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Flybe-9

Old 21st Nov 2018, 23:00
  #1021 (permalink)  
 
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Hangar at Exeter sold under a leaseback and JEDW remortgaged.
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Old 21st Nov 2018, 23:35
  #1022 (permalink)  
 
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It sounds like Flybe are trying to raise cash using the family silver
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Old 22nd Nov 2018, 05:44
  #1023 (permalink)  
Tabs please !
 
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The problem with that strategy is you can only do it once. From a corporate finance standpoint, Flybe are now very much on the back of the drag curve.
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Old 22nd Nov 2018, 06:22
  #1024 (permalink)  
 
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Originally Posted by proud_darcy View Post
Easyjet has already said they aren't interested and now Ryanair say they aren't interested.
Did anybody serious think that they would be?
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Old 22nd Nov 2018, 08:13
  #1025 (permalink)  
 
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Confirmed in local press here that the flybe NQY-LGW service will move to LHR from what I think is the start of the summer 2019 schedules.

Interesring development to put it mildly

cs
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Old 22nd Nov 2018, 08:46
  #1026 (permalink)  
 
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4 times daily on Q400. E-Jet absorbed into fleet elsewhere.
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Old 22nd Nov 2018, 08:51
  #1027 (permalink)  
 
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Well that is interesting. Will NQY become a Q base ?


cs
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Old 22nd Nov 2018, 09:21
  #1028 (permalink)  
 
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Or will it be Flybe at all flying to LHR?,
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Old 22nd Nov 2018, 09:29
  #1029 (permalink)  
 
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Iím guessing BE have cashed in their LGW slot? Operating a route with no competition would seem to be a far better use of those LHR slots. The eventual start of Crossrail will also make a vast swathe of London and the east plus Reading and others to the west far more accessible than at LGW.

Iím guessing the chap that said the remedy slots were reserved for domestics is correct rather than the one that specified ABZ/EDI.
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Old 22nd Nov 2018, 09:54
  #1030 (permalink)  
 
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Originally Posted by AirportPlanner1 View Post
Iím guessing BE have cashed in their LGW slot? Operating a route with no competition would seem to be a far better use of those LHR slots. The eventual start of Crossrail will also make a vast swathe of London and the east plus Reading and others to the west far more accessible than at LGW.

Iím guessing the chap that said the remedy slots were reserved for domestics is correct rather than the one that specified ABZ/EDI.
Regarding your comment about ''I'm guessing that Flybe have cashed in their LGW slot''

I don't no why your guessing as it's already been mentioned to you that Flybe sold their slots to EasyJet four years ago.

The only remaining slots that Flybe hold at LGW are the slots for the three daily PSO route from Newquay.

The remedy slots that Flybe use at LHR are only for ABZ and EDI and are not theirs to sell until the airline has used them for three consecutive seasons.

Just do a search online for information regarding those LHR remedy slots because it's well documented and I don't know why you think that they could be used to alternative destinations with no competition because they can't do so.

For someone who uses the username of Airportplanner you should actually know this information without it having to be explained to you again and again after all these remedy slots have been mentioned many times and were previously used unsuccessfully by Virgin.
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Old 22nd Nov 2018, 09:59
  #1031 (permalink)  
 
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How is Flybe funding the NQY-LHR service? Are they giving up an ABZ or EDI slot?
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Old 22nd Nov 2018, 10:02
  #1032 (permalink)  
 
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Local news reporting that flybe has come to an agreement with the government !


cs
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Old 22nd Nov 2018, 10:06
  #1033 (permalink)  
 
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Originally Posted by cornishsimon View Post
Local news reporting that flybe has come to an agreement with the government !


cs
Wouldn't that be the other way around?
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Old 22nd Nov 2018, 10:12
  #1034 (permalink)  
 
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Originally Posted by shamrock7seal View Post
How is Flybe funding the NQY-LHR service? Are they giving up an ABZ or EDI slot?
Those remedy slots that Flybe use to ABZ and EDI are only to be used to those two destinations and cannot be changed to alternative destinations I think we're all aware of that, if they are not used as per the agreement they are eventually returned to British Airways.

If the according to other posters that the government has got involved in this I'm sure that BA would have something to say about it and why should the government be involved in this isn't it down to the CAA!
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Old 22nd Nov 2018, 10:12
  #1035 (permalink)  
 
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The route will be four times daily. Lots of articles mention that the service is following an agreement between LHR, The Government and Flybe. The local MP has lobbied hard for this and I assume LHR are happy to help as it boosts their argument that LHR expansion will mean better domestic connections. https://www.bbc.co.uk/news/live/uk-e...ost_type=share

According to twitter these are the timings:
BE801 NQY 0720-0830 LHR
BE803 NQY 1055-1205 LHR
BE805 NQY 1430-1540 LHR
BE807 NQY 1845-1955 LHR

BE802 LHR 0915-1025 NQY
BE804 LHR 1245-1355 NQY
BE806 LHR 1620-1730 NQY
BE808 LHR 2040-2150 NQY
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Old 22nd Nov 2018, 10:15
  #1036 (permalink)  
 
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Originally Posted by canberra97 View Post


Regarding your comment about ''I'm guessing that Flybe have cashed in their LGW slot''

I don't no why your guessing as it's already been mentioned to you that Flybe sold their slots to EasyJet four years ago.

The only remaining slots that Flybe hold at LGW are the slots for the three daily PSO route from Newquay.

The remedy slots that Flybe use at LHR are only for ABZ and EDI and are not theirs to sell until the airline has used them for three consecutive seasons.

Just do a search online for information regarding those LHR remedy slots because it's well documented and I don't know why you think that they could be used to alternative destinations with no competition because they can't do so.

For someone who uses the username of Airportplanner you should actually know this information without it having to be explained to you again and again after all these remedy slots have been mentioned many times and were previously used unsuccessfully by Virgin.
Theres no need to be rude, the reason Iíve asked is because Iíve seen different versions of what the remedy slot restrictions entail and now there is this news of a service to NQY appearing for which slots would have to come from somewhere.

You also trash your own dig at me about the LGW slots, Iím fully aware they were sold to EZY but as I understood the NQY slots were either new or withheld from the original package. Why would EZY sit on them for so long?

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Old 22nd Nov 2018, 10:23
  #1037 (permalink)  
 
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Originally Posted by AirportPlanner1 View Post


Theres no need to be rude, the reason Iíve asked is because Iíve seen different versions of what the remedy slot restrictions entail and now there is this news of a service to NQY appearing for which slots would have to come from somewhere.

You also trash your own dig at me about the LGW slots, Iím fully aware they were sold to EZY but as I understood the NQY slots were either new or withheld from the original package. Why would EZY sit on them for so long?
I've just read the Southend thread.

If true all I can say is that I find it unbelievable that we've been discussing the financial status of Flybe and now we get this.

If and when it's officially confirmed good luck to Flybe in not only gaining these slots at LHR and great for NQY in regaining a link again to LHR after many years since Brymon was flying the route plus it reinforces the R3 debate where LHR have publicly stated that domestic flights would be ring fenced.

Although in saying that this news has totally surprised me as I'm sure it has done with others.
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Old 22nd Nov 2018, 10:29
  #1038 (permalink)  
 
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The relevant bits in the Competition Remedy for BA/bmi state:

The number of slots to be made available would enable prospective entrant(s) to operate up to a total of seven frequencies per day on the Identified UK City Pairs and up to a total of five frequencies per day on any Identified City Pair.

Where a prospective entrant would have operated on one or more Identified City Pairs with the released slots for at least two consecutive IATA seasons, it would be entitled to apply for any slots still available in the quota for the Identified City Pairs to operate frequencies on any European short-haul city pair provided that it also continues to operate the frequencies it is operating on the Identified City Pairs.


So there are 12 sets of Heathrow remedy slots. If you fly the Edinburgh and Aberdeen routes then you can apply for any remaining remedy slots unused to operate them on any European route of your choice. That's where the Newquay slots are coming from. They cannot move slots from Edinburgh or Aberdeen (under separate provisions) until March 2020.

I'd be waiting for a sale of Gatwick slots to be announced.
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Old 22nd Nov 2018, 10:33
  #1039 (permalink)  
 
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Are these perhaps IAG slots and do they pre-empt an association or sale of Flybe to IAG?
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Old 22nd Nov 2018, 10:41
  #1040 (permalink)  
 
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Originally Posted by cornishsimon View Post
Local news reporting that flybe has come to an agreement with the government !


cs

I did predict that the goverment would come to flybe,s aid and was scoffed at by certain individuals.....

Crisis now over i reckon
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