Eastern Airways-2
Join Date: Aug 2014
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Join Date: Feb 2016
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NE
The only thing is that they would have to go back to their own ticketing issuing system instead of using Flybe's.
Join Date: Aug 2014
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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.
Join Date: Sep 2005
Location: Sydney
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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.
Join Date: Feb 2018
Location: Wales
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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.
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.
Join Date: Sep 2017
Location: Aberdeen
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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...
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
- 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.
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
Join Date: Mar 2004
Location: Dorset
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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.
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.
Join Date: Feb 2007
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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
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
Join Date: May 2006
Location: North West
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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..
General crew shortages probably don't help either. It is certainly a Pilots market for jobs..
Join Date: Sep 2017
Location: Aberdeen
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