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Flybe-9

Old 17th Oct 2020, 20:26
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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.
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Old 17th Oct 2020, 20:49
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Originally Posted by southside bobby
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".
Looks like could be something with CityJet and E190's? This to me that is more behind this than CityJet wanting to buy Stobart Air

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.
also on the ACL W20-Initial-Coordination-Reports for DUB, MAN, LHR, BHX, LCY, airports there is slots allocated for flybe
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Old 17th Oct 2020, 22:09
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Originally Posted by Airbus123
Jersey32D

My understanding is that ERJ195 G-FBEG, G-FBEH, G-FBEI, G-FBEJ and OY-GDD are still at NWI.

I was at NWI at the end of August and saw all of them. OY-GDD is still marked as G-FBEK.

Are you sure that they have now left the UK
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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Old 19th Oct 2020, 10:00
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FLYBE IS BACK.

Brand and remaining assets sold by administrator
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Old 19th Oct 2020, 10:09
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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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Old 19th Oct 2020, 10:18
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Completely bonkers
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Old 19th Oct 2020, 10:43
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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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Old 19th Oct 2020, 10:47
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Itís 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?
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Old 19th Oct 2020, 10:50
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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.
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Old 19th Oct 2020, 10:50
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Originally Posted by AirportPlanner1
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?
PanAm and Eastern to name two in the USA. Neither terribly successfully. Can't think of any resurrections in UK; in Belgium and Switzerland Brussels and Swiss were virtual reincarnations of Sabena and Swissair though.
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Old 19th Oct 2020, 10:55
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Originally Posted by Albert Hall
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?
If they haven't found a way to transfer the legal entity then I can't see the point. They will be starting a new airline using a name that they previously saw no value in and wanted to rebrand as Virgin. The strategic positioning of flybe was so confused that if they are planning more of the same, only smaller, it can't work.

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Old 19th Oct 2020, 10:56
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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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Old 19th Oct 2020, 11:17
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https://www.travelmole.com/news_feat...ews_id=2044726
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Old 19th Oct 2020, 11:17
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I would not get over excited just yet. I think this will be a very very long road unless in the background its some kind of convoluted way to rebrand/buy Stobart Air.
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Old 19th Oct 2020, 11:30
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Can you imagine what the financial fitness meeting with the CAA will be like!
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Old 19th Oct 2020, 11:32
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What are the actual assets left? A website and is that about it?
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Old 19th Oct 2020, 11:35
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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.
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Old 19th Oct 2020, 11:36
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Originally Posted by willy wombat
Can you imagine what the financial fitness meeting with the CAA will be like!
If they have the finance behind them them then shouldn't be an issue. If it's smoke and mirrors I imagine the regulator will see through them.
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Old 19th Oct 2020, 12:04
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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


Last edited by Life of Leisure; 19th Oct 2020 at 12:20.
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Old 19th Oct 2020, 12:08
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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.
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