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Flybe-9

Old 14th Nov 2018, 06:01
  #801 (permalink)  
 
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Originally Posted by toledoashley View Post
There is also a difference in actively seeking for a merger/take over and being approached for one...
True, but shareholders run the show now, board largely irrelevant under these circumstances.
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Old 14th Nov 2018, 06:44
  #802 (permalink)  
 
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Virgin would be another option but I think they have bigger fish to fry.
They did have their 'Little Red' operation a few years back, would certainly give then the scale and equipment necessary to kickstart that again.
Bit of an outsider though IMHO, i'd peg Stobart for the takeover. Remember when their bid was rejected earlier in the year because FlyBe though they were being undervalued?...now the company is worth around 1/10th of the price, it would seem like a steal to them
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Old 14th Nov 2018, 06:56
  #803 (permalink)  
 
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Why the assumption that the buyer will be an airline? Surely the "usual suspects" will have been approached before there was a public announcement?
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Old 14th Nov 2018, 07:18
  #804 (permalink)  
 
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Can't help but think that the shareholders should be held to account here, they had the chance to save the airline when Stobart came in but they said no and thought that they could do better. Now the company is worth nowhere near what Stobart offered and so they will all be out of pocket and we could see the end of BE. If Stobart do go back in for BE it would be a steal for them however with the state the business is in would Stobart have the time and money to turn things around?
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Old 14th Nov 2018, 07:22
  #805 (permalink)  
 
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BA Citiflyer would be an ideal candidate. I know its a massive expansion but it would be for whoever looked at it.
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Old 14th Nov 2018, 07:37
  #806 (permalink)  
 
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How strong are Loganair/Bmi Regional? Could they "buy" in the way that BA bought Dan Air, ( e.g. for £5) retaining some E-Jets and crews operating ex BHX, SOU and MAN. BMi could drop the regional and become British Midland once again unless BA hold the rights to that name. Stobart would take over IOM,NQY. LCY would be left to an expanded BA Cityflyer. Easy to pick up some sun routes where viable e.g. SOU and EXT.

VS won't return to domestic flying- they weren't "VS Atlanta" when they dabbled with that. LHR domestic will be BA BA BA again.
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Old 14th Nov 2018, 07:41
  #807 (permalink)  
 
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Funny, but they seem to blame it all on outside factors & not attribute even only a small part of their misfortunes on “bad management”.
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Old 14th Nov 2018, 07:46
  #808 (permalink)  
 
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Originally Posted by kcockayne View Post
Funny, but they seem to blame it all on outside factors & not attribute even only a small part of their misfortunes on “bad management”.

Well there's a surprise!!
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Old 14th Nov 2018, 07:48
  #809 (permalink)  
 
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IAG it, rebrand to Aer Lingus Regional
Like most of what mik3bravo says, but why on earth brand as EI Regional? It needs to branded as BA. That would work on the trunk routes at BEE's major hubs, but a lot of peripheral flying (eg, most if not all regional France from SOU) would have to go in order to turn the operation round. Rationalisation would be needed at LCY, where they widely compete at present.

The fact that Stobart have already started flying a couple of EMB's (or are about to) for CFE could be described as interesting.
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Old 14th Nov 2018, 07:50
  #810 (permalink)  
 
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Maybe from an interested airlines point of view is to let Flybe fold and just grab the routes they think are profitable without taking on the liabilities of Flybe
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Old 14th Nov 2018, 07:52
  #811 (permalink)  
 
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The fact that Stobart have already started flying a couple of EMB's (or are about to) for CFE could be described as interesting.
Could it? In what way?
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Old 14th Nov 2018, 08:04
  #812 (permalink)  
 
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Originally Posted by LTNman View Post
Maybe from an interested airlines point of view is to let Flybe fold and just grab the routes they think are profitable without taking on the liabilities of Flybe
More likely a pre-pack administration, where the sale is agreed before entering administration, ensuring continuity of service, whilst the creditors are hung out to dry. Either that or a purchase by a bunch of venture capitalist sharks such as Greybull.
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Old 14th Nov 2018, 08:06
  #813 (permalink)  
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Blaming Brexit ? I thought Flybe were taking a kicking thanks to EU261 and Brexit offered the best chance of becoming exempt. Not so long ago my family had a 5 hour delay on the way home which not only paid for all flights but made me a 4 figure profit. That has to be wrong but thank you Brussels.

Easy's share price is virtually unchanged year on year and they are in the same market so Flybe's excuses are totally bolleaux. Nothing at all to do with paying the over-rated CEO a shed load of "golden hello's" then ?
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Old 14th Nov 2018, 08:09
  #814 (permalink)  
 
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Is the plan to sell as one business or hive off different departments? My monies on divide it up and sell what you can. Better that than going belly up!
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Old 14th Nov 2018, 08:10
  #815 (permalink)  
 
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Originally Posted by ATNotts View Post
More likely a pre-pack administration, where the sale is agreed before entering administration, ensuring continuity of service, whilst the creditors are hung out to dry. Either that or a purchase by a bunch of venture capitalist sharks such as Greybull.
Greybull ownership would be the worst possible outcome that’s for sure
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Old 14th Nov 2018, 08:23
  #816 (permalink)  
 
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Easy's share price is virtually unchanged year on year and they are in the same market so Flybe's excuses are totally bolleaux. Nothing at all to do with paying the over-rated CEO a shed load of "golden hello's" then ?
EasyJet are in a completely different market, largely London centric in UK, and really a pan European airline.

FlyBe is suffering in the same way as most regional carriers in recent history have, too many intra regional services making too little, if any money. In the scheme of things only the major secondary trunk routes such as those between SOU / BHX / MAN / CWL and Scotland / NI, plus connections between the likes of MAN / BHX / SOU to major European business centres are truly viable with the fleet that BE operate.

Any new owner is going to drastically cut back on peripheral, marginal services which will bode badly for some UK airports.
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Old 14th Nov 2018, 08:31
  #817 (permalink)  
 
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My money will be on IAG, restructure the routes, some branded to Cityflyer and some to vueling. Either way there will be a dramatic reduction of routes and expect prices to rise for passengers.

Alot of airlines have an interested in the outcome as flybe feed many passengers into their hubs for international routes etc. VS for example.

Lots of uncertainty for staff, my thoughts are with you at this unsettled time.
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Old 14th Nov 2018, 08:33
  #818 (permalink)  
 
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Originally Posted by ATNotts View Post
EasyJet are in a completely different market, largely London centric in UK, and really a pan European airline.

FlyBe is suffering in the same way as most regional carriers in recent history have, too many intra regional services making too little, if any money. In the scheme of things only the major secondary trunk routes such as those between SOU / BHX / MAN / CWL and Scotland / NI, plus connections between the likes of MAN / BHX / SOU to major European business centres are truly viable with the fleet that BE operate.

Any new owner is going to drastically cut back on peripheral, marginal services which will bode badly for some UK airports.
Whilst I have no brief for Flybe's recent management I do feel they took over a toxic legacy from Jim (call me James) French. Under his stewardship the airline vastly expanded and over ordered from Embraer, and it has been reported that terms of acquisition were very costly. I do hope for the sake of staff and airports such as SOU that a rescue can be arranged.


Last edited by Planespeaking; 14th Nov 2018 at 08:35. Reason: punctuation
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Old 14th Nov 2018, 08:39
  #819 (permalink)  
 
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In terms of a sale, Flybe management have made a bit of a rod for their own back banging on about how expensive and unprofitable the E195s are. Who'd want to take that on? I'm with ATNotts - pre-pack Administration or just insolvency with the others nipping in to pick up the "worthwhile" routes (Loganair back on GLA MAN for example).
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Old 14th Nov 2018, 08:51
  #820 (permalink)  
 
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The fact that Stobart have already started flying a couple of EMB's (or are about to) for CFE could be described as interesting.
Could it? In what way?
Stobart pick-up Flybe for a snip (much cheaper than last time they tried), operate as BA under a franchise agreement having cherry-picked the routes that will work, as many have already suggested.

Even if the above happens, likely to be bad news for even the larger bases and for or Exeter in general :-(

I fly with BEE quite a bit and the people are great - sad to see this happening.
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