Flybe-9
Join Date: Jul 2008
Location: UK
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Slightly offtopic but just out of curiosity, do you know the rough figures regarding the Embraer deal? I'd heard there were extreme cancellation clauses in the contract which prevented them being terminated early, but I was curious to the specifics if you happened to know.
Much appreciated as I've been curious to the inner details of the deal which seems to be an open wound.
Much appreciated as I've been curious to the inner details of the deal which seems to be an open wound.
Join Date: Nov 2001
Location: 1000ft above you, giving you the bird!
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750,000 shares sold today and share price just over 12p..... time for heads to roll!!
What an absolute shame that the employees are sat watching this “car crash” and would probably do anything to save their jobs, yet the board... who appear on the face of it to be fairly incompetent are having a “Costa Concordia” moment and are failing miserably to take command of anything and admit no responsibility for their poor judgement, lack of communication and lack of leadership to steer the ship to a port of safe refuge and sit out the storm.....
* Top 20 routes for Q400 should be 100% focus
* Ditch all non domestic ops and routes
Until 100% of Brexit clarity known why would you allow this to continue on a risk register as red flag item that could fold you overnight?
* Park ALL Jets or offer them out to ACMI market
* RETAIN all crews and offer them out on agency contracts - lose them and they will never return
(most skygods I work with want a stable roster, good pay and a decent home life)
*Invest what little money they have in MRO capability and alternative low cost bases to operate from
*Innovate in the business market which is their core product
*Innovate in their method of business traveller retention
*Innovate in their ACMI capability
*Agressively regain control of the Islands
*Think outside the box with value add partners that are non aviation
I pray and hope for all of the employees sake that it works out ok - god speed.....
Full opposite rudder till the rotation stops, centralise, stick forward to unstall, recover from the ensuing dive - convert speed to height!!
Very frustrating living 40 minutes away... especially when it could be recovered from the fully developed spin it is in!
Switching to guns.... ready to fend off the chowing I’m going to get!
What an absolute shame that the employees are sat watching this “car crash” and would probably do anything to save their jobs, yet the board... who appear on the face of it to be fairly incompetent are having a “Costa Concordia” moment and are failing miserably to take command of anything and admit no responsibility for their poor judgement, lack of communication and lack of leadership to steer the ship to a port of safe refuge and sit out the storm.....
* Top 20 routes for Q400 should be 100% focus
* Ditch all non domestic ops and routes
Until 100% of Brexit clarity known why would you allow this to continue on a risk register as red flag item that could fold you overnight?
* Park ALL Jets or offer them out to ACMI market
* RETAIN all crews and offer them out on agency contracts - lose them and they will never return
(most skygods I work with want a stable roster, good pay and a decent home life)
*Invest what little money they have in MRO capability and alternative low cost bases to operate from
*Innovate in the business market which is their core product
*Innovate in their method of business traveller retention
*Innovate in their ACMI capability
*Agressively regain control of the Islands
*Think outside the box with value add partners that are non aviation
I pray and hope for all of the employees sake that it works out ok - god speed.....
Full opposite rudder till the rotation stops, centralise, stick forward to unstall, recover from the ensuing dive - convert speed to height!!
Very frustrating living 40 minutes away... especially when it could be recovered from the fully developed spin it is in!
Switching to guns.... ready to fend off the chowing I’m going to get!
Are there any banking covenants which reference the share price / market cap ?
Or (in non jargon) are there any loan agreements whereby the bank which has lent money to Flybe has the right to make life more difficult for Flybe (eg demand immediate loan repayment or charge a higher interest rate on the loan) if the share price drops below a certain level ?
Not saying there are or aren't - just that I really hope there is nothing like this on Flybe's books
With the share price where it is, cash reserves will be critical to getting through the winter. Raising of fresh equity or debt will be a challenge
Or (in non jargon) are there any loan agreements whereby the bank which has lent money to Flybe has the right to make life more difficult for Flybe (eg demand immediate loan repayment or charge a higher interest rate on the loan) if the share price drops below a certain level ?
Not saying there are or aren't - just that I really hope there is nothing like this on Flybe's books
With the share price where it is, cash reserves will be critical to getting through the winter. Raising of fresh equity or debt will be a challenge
Join Date: Nov 2001
Location: 1000ft above you, giving you the bird!
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10p now as predicted - pretty sure that's the threshold major shareholders take notice of and start to push for immediate changes in management...
Join Date: Aug 2014
Location: BHX
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Thomas Cook shares dropped to (I think) 10p a few years ago, but have now recovered. Stagecoach did the same. It's not necessarily fatal, but it takes good management to escape.
Join Date: Feb 2016
Location: London
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I think the issue will be suppliers and whether they start demanding upfront payments. I appreciate there are many people whose livelihoods are directly affected by this and I hope they pull through.
Join Date: Aug 2014
Location: Outer London
Age: 43
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Barclays dropped to 30-40p at one time in the not so distant past. Junk status presents opportunities for the brave, also just us BE could indeed be “toast” they could equally be a target for someone.
Join Date: Aug 2017
Location: exeter
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Sadly good management is very short supply in Flybe , I’ve no confidence whatsoever the grown ups are capable of extricating us from this dreadful mess of their making
Yet another airline staffed by fantastic people let down by dreadful managment , This crisis hasn’t just happened it’s been fermenting for a long time .
Reading the through the last couple of pages, one sincerely hopes that city movers and shakers aren't giving too much credence to the (management) expertise of posters, else the more negative posts may become self fulfilling prophesies, with the inevitable consequences for airline and airport staff, both direct and indirect employees.
It's important to remember that this is a public forum that can, and I'm sure is, read widely outside the industry.
I'm glad the fat isn't being chewed so publicly about my employer.
It's important to remember that this is a public forum that can, and I'm sure is, read widely outside the industry.
I'm glad the fat isn't being chewed so publicly about my employer.
Join Date: Aug 2007
Location: West Yorkshire
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I think you`ll find that the `Fat is being chewed` well and truely elsewhere ( mainly financial forums).. I doubt Pprune would be the straw that broke this camels back..That said I do wish the staff all the best for the future. They deserve better than the present management who give the impression of being rabbits caught in the proverbial headlights.
Join Date: Mar 2003
Location: Europe
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I suppose there are some very concerned airport CEOs to be found today in places like Belfast, Exeter or Southampton...
Without Flybe, regional flying in the UK would be pretty much non-existent, except for some niche operators like Blue Islands, Loganair and Aurigny.
Without Flybe, regional flying in the UK would be pretty much non-existent, except for some niche operators like Blue Islands, Loganair and Aurigny.
Join Date: Nov 2001
Location: 1000ft above you, giving you the bird!
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pd - it's not the lack of viability of the airline, its the lack of communication as to the path to be taken and giving confidence to the employees and the markets that - yes the chips are down - but we have a robust plan that is built on firm evidence as to the likely outcome and we have taken drastic steps to address items 1,2,3 - we have also prepared a risk register for Brexit and "black swan" events such as currency and hedged our fuel further etc..... actionable, achievable intelligence and objectives clearly communicated would work wonders right now.....!
Join Date: Aug 2014
Location: Outer London
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