow needed a way to ensure it had dedicated aircraft and a Flightline scenario would never be repeated. Now of course Babcock and CHC have a similar offering with Loganair, how Bristow now must look back and wish it did similar where the costs were fixed. I’m told Eastern lost nothing in the FlyBe price war but rising EU compensation, and falling passenger numbers on the East Coast routes must not be helping.

Thing is Bristow will continue to take a hit on it because it needs the aircraft
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Old 20th Nov 2018, 20:13
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As it's an asset impairment rather than an onerous contract provision, it looks to be relating to the J41s which are owned. I guess that's any residual value in the J41s written off in the books.

Just because they paid nothing for them doesn't mean that they were held on the books at zero, if they had managed to convince the auditors way back in the past that they had value.
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Old 20th Nov 2018, 22:01
  #332 (permalink)  
 
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145 to LIS

One of the 145’s ferried to LIS yesterday. I was told this was an end of lease return, or was it actually off into C-check at ALV? Anyone confirm?
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Old 21st Nov 2018, 02:04
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G-CDKB was flown from ABZ to ORB a couple of days ago. Does anyone know if this is for scheduled maintainence?. Or is the aircraft the latest S2000 to be returned to lessor?

T3 have so far this year returned 3 S2000’s to lessor. These aircraft were:

G-CDEA - Was WFU and flown from ABZ to ORB back in early April.
G-CDKA - Was WFU and flown from HUY to ORB back in late August
G-CFLV - Was flown from HUY to ORB back in mid July
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Old 23rd Nov 2018, 19:26
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I believe BAE are winding down support for the 41. As major checks come round the aircraft are being slowly withdrawn. There maybe some use for them elsewhere in the world.... I heard there was a similar situation brewing with the SAAB , but possibly a rethink by them.
General crew shortages probably don't help either. It is certainly a Pilots market for jobs..
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Old 23rd Nov 2018, 22:48
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Have both the ERJ 170 left the fleet now as well?
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Old 24th Nov 2018, 04:55
  #336 (permalink)  
 
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The ERJ 170 last I heard were going to AUSTRALIA on lease. Don't know if that came off.
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Old 24th Nov 2018, 05:46
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Originally Posted by yeo valley View Post
The ERJ 170 last I heard were going to AUSTRALIA on lease. Don't know if that came off.
According to FR24, both have positioned to Naples - G-CIXV in early October and G-CIXW in early November
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Old 24th Nov 2018, 12:24
  #338 (permalink)  
 
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If BE do end up merging with VS, will T3 end up a VS franchise?
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Old 25th Nov 2018, 08:12
  #339 (permalink)  
 
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Originally Posted by mullac30 View Post
If BE do end up merging with VS, will T3 end up a VS franchise?
That would be good, it might give BRS shares a wee boost as well.

Down 30% on Friday.

Ouch
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Old 25th Nov 2018, 08:34
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Originally Posted by mullac30 View Post
If BE do end up merging with VS, will T3 end up a VS franchise?

I would imagine that if/when a takeover happens the franchising will go out of the window.
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