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Flybe-9

Old 11th Jan 2019, 07:48
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Flybe share price has fallen over 75% this morning from 16.3 pence to 3.8 pence
It seems that the market is hoping for a higher bid from IAG but realises that Flybe is no longer viable as an independent airline
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Old 11th Jan 2019, 07:51
  #1302 (permalink)  
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Share price is now 2.5p with an 8% spread. I doubt the shareholders will vote to be bought out at 1.0p which will make for interesting times ahead.

The clever cookies bought at 10.0p and sold at 16.0p
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Old 11th Jan 2019, 07:54
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Originally Posted by NickBarnes
Ah yes just reading that, Flybe operations will be rebranded under the Virgin Atlantic brand. So will be goodbye to the purple and that new livery that came out just a few months ago
Other than Virgin Atlantic, the Virgin brand isn't as popular as it once was in the UK and its not particularly as well known around Europe...

The use of the Flybe brand name for all future connect airways flying, including that of Stobart are would have been the best option. A well known brand around the UK, known in the markets it serves in Europe and makes much more sense than the Atlantic brand outside of long haul. I wonder if this is set in stone?
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Old 11th Jan 2019, 08:06
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Old 11th Jan 2019, 08:16
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BA318

In the article you kindly provided the link to it states: Flybe will continue as an independent operating carrier with a separate Air Operator Certificate, under the Virgin Atlantic brand.
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Old 11th Jan 2019, 08:37
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Originally Posted by DC3 Dave
BA318

In the article you kindly provided the link to it states: Flybe will continue as an independent operating carrier with a separate Air Operator Certificate, under the Virgin Atlantic brand.
ttps://www.virginatlantic.com/gb/en/media-centre/press-releases/enhanced-connectivity-to-uk-regions.html

Yes indeed if you read the above press release straight from Virgin it states what will happen to Flybe.

"Flybe will continue to serve customers and communities across the UK and Ireland. In due course Flybe will be rebranded to Virgin Atlantic."

Of course thats if this does go through, and that's a big if at the minute
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Old 11th Jan 2019, 09:04
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I think for VS (or DL) they will se this as an attempt to do something closer to Delta Connection in the UK ( and not Europe where the model doesn't have as much leg). Even sounds similar.

It is never good to keep a brand which has failed. So no Flybe going forward in to the further future.

Assuming BREXIT happens the UK will move closer to the US and away from Europe.
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Old 11th Jan 2019, 09:11
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"The combined entity will be a powerful combination with sufficient scale to compete effectively in the and (sic) European airline markets. It will allow us to continue to work with Flybe and provides an excellent opportunity to continue to grow passenger numbers at London Southend Airport." Does this suggest that the current scale-back of flyBE and Stobart operations from SEN will be reversed?

It doesn't look like Stobart will have much clout within the new organisation but Virgin Atlantic might be content to let them put another airframe or two at SEN.
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Old 11th Jan 2019, 09:14
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Originally Posted by NickBarnes
ttps://www.virginatlantic.com/gb/en/media-centre/press-releases/enhanced-connectivity-to-uk-regions.html

Of course thats if this does go through, and that's a big if at the minute
Yes, though it's being reported as being a done deal in the mainstream media
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Old 11th Jan 2019, 09:16
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Originally Posted by Copenhagen
Was Flybe just valued at 2.3m?
At the risk of stating the obvious, when you buy a a company as a going concern, you buy its debts as well as its assets.
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Old 11th Jan 2019, 09:23
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This bid is pretty humiliating for the current, and past, management, and directors of Flybe. It values the company at less than 1% of the levels it briefly reached just after the floatation. One can only assume that the directors are recommending such a derisory bid as the company is very, very close to complete collapse, otherwise, they'd surely hang out for something better.

Whatever happens, hope for a good result for most staff, who have had to put up with a lot of uncertainty, over many years.

Whilst a lot of people out there will regret the day that JF walked through the doors at Exeter, the current Board don't look too smart for rejecting the Stobart bid last year, and then leading the company to the precipice.
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Old 11th Jan 2019, 09:26
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It makes sense in that you can see the newco feeding KLM/AF/DL traffic from the U.K. to AMS and CDG and vice versa from the EU into VS/DL hubs like MAN.

The fleet is a bit of a mess though with ATRs, Embraers and Q400s. Be interesting to see if they rationalise the prop fleet into one type.
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Old 11th Jan 2019, 09:30
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Be interesting to see if they rationalise the prop fleet into one type
Very. Whatever happens I expect there to be fewer of them. If this works out maybe Airbus 220s - DL is a big customer for them.
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Old 11th Jan 2019, 09:34
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Originally Posted by 22/04
Very. Whatever happens I expect there to be fewer of them. If this works out maybe Airbus 220s - DL is a big customer for them.
If anything is too happen in the short term then it may be possible that the E175s will get swapped out for the A220s as the US regional scene seems to like the E175s!
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Old 11th Jan 2019, 10:14
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I may be wrong but I feel Flybe can trace it's current dire position to the over ambitious fleet growth some years ago when Jim French was in charge. Large numbers of E Jets and Q400s transformed the regional airline, but made it very vulnerable to changes within the economy. Perhaps had there been a slower and more organic growth the airline would have been less stretched and better placed to weather financial downturns. Yes I know, it's easy to be wise after the event!


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Old 11th Jan 2019, 10:31
  #1316 (permalink)  
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So with Stobart absorbed into this new entity, what happens to those aircraft flying branded as Aer Lingus Regional?

If that arrangement is allowed to expire, it shouldn't make a massive difference to the Cork routes, other than losing the Aer Lingus sales platform in Ireland; they are largely point-to-point thin routes. For the Dublin routes, feeding Aer Lingus long-haul is part of the bread and butter. Aer Lingus certainly won't want to lose the feed, but it may not match what Virgin want. Working things through, Delta will fundamentally own 15% of the new company and they aren't going to be happy feeding a transatlantic competitor.
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Old 11th Jan 2019, 10:40
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Some additional info from Flight:

The activities of Stobart Air, which will also be contributed to Connect Airways, will continue under its own separate Irish AOC with its current franchise and leasing operations
Flybe’s network will be adjusted to improve connectivity with Virgin Atlantic’s long-haul networks at London Heathrow and Manchester. The document indicates that the route optimisation will “likely” result in a “limited reduction” in the number of aircraft in the Flybe fleet, which currently stands at 76 – a mix of Bombardier Q400s and Embraer E-Jets.
Cuts likely as Virgin shapes Flybe-Stobart combination - Flight Int
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Old 11th Jan 2019, 10:55
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Originally Posted by 840
So with Stobart absorbed into this new entity, what happens to those aircraft flying branded as Aer Lingus Regional?

If that arrangement is allowed to expire, it shouldn't make a massive difference to the Cork routes, other than losing the Aer Lingus sales platform in Ireland; they are largely point-to-point thin routes. For the Dublin routes, feeding Aer Lingus long-haul is part of the bread and butter. Aer Lingus certainly won't want to lose the feed, but it may not match what Virgin want. Working things through, Delta will fundamentally own 15% of the new company and they aren't going to be happy feeding a transatlantic competitor.
I don't think there will be any changes, for now, as the current Aer Lingus Regional deal runs to 2022. CityJet & Air Nostrum have both expressed interest in tendering for the franchise, now they have merged I expect them to be a tough competitor for the contract.

I think one of the changes might be that the ATR operation for SAS would move to the RE certificate, streamlining the fleet a little bit, with the ATRs for EI and SK and the Q400s for VS. The E-175/195s will be interesting to watch. The 195s are meant to be gone from BE by years end, but Stobart will still have 5 190/195s.
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Old 11th Jan 2019, 11:10
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As an inhabitant of Newcastle (Flybe's routes to and from which go nowhere near MAN or LHR) who likes the occasional trip to the Channel Islands via SOU, the relentless emphasis in the press release on feed to MAN and LHR worries me. Virgin Atlantic branding on an aircraft flying between GCI and SOU, or NCL and EXT, just doesn't seem to make sense. Big cuts to UK regional flying on the way, I fear
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Old 11th Jan 2019, 11:18
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Originally Posted by jensdad
As an inhabitant of Newcastle (Flybe's routes to and from which go nowhere near MAN or LHR) who likes the occasional trip to the Channel Islands via SOU, the relentless emphasis in the press release on feed to MAN and LHR worries me. Virgin Atlantic branding on an aircraft flying between GCI and SOU, or NCL and EXT, just doesn't seem to make sense. Big cuts to UK regional flying on the way, I fear

I use the NWI-EXT route often, loads often 80% plus nowadays, of course that still doesn't mean it makes money, I fear that regional connection will be lost now and the 6 hour car journey will return.
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