Flybe-9
Join Date: May 2004
Location: Balmullo,Scotland
Posts: 921
Originally Posted by matkat
Absolutely
Join Date: Nov 1999
Location: Ireland
Posts: 1,621
https://www.thetimes.co.uk/article/t...kens-325q6mrzc
...And you can see why they’re livid. Mr Laffin took the Flybe chair in November 2013 with the shares at 120p, since when Otto, the blow-up doll from Airplane!, could have done a similar job.
Join Date: Aug 2008
Location: bishops stortford herts
Posts: 1,744
Being reported...
Flybe to allow & hold a shareholder vote probably in early March on whether to remove Chairman S.L. in the face of investor pressure.
In addition Mr T has also put forward an alternative financing proposal which would replace the Connect deal.
Flybe to allow & hold a shareholder vote probably in early March on whether to remove Chairman S.L. in the face of investor pressure.
In addition Mr T has also put forward an alternative financing proposal which would replace the Connect deal.
Join Date: Jun 2000
Location: UK
Posts: 450
According to the BOD Flybe do not have the funds to continue trading. If an injunction is sought there now is a fall back option from Tinkler. The company will be able to trade with Tinklers’ cash injection while Kohn exposes the wrong doings of Laffin and Co.
We need to support this action. If Virgin gets hold of the company it will be curtains for all of us.
We need to support this action. If Virgin gets hold of the company it will be curtains for all of us.
Join Date: Sep 2008
Location: Blighty
Posts: 4,327
What is Tinkler's plan to make Flybe profitable ? If he can't achieve this within perhaps 12 months, then supporting his bid is just a case of kicking the can down the road. Whatever the outcome for Flybe, it is likely that a lot of people who tried to do their job well will end up with a rather unfortunate change of circumstances
Join Date: Mar 2017
Location: EGAC
Posts: 87
It really comes down to an offer that will protect a large number of jobs for the foreseeable future, versus complaints from vulture capitalists who are unhappy at their investment not realising the return they had hoped for.
Join Date: Oct 2005
Location: Leeds, UK & Cork, Ireland
Posts: 1,007
Either way flyBe will look very different in 12-18 months.
If the deal goes well, Connect will operate ATRs for SAS and Aer Lingus (possibly streamlined on the Stobart AOC), ERJs for BA and KLM and E175s & Q400s for/in Virgin Colours. The UK network will likely focus on areas like MAN, LHR (limited), SEN, BHD, SOU, EXT, etc where flyBe have less LCC completion and should be able to charge higher fares. The Virgin brand might also be able to drive higher revenue - partially though connections, but also through brand recognition and FFP loyalty to VS and SkyTeam.
What might happen to the remainder of the E195s is unclear right now, but they likely will leave the fleet. If this deal fails and the airline collapses, everything will leave the fleet and investors will get nothing. Judging by the LGW slot sales and emergency cash injections, that’s a matter of weeks, without radical change.
If the deal goes well, Connect will operate ATRs for SAS and Aer Lingus (possibly streamlined on the Stobart AOC), ERJs for BA and KLM and E175s & Q400s for/in Virgin Colours. The UK network will likely focus on areas like MAN, LHR (limited), SEN, BHD, SOU, EXT, etc where flyBe have less LCC completion and should be able to charge higher fares. The Virgin brand might also be able to drive higher revenue - partially though connections, but also through brand recognition and FFP loyalty to VS and SkyTeam.
What might happen to the remainder of the E195s is unclear right now, but they likely will leave the fleet. If this deal fails and the airline collapses, everything will leave the fleet and investors will get nothing. Judging by the LGW slot sales and emergency cash injections, that’s a matter of weeks, without radical change.
Join Date: May 2005
Location: Milton Keynes
Posts: 980
I do think BHX stands to be smaller under the deal. VS and Stobart have little existing interest, and I doubt it is particuarly profitable - it probably cannot sustain the yield of many other bases. Hourly direct trains to Edinburgh and Glasgow too, with a journey time under 4 hours.
Join Date: Feb 2018
Location: Wales
Posts: 1,226
Originally Posted by 22/04
I do think BHX stands to be smaller under the deal. VS and Stobart have little existing interest, and I doubt it is particuarly profitable - it probably cannot sustain the yield of many other bases. Hourly direct trains to Edinburgh and Glasgow too, with a journey time under 4 hours.
Join Date: Jan 2006
Location: Solihull
Age: 56
Posts: 3,163
BHX
Originally Posted by PDXCWL45
I'd have thought that BHX would be there most profitable base. More point to point traffic and less connecting traffic from other airlines and further away from Scotland.
You only have to look at the fares charged and especially some of the last minute ones - Aberdeen out tomorrow morning back Wednesday evening was £505 return but while checking this it now sold out inbound, DUS completely full all three flights tomorrow, EDI out tomorrow morning and back Wednesday night £259 or £383. Stuttgart £327, Berlin TXL £446 (Out Tuesday back Thursday) - Amsterdam despite 11 flights by KLM and BE out tomorrow back Wednesday night £205 BE with KLM same times £626 return. Cheap compared to SAS CPH at £895 return on the cheap ticket.
These are only slightly higher than the norm due to the Spring Fair at the NEC and if you have the right yield management then you should be quids in although I suppose the Flybe accounts suggest they might be somewhat lacking in that department.
My gripe is that some of the winter reductions have not been reinstated during an annual trade show at the NEC with Lyon, Hamburg and Hanover not operating Tuesday or Wednesday, Milan Wednesday, Berlin Wednesday and Inverness Wednesday.
Pete
