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Flybe-9

Old 12th May 2020, 16:50
  #4121 (permalink)  
 
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Originally Posted by davidjohnson6 View Post
Flybe had been in trouble for about 10 years. In the very best years, they made a profit of 1% of turnover. In plenty of years, they made a loss of significantly more than 1% of turnover. BA by contrast in good years make a profit of 10% of turnover

There's only so much in losses that suppliers, lenders and investors will tolerate before goodwill eventually runs out
Yeah but Flybe is a different business model to British Airways, Flybe is/was a regional airline, if you take a look across the world, most regional airlines have thin margins, low wages and high turnover of staff. On the whole the whole operating 3 different types of aircraft, one of which is more expensive to lease than a larger a320 really just shows why flybe's margins took a hit. The sad thing is that only 10 days before Flybe folded, they had finally got down to their aspired two type fleet of Dash 8-400s and E175s, maybe if things had been managed better, they had a bit more cash flow and a little longer then they might have weathered this storm.
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Old 13th May 2020, 08:12
  #4122 (permalink)  
 
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Originally Posted by airsouthwest View Post
Yeah but Flybe is a different business model to British Airways, Flybe is/was a regional airline, if you take a look across the world, most regional airlines have thin margins, low wages and high turnover of staff. On the whole the whole operating 3 different types of aircraft, one of which is more expensive to lease than a larger a320 really just shows why flybe's margins took a hit. The sad thing is that only 10 days before Flybe folded, they had finally got down to their aspired two type fleet of Dash 8-400s and E175s, maybe if things had been managed better, they had a bit more cash flow and a little longer then they might have weathered this storm.
I doubt very that they would have weathered this storm.
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Old 13th May 2020, 08:34
  #4123 (permalink)  
 
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I agree. Most believe it was just a matter of when. Coronavirus or HMG was not the problem causing of the downfall of flybe.

EY were marketing the administration as a going concern. They already have taken the next step down from that and iMHO it will be soon when they announce a further step down to say that it is a liquidation exercise.

I can only assume the offers EY had for the company were chancers at unacceptably low or asset strippers trying to the advantage of the situation. Personally, i believe realistic offers would be for asset stripping but of course could be totally wrong.

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Old 15th May 2020, 18:01
  #4124 (permalink)  
 
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Originally Posted by Nuweiba View Post
I doubt very that they would have weathered this storm.
I think they could of i, like I said with a bit more cash, more time etc. I wouldn't have put it if I didn't believe it. Sadly we will never know now. On the whole the airline had been failed multiple times and as you say it was only a matter of time. So many bad decision have been made by multiple CEOs, one thing I never understood was the need to fly from multiple airports across London, rather than having ideally two, with the maximum of three to include Heathrow ops in 2017. Other issues seemed to by flying from the wrong airports, or airports closer to larger ones, for example Durham Tees when most people would fly from Newcastle Int. The inflight menu in my opinion seemed over generous for choice for flights lasting only 55 minutes. The and the decision to scale back European routes to be more UK centric doesn't seem to have done the company any favours.
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Old 15th May 2020, 18:34
  #4125 (permalink)  
 
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Originally Posted by airsouthwest View Post
Other issues seemed to by flying from the wrong airports, or airports closer to larger ones, for example Durham Tees when most people would fly from Newcastle Int.
Out of these two airports, Flybe mainly flew from NCL to SOU and EXT year round, they only flew to JER seasonally from MME. The rest of the MME operation was T3 / Eastern.
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Old 19th May 2020, 14:34
  #4126 (permalink)  
zfw
 
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SXI2024

GECOI Just leaving Manchester the first of many?.
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Old 19th May 2020, 16:20
  #4127 (permalink)  
 
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Looks like it's landing at Oslo Torp. Return to lessor?
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Old 19th May 2020, 16:25
  #4128 (permalink)  
 
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Looks like it's landing at Oslo Torp
Believe Wideroe have DHC8 maintenance there.
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Old 19th May 2020, 18:17
  #4129 (permalink)  
 
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FR24 states it landed at Skien, more likely Sandjeford. Wideroe have a maintenance hangar there.

https://www.flightradar24.com/data/a...-ecoi#2486f267



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Old 19th May 2020, 18:18
  #4130 (permalink)  
 
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I see Cyrus are in the hot seat to buy Virgin Australia...
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Old 22nd May 2020, 15:27
  #4131 (permalink)  
 
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G-JECX has departed IOM for the final time. Heading to Maastricht.
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Old 23rd May 2020, 14:18
  #4132 (permalink)  
 
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Have the simulators already gone back to FSI FAB now the academy is sold.

Be interesting to know how much the building was bought for as the article says It sold for ‘a fraction’ of the £12m it cost to build.







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Old 23rd May 2020, 14:56
  #4133 (permalink)  
 
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Flybe Academy goes into public ownership

Link above probably has as close to the answer as you might get publicly.
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Old 24th May 2020, 05:58
  #4134 (permalink)  
 
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Originally Posted by jamestkirk View Post
Have the simulators already gone back to FSI FAB now the academy is sold.

Be interesting to know how much the building was bought for as the article says It sold for ‘a fraction’ of the £12m it cost to build.

The Embraer Sim, was dismantled and packed away and sent away within about 4 days of the company going out of business. The Dash Sim lasted until about the end of March I believe, before it was dismantled and sent back to FSI at Farnborough. I believe the Embraer Sim is going to FSI at Paris.

Last edited by Whispering Giant; 24th May 2020 at 05:59. Reason: Spelling and grammer
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