Flybe-9

[flybeboy]

Flyb e say . No change to routes or timetable until Oct 19

[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?

[AirportPlanner1]

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.

[ifu05596]

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!

[southside bobby]

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.

[Cazza_fly]

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.

[ifu05596]

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.

[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?

[SealinkBF]

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/

[Refuellerman]

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

[JobsaGoodun]

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?

[airsouthwest]

Originally Posted by Albert Hall

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.

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.

[virginblue]

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.

[ifu05596]

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...

[Hudson Bay]

Takeover in Doubt due to insider trading by the Board

http://www.travelweekly.co.uk/articl...eover-of-flybe

[LGS6753]

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.

[Hudson Bay]

“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/

[racedo]

Originally Posted by Hudson Bay

“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/

You are accusing people of a CRIMINAL offense. Yet you provide little to back this up.

As for using Companies House data as a claim of proof, really a load of garbage.

Companies House is not a real time instant update system. Deliberately so because of the whole nature of what it represent and that information has to be checked and verified before records can be changed. Depending on the situation it can be weeks before something like ownership or shareholdings are changed because the legal paperwork behind this must be correct before anybody attempt to change the status of a company. However legal undertakings and Directors guarantees will already be in place and these will need to be gone through by all sides legal teams before you change anything. Information is then backdated to the relevant date.

Directors leave companies all the time and if there is litigation in terms of severance package or issues outstanding then said director may stay as a director until such time as issues are ironed out and all legal paperowrk has been completed. It is not uncommon for someone to have left on 1st Feb and the records not updated until the December just before year end but it dated as leaving on Feb 1. Companies House are very clear that it is not their job to verify when someone actually left just to make the changes.

[Hudson Bay]

Racedo - are you drunk?

[V12]

Share price passed 5p yesterday, despite the consortium bid at 1p
Hoskins as a 20% shareholder are trying to stop the bid in the court.
Is there really a second bidder airline out there who sees value for them?
Is Hoskins just trying to wind the consortium price up?
Will it all fall apart?
And what happens to Flybe if the short term liquidity is withdrawn
Discuss/Explain please; my crystal ball just went extremely foggy...