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Flybe-9

Old 5th Feb 2020, 14:18
  #3221 (permalink)  
 
Join Date: Jun 2001
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Copenhagen
You beat me to it

I wonder if she has an advisor as well, and how those she serves feel about her posting alleged confidential information on Twitter?
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Old 5th Feb 2020, 20:34
  #3222 (permalink)  
 
Join Date: Sep 2008
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Some of the handling agents are down in EXT training for the change over from flybe to virgin connect. Even the training centre is done out in virgin colours. Let's hope that's a sign that things are moving forward with the transition and hope it all pays off for those employed directly and indirectly.
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Old 8th Feb 2020, 23:44
  #3223 (permalink)  
 
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Back in the news...

https://www.google.com/amp/s/www.tel...ion-looms/amp/
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Old 9th Feb 2020, 18:42
  #3224 (permalink)  
 
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Originally Posted by SealinkBF View Post
Most of the story is behind a paywall, however, it does state that the cash will run out at the end of the month. Intrestingly, it also states that the investors are willing to fund the airline if they fail to recieve any bail out money from the Government. In which case, this should be the only cause of action.
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Old 9th Feb 2020, 18:45
  #3225 (permalink)  
 
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If they are prepared to fund the airline, why are they waiting and appealing for Gov help?
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Old 9th Feb 2020, 18:51
  #3226 (permalink)  
 
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The owners of Flybe have realised that the prospects of returning Flybe to long term profitability without outside help are poor - the investment required far exceeds the value of potential profits over the next 10+ years. I think the likes of Virgin and Stobart bit off far more than they could possibly handle and have now realised this. They also know Boris wants to be seen as helping the regions rather than just London. Thus the message is "Boris, give us some cash, or we shut down Flybe, along with airports like Exeter, Southampton and maybe also Belfast City"
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Old 9th Feb 2020, 20:37
  #3227 (permalink)  
 
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It's a typical Branson involvement. I've lost count of the amount of times the "hero" gets mentioned in saving companies only to disappear in a cloud of smoke when the going gets tough. He appears to be great at making money for himself but his companies don't seem to fare so well.
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Old 10th Feb 2020, 02:10
  #3228 (permalink)  
 
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Originally Posted by TartinTon View Post
It's a typical Branson involvement. I've lost count of the amount of times the "hero" gets mentioned in saving companies only to disappear in a cloud of smoke when the going gets tough. He appears to be great at making money for himself but his companies don't seem to fare so well.
Which examples spring to mind?
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Old 10th Feb 2020, 05:55
  #3229 (permalink)  
 
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Originally Posted by Manx View Post
Which examples spring to mind?
Virgin Little Red, Express, America, Sun, Trains west coast, Trains east coast, Cola, Vodka, Brides, Student, Cars, Vie (cosmetics), clothing, Ware (underwear, Megastore, Pulse, Games, and now Connect....

OK some were the subject of predatory takeover (America, being one)
Trains - due to the pretty poisonous tie-up with Stagecoach Virgin lost the West Coast line and simply overbid on the East Coast...
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Old 10th Feb 2020, 08:12
  #3230 (permalink)  
 
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And dont forget Mates condoms
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Old 10th Feb 2020, 08:26
  #3231 (permalink)  
 
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Speculation on Radio 4 last night that there will be a announcement tomorrow as part of a larger package of other Government transport infrastructure initiatives e.g. HS2, etc
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Old 10th Feb 2020, 09:10
  #3232 (permalink)  
 
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Originally Posted by TartinTon View Post
It's a typical Branson involvement. I've lost count of the amount of times the "hero" gets mentioned in saving companies only to disappear in a cloud of smoke when the going gets tough. He appears to be great at making money for himself but his companies don't seem to fare so well.
I can't remember him ever being interested in "saving" companies. I think he's just always gone into various well established quasi monopolistic markets and tried to disrupt them in order to maximise the Virgin brand identity. His business seems much more about licensing that brand now, be that banking, media or transport. That's all that's happening with Flybe. Flybe is a tarnished brand. New investors wanted something associated with quality of some sort in aviation. So they called Branson.
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Old 10th Feb 2020, 09:56
  #3233 (permalink)  
 
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I think a bit of balance is required here. Too many people trying to pin FlyBe's present difficulties on Branson personally as if he is some machiavellian monster plotting its downfall.
Branson is a shareholder in a company that has a minority shareholding in a consortium that has recently bought FlyBe. Blame for its problems can be planted on the senior management of FlyBe over the past few years not the bearded one. As pointed out Virgin is more of a brand franchise than an operational business.
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Old 10th Feb 2020, 10:08
  #3234 (permalink)  
 
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Past few years? Try the past 15 years.
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Old 10th Feb 2020, 10:26
  #3235 (permalink)  
 
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Branson and his associates/acolytes should have done due diligence on Flybe. Everyone in the trade knew it was a basket case. That was their starter for 10...They appear not to have done so and now want the taxpayer to bail them out. Branson is entitled to his share of the blame.
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Old 10th Feb 2020, 10:56
  #3236 (permalink)  
 
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Actually Flybe was prifitable in 2007 8 9 It was Jim Frenches crazy plan to buy masses of Embraers that started thr problems
Saad Hammad did manage to get costs control, did the deal with Embraer and Republic to ditch outstanding orders for Embraers in exchange for Republic Q400s
and under his control, load factors and yield imcreased significantley. But the company was still saddled with the crippling lease costs of the existing Embraer fleet
He also got rid of the loss making joint venture with Finnair.
It's all contaied in the Flybereports and accounts and presentations to investors still available on flybeplc.com


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Old 10th Feb 2020, 11:02
  #3237 (permalink)  
 
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I forgot tosay Hammad was doing a good job and then the board got rid of him!!!.
We all know what happened next!!!
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Old 10th Feb 2020, 11:20
  #3238 (permalink)  
 
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Originally Posted by bean View Post
Actually Flybe was prifitable in 2007 8 9 It was Jim Frenches crazy plan to buy masses of Embraers that started thr problems
Saad Hammad did manage to get costs control, did the deal with Embraer and Republic to ditch outstanding orders for Embraers in exchange for Republic Q400s
and under his control, load factors and yield imcreased significantley. But the company was still saddled with the crippling lease costs of the existing Embraer fleet
He also got rid of the loss making joint venture with Finnair.
It's all contaied in the Flybereports and accounts and presentations to investors still available on flybeplc.com
Yes you are right, this problem dates back to Jim(call me James) French and his stewardship of FlyBe.

Regrettably he embarked on a major expansion with huge orders from Embraer and highly expensive lease costs that effectively hobbled the airline financially.

But that is all history, only time and investment will tell if FlyBe/Connect has a future.

My thoughts are with the staff and some of the more vulnerable airports like EXT and SOU, SOU especially which is so dependent on FlyBe for its viability.
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Old 10th Feb 2020, 11:49
  #3239 (permalink)  
 
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Branson and his associates/acolytes should have done due diligence on Flybe. Everyone in the trade knew it was a basket case. That was their starter for 10...They appear not to have done so and now want the taxpayer to bail them out. Branson is entitled to his share of the blame.
Exactly this kind of nonsense. What a ridiculous knee-jerk, 'looking for a bogey-man' thing to say.
Do you really think Branson runs Virgin Atlantic?
Why does nobody point accusing fingers at equal shareholders Stobart? Or. if you prefer something maciavellian, Cyrus.
But as others have said, the finger pointing should be aimed at previous senior management.

Just for the record, I'm not into taxpayer bail-outs either.
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Old 10th Feb 2020, 12:05
  #3240 (permalink)  
 
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Delta own 49% of Virgin Atlantic and as such will be strongly reptesented on the board
They may well have said no more investment in Flybe.
Only speculation and a suggestion
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