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Flybe-9

Old 17th Jan 2019, 20:23
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I was talking to someone a couple of months ago who was closely involved at the time, but is no longer connected. He reckoned that the whole revenge agenda against Loganair had been cooked up by the Chairman and then supported or at least not challenged by COW. Flybe had apparently lost around £5 mln of income with Loganair on side and the losses from the competition were nearly double that, so they had gone from plus £5 mln to about minus £15 mln on the whole thing. It was so bad that they were having crisis meetings at least twice a week and sometimes daily to try to work out what to do next. I bet that £15mln would have come in handy over the last few weeks but it was burned over a year ago.

It does sound like there were several people whose job was to shield the Chairman and CEO from bad news and make sure that they were teflon coated so nothing going wrong stuck to them. I've heard the words "self interest" quite frequently. Easy to say with hindsight but the warning signs were out there though. Blaming last autumn's results on high fuel costs when their own financial statements said 91% of fuel had been hedged was a bit rich.
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Old 18th Jan 2019, 10:27
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I am also reasonably well connected and completely agree with Alber Hall’s first paragraph above. I can’t comment on the second paragraph. As Loganair’s MD said at the time, it was a fight that Loganair couldn’t afford to lose so why FlyBe picked it was surely just down to ego.
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Old 18th Jan 2019, 10:36
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Senor Management will often keep up appearances by being seen to do something to lengthen their time in office and maximise their income IMHO
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Old 18th Jan 2019, 15:19
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They did a similar thing to Air Southwest in 2011 which very sadly worked.
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Old 18th Jan 2019, 15:27
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Flyb e say . No change to routes or timetable until Oct 19
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Old 18th Jan 2019, 15:29
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What exactly DID they fall out with Loganair over that got so out of hand? Was the proposed new franchise agreement a lot less attractive to one party or both?
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Old 18th Jan 2019, 16:58
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Originally Posted by bazilbutler
They did a similar thing to Air Southwest in 2011 which very sadly worked.
Wasnt it the closure of Plymouth that caused their demise rather than BE coming into NQY? If that hadn’t have happened I think it would have been BE that blinked first.
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Old 18th Jan 2019, 17:45
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Originally Posted by Skipness One Foxtrot
What exactly DID they fall out with Loganair over that got so out of hand? Was the proposed new franchise agreement a lot less attractive to one party or both?
i seen to recall Loganair citing that some of the new franchise terms were unfavourable. Costs and penalties for punctuality. I can’t find the source but I think the contract tried to hold Loganair to an on time performance much higher than the industry and Flybe’s own.

in other news Flybe are rigorously enforcing hand baggage dimensions here in Manchester with 2pax asked to go and pay for oversized luggage. Struggle with the comms though - ‘starting yesterday we charge for this now’ - why not say you’ve always been out of policy so you were lucky not to be charged before!
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Old 19th Jan 2019, 09:30
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Anyways...

Sky News reporting that Flybe`s largest shareholder with a near 19% stake is furious with the directors of Flybe concerning recent events & is exploring all options including an injunction prohibiting the deal from being completed.
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Old 19th Jan 2019, 09:49
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Originally Posted by ifu05596

in other news Flybe are rigorously enforcing hand baggage dimensions here in Manchester with 2pax asked to go and pay for oversized luggage. Struggle with the comms though - ‘starting yesterday we charge for this now’ - why not say you’ve always been out of policy so you were lucky not to be charged before!
Absolutely. They started the new policy in 2016, so the staff are not helping themselves with their wording. On another note, with the stricter zero tolerance enforcement and charging across all stations coming into play more recently, Flybe could have been doing a lot more to remind passengers - so as to help staff and boarding. Posting on social media is essentially free for them to do. Along with better wording during booking and online check-in. They shouldn't shame away from saying something along the lines "our maximum cabin bag size dimensions may be smaller than some other airlines.. ". Especially when its still free to carry two items onboard. Ultimately however, they should have enforced it fully and consistently from from the start. Then they wouldn't be getting all this negative feedback right now after so many people have broke their terms for so long.
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Old 19th Jan 2019, 10:14
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Originally Posted by Cazza_fly
They shouldn't shame away from saying something along the lines "our maximum cabin bag size dimensions may be smaller than some other airlines.. ". Especially when its still free to carry two items onboard. Ultimately however, they should have enforced it fully and consistently from from the start. Then they wouldn't be getting all this negative feedback right now after so many people have broke their terms for so long.
Couldnt agree more. I couldn’t help but have a chuckle when one passengers defence was that they were cabin crew for another airline travelling for work and she was under the impression that she could just have her employer’s hand luggage sized bag. If fellow compadres in the industry can’t stick to the rules what hope do they have with Joe Bloggs.
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Old 19th Jan 2019, 10:58
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Any thoughts on the future of Flybe's wet lease ATR operation for SAS out in Sweden? Do they have a European AOC in place in preparation for Brexit?
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Old 19th Jan 2019, 13:44
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Originally Posted by Skipness One Foxtrot
What exactly DID they fall out with Loganair over that got so out of hand? Was the proposed new franchise agreement a lot less attractive to one party or both?
Flybe presented Loganair with a new franchise agreement with, I suppose laudably, higher standards. However, it failed to take into account the fact that Loganair flies to destinations with some of the UK's harshest weather. I think Flybe also wanted more money overall.

So Loganair decided (or were forced) to fly under their own name again, and where negotiating a codeshare agreement with Flybe.

Unknown to them, Flybe had other ideas... cherry-picking Loganair's best routes (to the islands) and using Eastern as their new franchise partner, to compete directly with Loganair.
It was a disaster, with Eastern's Embraer totally unsuitable for the Shetland run, in the first two months they cancelled 32% of services, while Loganair cancelled 17%.
Fares of £29 from Shetland to Aberdeen didn't attract passengers, and some loads were in single figures.
I recall, at Kirkwall, seeing 2 passengers boarding a Flybe flight to Aberdeen.



https://www.shetnews.co.uk/2017/12/0...at-went-wrong/

https://www.orcadian.co.uk/flybe-end-kirkwall-flights/
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Old 20th Jan 2019, 10:34
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Originally Posted by C195

Any thoughts on the future of Flybe's wet lease ATR operation for SAS out in Sweden? Do they have a European AOC in place in preparation for Brexit?
just register it from sweden
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Old 20th Jan 2019, 11:45
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Originally Posted by C195

Any thoughts on the future of Flybe's wet lease ATR operation for SAS out in Sweden? Do they have a European AOC in place in preparation for Brexit?
With the formation of Connect Airways and the proposal to incorporate Stobart Air and Flybe into the one holding company but operating separately, they'll retain two operators, one of which has an EU AOC and the other UK. Subject to Brexit, I guess there is potential for for the SAS operation to transfer to Stobart if necessary?

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Old 20th Jan 2019, 21:36
  #1476 (permalink)  
 
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Originally Posted by Refuellerman
just register it from sweden
How about ownership rules? It is not simply a question of registering a subsidiary in an EU country.
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Old 20th Jan 2019, 22:01
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Originally Posted by airsouthwest
Its funny you say that the CEO puts herself first, as the new Connec Airways deal transfers not only her but the CFO too. Amazing how shes dragged the airline to bankruptcy, causing massive potential job losses, but at least she gets to keep her own job! Bloody disgraceful.
surely a transitional arrangement. VA would be mad to allow that...
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Old 21st Jan 2019, 08:09
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Takeover in Doubt due to insider trading by the Board

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Old 21st Jan 2019, 08:11
  #1479 (permalink)  
 
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Takeover in Doubt due to insider trading by the Board
That's not what the article alleges. Insider Trading is a criminal offence, as is false accusation.
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Old 21st Jan 2019, 08:30
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“Close to You”

Insider trading does not necessarily mean the illegal trading of shares. In this case it was the leaking of price sensitive information. The noose is tightening. Shares will soon be suspended. Absolutely disgraceful by the BOD.

https://flybeplc.github.io/deal/
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