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Flybe-9

Old 22nd Feb 2019, 07:24
  #1701 (permalink)  
 
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Flybe Group has been left as an empty shell & is not anticipated that after meeting costs there will be any remaining funds available for shareholders the company has stated.

Shareholders are set to vote on a scheme by which Connect Airways will make a payment amounting to £0.01 per share to acquire the entire capital of the Flybe Group for which they have been strongly advised to vote in favour or otherwise probably receive no value for their shares in the now empty company.

Voting in favour will result in the company being de-listed by 11.3.

Voting against will probably result in the Flybe Group being wound up by the Directors.

Reports...
southside bobby is offline  
Old 22nd Feb 2019, 16:24
  #1702 (permalink)  
 
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I noticed in one of the reports that if the company had gone to the wall, all pensions would be lost as the pension fund was registered in the Isle of Man and is not covered by the Pension Lifeboat fund.Good luck to all the staff, but looks like Mr Tinkler has lost some £2 million.
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Old 22nd Feb 2019, 16:30
  #1703 (permalink)  
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Originally Posted by compton3bravo View Post
I noticed in one of the reports that if the company had gone to the wall, all pensions would be lost as the pension fund was registered in the Isle of Man and is not covered by the Pension Lifeboat fund.Good luck to all the staff, but looks like Mr Tinkler has lost some £2 million.
Not universally true - part of a pension fund from part of BA Connect which Flybe acquired 12 years ago would have been affected. Most employees pensions are held elsewhere.
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Old 22nd Feb 2019, 16:46
  #1704 (permalink)  
 
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Good to hear that speedrestrction.
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Old 28th Feb 2019, 17:38
  #1705 (permalink)  
 
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Flybe jet evacuated - rejected t/o

Just look at the goons lothering at the jet exhaust area and main undercarriage, given the passenger interviewed by Sky who claimed there was a strong smell of fuel on-board one has got to question how were pax allowed exit and then unsupervised to allow them up close access to the engines.

What if the a/c caught fire or fuel vapours ignited, what then for the pax up close?
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Old 28th Feb 2019, 18:37
  #1706 (permalink)  
 
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Fair question mik3bravo. But you know from previous experience that if you question anything safety related - no matter how reasonable and logical your view - they will turn on you with their how dare you snipes.

By a strange? coincidence the aircraft involved is..........
​​​​​​
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Old 28th Feb 2019, 19:15
  #1707 (permalink)  
 
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Originally Posted by DC3 Dave View Post
Fair question mik3bravo. But you know from previous experience that if you question anything safety related - no matter how reasonable and logical your view - they will turn on you with their how dare you snipes.

By a strange? coincidence the aircraft involved is..........
​​​​​​
Is that the jet that always went tech at SEN? If so, they should retire the damn thing right now!
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Old 28th Feb 2019, 19:59
  #1708 (permalink)  
 
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No, let me quickly say I'm not saying that. It's simply a question of whether some aircraft are less reliable than others (and my friend previously asked whether there was a correlation between reliability and safety). With regard to the professionalism of those involved let me make myself clear, I am truly humbled by everyone involved on that aircraft whose decisions and actions resulted in over one hundred people being safely evacuated.
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Old 1st Mar 2019, 07:54
  #1710 (permalink)  
 
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Laffin and COW in the spotlight again

Yesterday morning at 7:20AM on R4 Today prog Willy Walsh was being interviewed about IAG/BA interviewer asked “ has BA been similarly affected by the issues suffered by other airlines Flybe etc, he answered something like “not at all were doing great … these are excuses and are not true, Flybe has been badly run for some time and anything that comes out of the board shouldn’t be taken seriously”
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Old 1st Mar 2019, 08:14
  #1711 (permalink)  
 
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Originally Posted by Weathergirly View Post
Yesterday morning at 7:20AM on R4 Today prog Willy Walsh was being interviewed about IAG/BA interviewer asked “ has BA been similarly affected by the issues suffered by other airlines Flybe etc, he answered something like “not at all were doing great … these are excuses and are not true, Flybe has been badly run for some time and anything that comes out of the board shouldn’t be taken seriously”
To be more exact, at about 1:18 into the programme (audio here), WW was asked about flybe pointing to Brexit as one of the reasons for its failure, and he said:
"I think flybe was making up a number of excuses for what has been a poor performance over a number of years, so quite honestly I would dismiss what flybe has said, because it's not really relevant to the industry at large. There are issues that Brexit means we need to address, but these are issues that the industry at large and certainly IAG can address without too much concern."
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Old 1st Mar 2019, 08:58
  #1712 (permalink)  
 
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Originally Posted by stewyb View Post


Is that the jet that always went tech at SEN? If so, they should retire the damn thing right now!
Seems to be G-FBEJ from the photo in article
https://news.sky.com/story/flybe-jet...rport-11651043
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Old 1st Mar 2019, 09:16
  #1713 (permalink)  
 
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Originally Posted by Cyrano View Post
To be more exact, at about 1:18 into the programme (audio here), WW was asked about flybe pointing to Brexit as one of the reasons for its failure, and he said:
"I think flybe was making up a number of excuses for what has been a poor performance over a number of years, so quite honestly I would dismiss what flybe has said, because it's not really relevant to the industry at large. There are issues that Brexit means we need to address, but these are issues that the industry at large and certainly IAG can address without too much concern."
flyBe does have a number of challenges, the double APD is one and the props don’t help the reputation much either. Fundamentally, it was hamstrung with expensive leases for aircraft which meant the aircraft could never make money. I’m not sure that Virgin/Stobart is the solution for all these problems, but they might be able to refinance/negotiate leases on the jet fleet.

I still think a mixed fleet of Q400s and A220/used A319/73G could work, in place of the Embraers. A UK version of Volotea, if you like. I don’t think any low-cost airline has made p2p E175/195 service work? BA Cityflyer from LCY is an exception, but quite a high yield market, apparently.
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Old 1st Mar 2019, 17:35
  #1714 (permalink)  
 
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Low cost

With All aircraft being repainted Virgin Atlantic i cant see it remaining low cost
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Old 2nd Mar 2019, 00:46
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Originally Posted by brian_dromey View Post


flyBe does have a number of challenges, the double APD is one and the props don’t help the reputation much either. Fundamentally, it was hamstrung with expensive leases for aircraft which meant the aircraft could never make money. I’m not sure that Virgin/Stobart is the solution for all these problems, but they might be able to refinance/negotiate leases on the jet fleet.

I still think a mixed fleet of Q400s and A220/used A319/73G could work, in place of the Embraers. A UK version of Volotea, if you like. I don’t think any low-cost airline has made p2p E175/195 service work? BA Cityflyer from LCY is an exception, but quite a high yield market, apparently.
I totally agree , thevA220 1/300 and planned '400' stretch. Are outstanding aircraft.
But I don't agree with getting rid of the ' Evjets unless they are to be replaced with 'E2' series .
Having seen them in action they take off ( take the E175 for example, flying out of DSA , ) it climbs like a rocket .
I am not sure how Flybe got it wrong , they chose decent aircraft.

Sadly one cannot help but wonder if the problem with Bmi Regional was just two very small types of Aircraft.
Perhaps if they had used E170/5 190 series .
And Q400. They might have survived .
But definitely the A220 , it's everything the A319 ' Neo isn't ' .

Airbus saw a clean sheet design, that can be a new ' base to work from ' , given their A319/320/321 even with the Neo , are a Thirty year old design.
Still good aircraft of course, and I much prefer them to a Boeing .

Anyway let's hope the merger / rescue goes ahead . As for increasing prices , that would be the fastest route to failure.
And I doubt Branson wants his second go at ' regional flying ' to go belly up .
However I can't see why it can't be called
' Connect Airways ' and include ' By Virgin Group as a logo somewhere on the paint scheme .

It's been done with Eastern / Stobart and Flybe. Even Stobart on ex Aer Arran .








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Old 2nd Mar 2019, 04:52
  #1716 (permalink)  
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Originally Posted by EGPO View Post
Having seen them in action they take off ( take the E175 for example, flying out of DSA , ) it climbs like a rocket .
Is that because they're half empty?
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Old 2nd Mar 2019, 06:51
  #1717 (permalink)  
 
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Originally Posted by jmccrew View Post
With All aircraft being repainted Virgin Atlantic i cant see it remaining low cost
The onboard product will remain the same.
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Old 2nd Mar 2019, 07:25
  #1718 (permalink)  
 
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Originally Posted by PDXCWL45 View Post
The onboard product will remain the same.
the current onboard product is not the same as Virgin Atlantic And doubt they will want to dilute the brand . If it was to be named Vigin Express etc then keeping the current product would be ok . I imagine the product would be in keeping with VS/KLM/AF
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Old 2nd Mar 2019, 07:42
  #1719 (permalink)  
 
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Originally Posted by jmccrew View Post

the current onboard product is not the same as Virgin Atlantic And doubt they will want to dilute the brand . If it was to be named Vigin Express etc then keeping the current product would be ok . I imagine the product would be in keeping with VS/KLM/AF
I know its not the same but I've been informed that the flybe operation will remain buy on board even when the aircraft get branded virgin. So it will be a case of wait and see to see if that info is correct.
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Old 2nd Mar 2019, 08:07
  #1720 (permalink)  
 
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Originally Posted by jmccrew View Post

the current onboard product is not the same as Virgin Atlantic And doubt they will want to dilute the brand . If it was to be named Vigin Express etc then keeping the current product would be ok . I imagine the product would be in keeping with VS/KLM/AF
You can't take a loss making Airline, stick some V stickers on the side and up the service standards to match the likes of VS et al and expect it to make money. There will no doubt be a change to the training standards in line with VS training. VS are very customer focused lately and that is scoring them huge points, especially seeing as BA is seeing a decline in what they are offering.
As for the on board product and fare structure, VS/connect need to remember that for now they will still be a regional Airline flying short sectors in competition with the likes of EZY and FR. People don't necessarily want the full service on these short routes. They want convenience, good service and reliability. What VS themselves will want to do though is ensure any connecting passengers get the VS feel from the start of the journey, especially if in Premium or Upper on the connecting flight.
Flybe in it's current state is too big to serve just VS, so the regional flying will likely continue after some very in depth route analysis.
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