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Flybe-9

Old 3rd Feb 2020, 20:10
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Originally Posted by Brigantee View Post
It makes sense from all angles .
Sorry, it makes no sense at all.

Another airline can easily replace all the routes and service that Flybe provides. (although without the crippling debt and inept management)

I've yet to see a single effort to turnaround BE in the past few years besides ploughing millions of pounds into repainting planes purple and endeavoring to change the name.. I don't see what £500m of taxpayer funds will achieve besides a temporary extension before the tin pot comes banging back again; to quote Oliver Twist, "please sir, can I have some more?"
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Old 3rd Feb 2020, 20:32
  #3122 (permalink)  
 
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Originally Posted by MDS View Post
Sorry, it makes no sense at all.

Another airline can easily replace all the routes and service that Flybe provides. (although without the crippling debt and inept management)

I've yet to see a single effort to turnaround BE in the past few years besides ploughing millions of pounds into repainting planes purple and endeavoring to change the name.. I don't see what £500m of taxpayer funds will achieve besides a temporary extension before the tin pot comes banging back again; to quote Oliver Twist, "please sir, can I have some more?"


Mistakes have been made in the past when the wicked witch was all powerful , however that dynasty is dead and flybe is on track with a bit of help to rebuild itself and become a profitable airline again
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Old 3rd Feb 2020, 20:36
  #3123 (permalink)  
 
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Brigantee, this is an airline which has ploughed through the dowry which came with BA Connect, has twice had to sell its Gatwick slots to raise money, has eaten up £150m cash raised in a rights issue in Saad's day and then a further £100m in the last year. It now needs another £100m reportedly. Although I think many would agree with you that COW's time at the helm was not Flybe's finest hour, the ability of that airline to lose money and need frequent cash injections is simply astonishing. How on earth can you make that statement when all evidence is that every turnround plan to sort out Flybe over the last 15 years has failed?
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Old 3rd Feb 2020, 20:43
  #3124 (permalink)  
 
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Originally Posted by Albert Hall View Post
Brigantee, this is an airline which has ploughed through the dowry which came with BA Connect, has twice had to sell its Gatwick slots to raise money, has eaten up £150m cash raised in a rights issue in Saad's day and then a further £100m in the last year. It now needs another £100m reportedly. Although I think many would agree with you that COW's time at the helm was not Flybe's finest hour, the ability of that airline to lose money and need frequent cash injections is simply astonishing. How on earth can you make that statement when all evidence is that every turnround plan to sort out Flybe over the last 15 years has failed?

I agree but this is a new dawn over exeter , New team , new ideas , a quick cash injection from the tax payer and its game on , Back to profit in two years and a big dent into easy and ryan to boot .....
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Old 3rd Feb 2020, 20:57
  #3125 (permalink)  
 
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Originally Posted by Brigantee View Post
I agree but this is a new dawn over exeter , New team , new ideas , a quick cash injection from the tax payer and its game on , Back to profit in two years and a big dent into easy and ryan to boot .....
apologies but deluded, totally deluded!
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Old 3rd Feb 2020, 21:03
  #3126 (permalink)  
 
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Originally Posted by Brigantee View Post
I agree but this is a new dawn over exeter , New team , new ideas , a quick cash injection from the tax payer and its game on , Back to profit in two years and a big dent into easy and ryan to boot .....
If it's that easy then why haven't the new owners put the money in? Why would they need a bailout?

It's a question that's been asked lots but never answered. Simple answer is they dont want to risk their money. But they are happy to risk tax payer cash instead. That doesn't bode well to me.

I have lots of former colleagues and friends at BE and really do wish them all the luck. But not at public expense when the owners do nowt.
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Old 3rd Feb 2020, 21:06
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Another airline can easily replace all the routes and service that Flybe provides.
Care to illuminate us as to exactly who you have in mind?
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Old 3rd Feb 2020, 21:11
  #3128 (permalink)  
 
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Originally Posted by Brigantee View Post
I agree but this is a new dawn over exeter , New team , new ideas , a quick cash injection from the tax payer and its game on , Back to profit in two years and a big dent into easy and ryan to boot .....
I'm truly hoping this is loan/bailout rumour is true and everyone one of you at flybe has a secure job. I was there for some time so fully understand the stress and concerns you all have at this moment in time.

However if you think that £500m will give flybe the ability to give EZY and RYR a big kick, then I'm sorry mate but you are sorely mistaken. That money will prop flybe up for the next 3 year maximum. Its not going to touch those big powerful and profitable airlines.
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Old 3rd Feb 2020, 21:15
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That’s exactly what the new Monarch CEO had the audacity to tell us. Return to profitability and EasyJet will be scared of us. What a joker he turned out to be.
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Old 3rd Feb 2020, 21:15
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Brigantee - I know what they say about the British sense of humour being difficult to catch, but that's to a whole new level of sardonic, black humour. Isn't it? Really?
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Old 3rd Feb 2020, 21:20
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The challenges ahead for the company seem insurmountable.

The Q400 is probably the right beast for UK domestics but would a fleet half the size be able to provide the essential parts of the Flybe network? I think so.

But any route with EZY or BA in competition probably isn't going to work.

Flybe is shackled to the debt of previous failed endeavours and I don't see how they can bounce back.
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Old 3rd Feb 2020, 21:26
  #3132 (permalink)  
 
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Originally Posted by Brigantee View Post
Flybe is vital to this countries wealth which is why the tories are prepared to in effect take it into state ownership

It makes sense from all angles .
Only from the most obtuse of angles.

I asked the question a few days ago and I'll ask it again: what are the routes which are needed for regional connectivity, which Flybe is operating with their own aircraft, and where there is no competition? I'm perfectly happy to accept that there are some (but certainly not all their routes). If there is a need for (for example) Belfast-Cardiff connectivity, then the government can issue a PSO tender for the route, any airline can apply, and the one offering the best value to the taxpayer (maybe Flybe, maybe Loganair, maybe Ryanair) wins the contract. Surely far more effective (and a better use of taxpayer money) than indiscriminately supporting an airline which is competing with others on many of its routes?

The basic question is: what do you want the government to do? Protect key regional connectivity, or bail out Flybe? The two are absolutely not the same, and it would be possible to achieve the first for a much lower cost than the second.
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Old 3rd Feb 2020, 21:31
  #3133 (permalink)  
 
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Originally Posted by Albert Hall View Post
Brigantee - I know what they say about the British sense of humour being difficult to catch, but that's to a whole new level of sardonic, black humour. Isn't it? Really?


No itís being positive , seeing the potential in the brand and believing it can with a bit of cash injected be turned around , Iím not saying it wonít be a challenge but with the British public and government behind us itís achievable despite the many doom merchants saying otherwise .

The government must see something in the airline to plough 500 million into us .
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Old 3rd Feb 2020, 21:38
  #3134 (permalink)  
 
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Originally Posted by Brigantee View Post

The government must see something in the airline to plough 500 million into us .
Votes.

It's not a sound financial investment
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Old 3rd Feb 2020, 21:40
  #3135 (permalink)  
 
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Originally Posted by Brigantee View Post
No itís being positive , seeing the potential in the brand and believing it can with a bit of cash injected be turned around , Iím not saying it wonít be a challenge but with the British public and government behind us itís achievable despite the many doom merchants saying otherwise .

The government must see something in the airline to plough 500 million into us .
The figure iof £500mil is pure conjecture at this point and was only mentioned by a poster earlier on as an approx figure that would be required. No where has it been announced or leaked that this amount or any amount would be forthcomming.
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Old 3rd Feb 2020, 21:49
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Originally Posted by Brigantee View Post
but with the British public and government behind us
Unfortunately I'd say that public support is dwindling pretty quickly day by day as people loose confidence in BE's future.
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Old 3rd Feb 2020, 22:04
  #3137 (permalink)  
 
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Originally Posted by Brigantee View Post
No itís being positive , seeing the potential in the brand and believing it can with a bit of cash injected be turned around , Iím not saying it wonít be a challenge but with the British public and government behind us itís achievable despite the many doom merchants saying otherwise .

The government must see something in the airline to plough 500 million into us .
The brand is trashed, well and truly! Itís a dead duck.
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Old 3rd Feb 2020, 22:29
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I fear some posters here may at best be mistaken and at worst be trying to cause mischief.

There has been talk of £500m. But this is a £500m package of measures that Boris Johnson will announce to boost regional connectivity in and around the UK. Not a £500m investment or loan to Flybe. More a £500m economic insurance package to guard against the negative effects of Flybe failing.

I have said enough for now.
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Old 3rd Feb 2020, 22:36
  #3139 (permalink)  
 
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Dear God, I hope so. A £500m loan into Flybe is simply unthinkable. Imagine how many management consultants and shareholders' advisors would be queuing up to take thier share of that large pot of gold!

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Old 3rd Feb 2020, 22:42
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I can see easyJet lining up to take the best parts of the Flybe network. I'd not be surprised if easyJet opened on the larger short routes out of SOU with 319. BFS could easily be stepped up to accomdate BHD routes. BRS is a perfect alternative to CWL, I'd suggest already a large cohort of Wales/Cardiff residents go to BRS already anyway. Any viable /attractive routes would likely attract services in their own right.

The thinner niche routes like from more remote locations like EXT and NQY/ West Country would be picked up by Loganair, Stobart, Flybe, or Eastern and the government recognised where exemptions to APD should apply...

If there is demand the airlines who operate will provide jobs and sustainable services without need for public finances.

And at a time when for eg.the NHS and hospital system is under immense pressure (e.g. NI), how can the suggested £500M be even considered?

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