Flybe-9
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I understand that the CAA position is that an Accountable Manager must be in place, but if there are no operations ongoing, there is no risk to be managed and therefore other postholders are desirable but not essential during a period of suspension.
The question as to why anyone thinks this is a good idea and will be anything other than throwing good money after bad is a wholly different one.
The question as to why anyone thinks this is a good idea and will be anything other than throwing good money after bad is a wholly different one.
Join Date: Nov 2007
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Almost as if that question was anticipated.
How is it possible that an "entity" can preserve own & manage such perishable commodities.
Who would be providing the necessary proof that the "entity" can provide & meet all required operating stipulations from the CAA at the present time.
Always considered to be issued an AOC an airline required a reporting & answerable Chief Pilot accepted by the CAA..Do the Administrators then have a Chief Pilot?
The slot retaining is quite plainly "bonkers".
How is it possible that an "entity" can preserve own & manage such perishable commodities.
Who would be providing the necessary proof that the "entity" can provide & meet all required operating stipulations from the CAA at the present time.
Always considered to be issued an AOC an airline required a reporting & answerable Chief Pilot accepted by the CAA..Do the Administrators then have a Chief Pilot?
The slot retaining is quite plainly "bonkers".
Had good look on google and www.acl-uk.org website found this Flybe Slots for London City Airport W20-Initial-Coordination-Report
Flybe reclaimed their historics slots from the Winter 2019/2020 season, causing slight runway overages for the time being. As Flybe still hold their operating licence and with the outcome of the administration process being uncertain, the Flybe slots remain in the Winter 2020/2021 schedule.
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They all left the fleet PRIOR to the airlines collapse and were registered back with the lessor (FALKO) before Flybe went under. His remark is probably aimed more at the fleet that was still current when the airline collapsed, IE the Q400s and E175s.
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https://www.reuters.com/article/uk-f...-idUKKBN2740YN
Flybe seen flying again in 2021 after administrators agree to sale
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I notice that there's no mention of one very important element in any of the announcement - slots. As the business is being sold but not the legal entity, the Operating Licence and AOC will need to be obtained from scratch, so logically the same would apply on slots - unless anyone has any insight to the contrary?
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It’s a gamble and a half on account of where we are with Covid, but perhaps not as bonkers as it first looks. There are aircraft and crews sitting around all over the place which it must be assumed would now be available on much more favourable terms than was previously the case. There might even be a market for some subsidised flying from major hubs to slot-sit.
Is there precedent for an airline coming out of administration?
Is there precedent for an airline coming out of administration?
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Sky News just now running this story which it describes as one of the more improbable business stories of the year. Finished the report with the quote “God loves an optimist”. Couldn’t agree more.
It’s a gamble and a half on account of where we are with Covid, but perhaps not as bonkers as it first looks. There are aircraft and crews sitting around all over the place which it must be assumed would now be available on much more favourable terms than was previously the case. There might even be a market for some subsidised flying from major hubs to slot-sit.
Is there precedent for an airline coming out of administration?
Is there precedent for an airline coming out of administration?
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I notice that there's no mention of one very important element in any of the announcement - slots. As the business is being sold but not the legal entity, the Operating Licence and AOC will need to be obtained from scratch, so logically the same would apply on slots - unless anyone has any insight to the contrary?
Buying assets from an administrator signals intent but there is a long way to go before fare paying (and profitable) passengers are in the air. Perhaps best not to get excited yet
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Overall voting control of a reconstituted company will be held by a Lucien Farrell described by another hedge fund manager as "unbelievably crafty" & who "takes no hostages".
Specialty & concentration being distressed companies but non-airline.
Let the game & gaming commence.
Specialty & concentration being distressed companies but non-airline.
Let the game & gaming commence.
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Return of Flybe
According to the BBC the Flybe brand and remaining assets have been purchased by one of its former shareholders Thyme Opco. The article says operations could restart next year.
https://www.bbc.com/news/business-54596915
https://www.bbc.com/news/business-54596915
Last edited by Life of Leisure; 19th Oct 2020 at 12:20.
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Am I right in thinking they don't appear to have any of the key assets left.... aircraft? Admittedly there are probably a number of aircraft on the used market that may now come cheap. Any updates on where the previous aircraft are? Did they all find new homes?
There's the added complication of now having to go up against a stronger Loganair and to a point Eastern. I suspect Eastern will be the one to suffer in this though.
Could there be any link to Virgin again? Didn't Virgin pull out because of Flybe's finances? If the finances are in better shape they may regain interest, especially with MAN growing as a base.
There's the added complication of now having to go up against a stronger Loganair and to a point Eastern. I suspect Eastern will be the one to suffer in this though.
Could there be any link to Virgin again? Didn't Virgin pull out because of Flybe's finances? If the finances are in better shape they may regain interest, especially with MAN growing as a base.
