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Flybe-9

Old 3rd Nov 2020, 07:59
  #4481 (permalink)  
 
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My mistook...Yes the One Hundred & Eleven BAC also.
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Old 3rd Nov 2020, 13:51
  #4482 (permalink)  
 
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"FlyBe - Rise of the Phoenix"
Can I just point out that my intention wasn't to suggest a name for Fly Mk.2 but merely to use the title as a play on a film poster / advert!!

If were to propose a name I'd think I'd go for "British Regional" (if another business doesn't already have rights to that name) "EuroRegional" or "EurRegio", but I think the DB might own that trademark for part of the German regional rail network, I'm sure I've seen it elsewhere.
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Old 3rd Nov 2020, 15:36
  #4483 (permalink)  
 
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"British European" sounds OK to me, which is where "flybe" came from.
As an aside, why do so many airlines and companies use lower case letters for their name? Are they not proud of their identity?
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Old 3rd Nov 2020, 16:02
  #4484 (permalink)  
 
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Thyme Opco have agreed to purchase the Flybe brand from the administrators, something I'd doubt they'd have agreed if they intended to launch under a different brand. If anything restarts, it will be as Flybe.
Whatever you say about the state of the Flybe brand, I guess the new owners see little benefit in spending money on brand creation, aircraft repaints, crew uniforms, airport signage, etc, at this time. Probably best to get the airline established and back flying before wasting money on something that really won't generate any positive revenue.
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Old 3rd Nov 2020, 16:14
  #4485 (permalink)  
 
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wasting money on something that really won't generate any positive revenue.
Unfortunately, much as the "old" Flybe were a very professional outfit at the sharp end, their management were also pretty bad at the above.

I want to see this succeed (when the time is right) so lets hope for no repeats of past mistakes.
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Old 3rd Nov 2020, 17:41
  #4486 (permalink)  
 
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Thyme Opco have agreed to purchase the Flybe brand from the administrators, something I'd doubt they'd have agreed if they intended to launch under a different brand. If anything restarts, it will be as Flybe.
Stops somebody else buying it and doing something mischievous with it.

In all these discussions, not seen any mention of how much money is involved. Presumably it will emerge eventually when it's distributed to the creditors (minus any fees and charges, of course)
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Old 12th Nov 2020, 14:31
  #4487 (permalink)  
 
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http://www.independent.co.uk/travel/...766.html%3famp

FLYBE: POSSIBLE RESURRECTION WELCOMED BY VIRGIN ATLANTIC BOSS

‘We hope and hear that there may be some signs of a resurrection,’ said chief executive Shai Weiss
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Old 13th Nov 2020, 09:36
  #4488 (permalink)  
 
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Given Cyrus and Virgin have worked together extensively in the past I wouldn't be surprised if this had been discussed prior to Cyrus buying the company out of administration....
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Old 13th Nov 2020, 12:23
  #4489 (permalink)  
 
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So the company was run into the ground, now they buy the assets at pence in the pound, ditch the liabilities and start again.
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Old 13th Nov 2020, 18:38
  #4490 (permalink)  
 
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Originally Posted by Airbus123 View Post
So the company was run into the ground, now they buy the assets at pence in the pound, ditch the liabilities and start again.
Doesn't seem right. Short-changed creditors won't be impressed either.
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Old 13th Nov 2020, 20:10
  #4491 (permalink)  
 
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Originally Posted by Gurnard View Post
Doesn't seem right. Short-changed creditors won't be impressed either.
The past is done - Its show business not show friends. Short changed creditors won't get anything from a bust company - they may going forward from a resurrected one.

Given the Connect appointed CEO, COO, CFO, DFO and HOcT are still in place and presumably working on the restart shows Cyrus have faith in the management who tried to turn around the business prior to Covid.
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Old 13th Nov 2020, 20:55
  #4492 (permalink)  
 
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Originally Posted by Airbus123 View Post
So the company was run into the ground, now they buy the assets at pence in the pound, ditch the liabilities and start again.
The liquidator isn't left with much in the way of assets, so it's not clear what Cyrus has bought other than the name and goodwill. Whilst the value of hard assets such as aircraft will decline with Covid, they will hardly be available for "pence in the pound".
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Old 13th Nov 2020, 21:28
  #4493 (permalink)  
 
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Originally Posted by Jamie2009 View Post
Given the Connect appointed CEO, COO, CFO, DFO and HOcT are still in place and presumably working on the restart shows Cyrus have faith in the management who tried to turn around the business prior to Covid.
and their pay is coming from where?
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Old 14th Nov 2020, 09:31
  #4494 (permalink)  
 
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Originally Posted by Airbus123 View Post
So the company was run into the ground, now they buy the assets at pence in the pound, ditch the liabilities and start again.
Pretty accurate definition of a "pre-pack" sale out of administration. That hasn't happened in this case, but it does stink more of a smoke and mirrors pre pack.

For the creditors of any failed business a pre-pack is the unpleasant and unacceptable face of capitalism, but it goes on, multiple times, every day, in most sectors of industry and commerce.
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Old 14th Nov 2020, 15:27
  #4495 (permalink)  
 
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For the creditors of any failed business a pre-pack is the unpleasant and unacceptable face of capitalism, but it goes on, multiple times, every day, in most sectors of industry and commerce.
Correction - it's the unpleasant and unacceptable face of Government intervention in capitalism.
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Old 14th Nov 2020, 16:10
  #4496 (permalink)  
 
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'Given the Connect appointed CEO, COO, CFO, DFO and HOcT are still in place and presumably working on the restart shows Cyrus have faith in the management who tried to turn around the business prior to Covid'.

I get Chief Executive Officer, Chief Operating Officer and Chief Financial Officer, but not sure what the other 2 are.

So this is the bunch who 'led' Flybe Mk1 and will carry out the same roles in FlyBe Mk2.


What could go wrong.
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Old 14th Nov 2020, 16:28
  #4497 (permalink)  
 
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Originally Posted by Airbus123 View Post
'Given the Connect appointed CEO, COO, CFO, DFO and HOcT are still in place and presumably working on the restart shows Cyrus have faith in the management who tried to turn around the business prior to Covid'.

I get Chief Executive Officer, Chief Operating Officer and Chief Financial Officer, but not sure what the other 2 are.

So this is the bunch who 'led' Flybe Mk1 and will carry out the same roles in FlyBe Mk2.


What could go wrong.
Many of them appointed or transferred to those roles, after the 3 investors took over. It's not fair to say they were responsible for the years of shit.

DFO. HoCT

Director Flight Operations. Head of Crew Training.
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Old 14th Nov 2020, 16:30
  #4498 (permalink)  
 
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There has been a lot of talk suggesting that the failure of FlyBe Mk1 was due to COVID. IMO, the financial figures speak for themsilves;

https://en.wikipedia.org/wiki/Flybe
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Old 14th Nov 2020, 16:44
  #4499 (permalink)  
 
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Is there anything substantial in the public domain saying what Flybe will look like as a business if it returns to life ? I keep thinking of the repeated revivals of Pan Am, but want to be open minded - what aircraft will it fly, who will the customers be, which routes, what codesharing, how it will outrun its competitors, etc.... until we know this it all seems like crystal ball gazing
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Old 14th Nov 2020, 17:43
  #4500 (permalink)  
 
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Originally Posted by Airbus123 View Post
There has been a lot of talk suggesting that the failure of FlyBe Mk1 was due to COVID.

https://en.wikipedia.org/wiki/Flybe
Absolutely not so. COVID was having no effect upon Flybe in early March and in the previous months. COVID only began to bite after the collapse of Flybe. Those who are connecting Flybe's failure with COVID are putting up a smoke screen. You are correct to point to the financial figures instead.
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