Flybe-9
Join Date: Apr 2013
Location: Scotland
Age: 31
Posts: 53
CLASS ACTION AGAINST FLYBE BOARD of DIRECTORS
Following discussion I have made a formal offer of advice by a senior barrister within a reputable national chamber. The partner has 15+ years experience with notable cases involving aviation and professional negligence.
If you are interested in taking part, and have not already contacted me, please email [email protected], being sure to include:
- contact details
- approximate loss amount
- whether you consent for your contact details to be shared with other interested shareholders
I will then write to advise on next steps.
Happy to take other queries at this address. Thanks
If you are interested in taking part, and have not already contacted me, please email [email protected], being sure to include:
- contact details
- approximate loss amount
- whether you consent for your contact details to be shared with other interested shareholders
I will then write to advise on next steps.
Happy to take other queries at this address. Thanks
Join Date: Apr 2012
Location: southend on sea
Posts: 96
Originally Posted by Weathergirly
STATEMENT FROM ANDREW TINKLER FOLLOWING HIGH COURT JUDGEMENT, FRIDAY 15 FEBRUARY
High Court Rules Stobart Directors Rigged AGM VoteStobart’s claims on ‘conspiracy’ and expenses rejected
Andrew Tinkler calls for Warwick Brady and fellow directors to resign
Following a two-week trial in November 2018, the Judge (HHJ Russen) has found that Iain Ferguson, Warwick Brady, Andrew Wood and John Coombs have breached their fiduciary duties to Stobart Group by using company funds to gerrymander a vote at the July 2018 AGM in their favour. The Judge ruled that all four directors had acted for “improper purposes” by trying to manipulate the vote.
Mr Tinkler said: “In light of the Judge’s findings, Mr Brady, Mr Ferguson, Mr Coombs and Mr Wood have no place on the Board of Stobart Group and they should all step down without further delay.”
only told 1/5 of the story there I think !!!
Join Date: Nov 2007
Location: Northern Ireland
Posts: 112
Originally Posted by Weathergirly
STATEMENT FROM ANDREW TINKLER FOLLOWING HIGH COURT JUDGEMENT, FRIDAY 15 FEBRUARY
High Court Rules Stobart Directors Rigged AGM Vote
Stobart’s claims on ‘conspiracy’ and expenses rejected
Andrew Tinkler calls for Warwick Brady and fellow directors to resign
Following a two-week trial in November 2018, the Judge (HHJ Russen) has found that Iain Ferguson, Warwick Brady, Andrew Wood and John Coombs have breached their fiduciary duties to Stobart Group by using company funds to gerrymander a vote at the July 2018 AGM in their favour. The Judge ruled that all four directors had acted for “improper purposes” by trying to manipulate the vote.
Mr Tinkler said: “In light of the Judge’s findings, Mr Brady, Mr Ferguson, Mr Coombs and Mr Wood have no place on the Board of Stobart Group and they should all step down without further delay.”
High Court Rules Stobart Directors Rigged AGM Vote
Stobart’s claims on ‘conspiracy’ and expenses rejected
Andrew Tinkler calls for Warwick Brady and fellow directors to resign
Following a two-week trial in November 2018, the Judge (HHJ Russen) has found that Iain Ferguson, Warwick Brady, Andrew Wood and John Coombs have breached their fiduciary duties to Stobart Group by using company funds to gerrymander a vote at the July 2018 AGM in their favour. The Judge ruled that all four directors had acted for “improper purposes” by trying to manipulate the vote.
Mr Tinkler said: “In light of the Judge’s findings, Mr Brady, Mr Ferguson, Mr Coombs and Mr Wood have no place on the Board of Stobart Group and they should all step down without further delay.”
Logistics firm Stobart Group on Friday welcomed a high court judgement which it claimed left it victorious in a fight with rebel shareholder Andrew Tinkler.
https://www.standard.co.uk/business/...-a4068141.html
However, the judge rejected Mr Tinkler's argument the other directors "acted for the improper purpose of retaining their control of the company".He found they breached their duties by transferring 5.3m shares ahead of an Annual General Meeting, which it was claimed could have swayed the vote re-electing Mr Ferguson as chairman.However, the judge said they acted "with the company's best interests in mind" in doing so.
https://www.bbc.co.uk/news/uk-england-cumbria-47253158
Last edited by allan1987; 15th Feb 2019 at 23:00. Reason: space
Join Date: Apr 2016
Location: Essex
Posts: 1,015
BMI have ceased trading. Are those who are vehemently opposed to the Virgin / Stobart deal willing to now consider the possibility that just maybe Flybe was damned lucky that there was somebody - anybody - out there to come to their rescue.
Join Date: Jun 2016
Location: Belfast
Posts: 0
Originally Posted by DC3 Dave
BMI have ceased trading. Are those who are vehemently opposed to the Virgin / Stobart deal willing to now consider the possibility that just maybe Flybe was damned lucky that there was somebody - anybody - out there to come to their rescue.
Now raise it up a level an that is nearing how stubborn some are to change
Join Date: Jul 2011
Location: Dublin
Posts: 1,164
An Arizona-based commuter airline is backing a proposal to shore up the finances of Flybe, the struggling regional carrier, in a last-ditch effort to scupper a takeover led by Virgin Atlantic Airways.
Sky News can exclusively reveal that Mesa Air Group, which is headquartered in Phoenix, is part of a consortium which has tabled an offer to inject £65m of new equity into Flybe.
Sky News can exclusively reveal that Mesa Air Group, which is headquartered in Phoenix, is part of a consortium which has tabled an offer to inject £65m of new equity into Flybe.
Join Date: Mar 2011
Location: East Midlands
Posts: 453
Originally Posted by EI-EIDW
Join Date: Apr 2013
Location: Scotland
Age: 31
Posts: 53
https://news.sky.com/story/arizona-a...-deal-11642267
This proves there is God and will probably keep the Board out of prison.
We can now get Laffin and COW out, get Kohn in and start moving forward.
This is such good news for everybody.
This proves there is God and will probably keep the Board out of prison.
We can now get Laffin and COW out, get Kohn in and start moving forward.
This is such good news for everybody.
Join Date: Aug 2014
Location: East London
Age: 38
Posts: 215
Forgive my cynicism but what do Mesa bring to the table? If it were Air Nostrum riding in I might understand the logic more but other than slightly better buying power for new aircraft I can’t see the benefit for an airline flying under the banner of AA & UA working with different model and fleet thousands of miles away.
Join Date: Nov 2007
Location: Northern Ireland
Posts: 112
cant see this deal with mesa airlines going though
plus
https://www.thisismoney.co.uk/money/...Flybe-50m.html
plus
Ruthless credit card firms starved Flybe of £50m
https://www.thisismoney.co.uk/money/...Flybe-50m.html
Join Date: Nov 2013
Location: Somerset
Posts: 115
Whatever happens, do the Flybe and flybmi models actually work any more? There seem to be simple economics at play. If you can fill the aircraft with the lowest seat/mile costs, then the route is viable. The tiny sub-market of small aircraft and higher fares for business users is marginal and likely to be swamped by a lo-co the minute the route shows any sign of volume demand. Do either bidders for Flybe aim to change the model to Lo-co or keep it staggering on as is?
Join Date: Nov 2013
Location: UK
Posts: 1
Originally Posted by tom7130
Sorry to burst anyone but it looks like Flybe has now complete the sale of the airline website and maintenance
Join Date: Mar 2011
Location: East Midlands
Posts: 453
Originally Posted by Blackfriar
Whatever happens, do the Flybe and flybmi models actually work any more? There seem to be simple economics at play. If you can fill the aircraft with the lowest seat/mile costs, then the route is viable. The tiny sub-market of small aircraft and higher fares for business users is marginal and likely to be swamped by a lo-co the minute the route shows any sign of volume demand. Do either bidders for Flybe aim to change the model to Lo-co or keep it staggering on as is?
I REALLY SHOULDN'T BE HERE
Join Date: Dec 2005
Location: TOD
Posts: 1,402
Mesa's business model is to fly regional services on behalf of US mainline carriers. They may see some mileage in the model in Europe. Flybe has too many aircraft in the UK it would appear. Perhaps a fleet redistribution would be on the cards in the event of a successful bid.
It is harder to sell onboard to business people on 40 minute flight to another UK city than when you have people sitting down the back for 2+ hours. Additionally their baggage requirements are less. Priority boarding is not such an issue when a lot of the passengers are business pax with maybe only a laptop case - embarkation and disembarkation on the Dash eight never take particularly long. If BE is to make money it needs to be on the fare. It is hard to do this when your fleet size is so large that basically you are diluting your own yield through having an excessive number of rotations between airports. The company needs to shrink the fleet or diversify the business model. The company does not have enough cash to renew the fleet which means that they are basically stuck with the current fleet of Dash + ERJ. The Dash is (in my opinion) not fit for anything much further than 1hr 15mins due to comfort issues so there is not much scope to change length of sector so as I see it, BE's path back to profitability is through capacity management and/or flying for someone else. The Embraers offer a bit more flexibilty in terms of sector length but the problem is that they are not cost competitive on longer routes vs a full 737 or 320. I think the Virgin feeder thing will be of limited scope - I cant see LHR allowing any serious number of Dash 8 or 175 rotations into the airport due to wasted capacity. Regrettably there is no easy option for BE.
What they have always struggled with to make money on unlike their LCC competitors, is their reluctance to push and increase ancillary revenue spends.
Last edited by speedrestriction; 20th Feb 2019 at 11:43.
