Flybe-9
Join Date: Jun 2007
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To be honest I think it's being over thought somewhat. All the CEO is doing (if you read the article) is looking into the future and wondering where the industry's pilots are coming from going forward and is also using the fact that females make up such a small percentage of flightdeck worldwide so why not try and tap into that market and try and encourage more females to take up flight training. I think it's a good thing. Also all her energy clearly isn't taken up with this and the eye isn't off the ball regarding profitability, those that think so need a rethink.
As for the E175, well what can Flybe do? It was Mr French who thought it was a great idea, Saad H & COW have just inherited them and there's no way out of the deal. The E195 was the worst deal in aircraft buying/leasing history and the E175 wasn't far behind it, but Flybe are stuck with them, end of story. Saad offloaded 24 E175 orders for dash 8s with Republic Airlines, that was the only way out of the ones on order but it left 4 to obtain and those 4 have to arrive, there simply is nowhere to go with them. The reason Flybe had to expand so quickly was because they had to receive the Q400s in the Republic deal, which, let's face it if it didn't happen Flybe probably wouldn't be here today. These Q400s couldn't sit on the ground so routes had to be found to fly them and this is why Flybe are retracting as a business because in an already highly saturated European market the only viable routes were thin margin routes or an increase in frequency on current good performing routes. This still leaves Flybe with more aircraft than they want and the hand back and reduction in fleet is a slow process but at least it saved it's backside. The restructuring clearly needs to be done before the cash runs out and on that note the financial figures are starting to bear fruit which hopefully we'll see in the next set of results due out soon.
As for the E175, well what can Flybe do? It was Mr French who thought it was a great idea, Saad H & COW have just inherited them and there's no way out of the deal. The E195 was the worst deal in aircraft buying/leasing history and the E175 wasn't far behind it, but Flybe are stuck with them, end of story. Saad offloaded 24 E175 orders for dash 8s with Republic Airlines, that was the only way out of the ones on order but it left 4 to obtain and those 4 have to arrive, there simply is nowhere to go with them. The reason Flybe had to expand so quickly was because they had to receive the Q400s in the Republic deal, which, let's face it if it didn't happen Flybe probably wouldn't be here today. These Q400s couldn't sit on the ground so routes had to be found to fly them and this is why Flybe are retracting as a business because in an already highly saturated European market the only viable routes were thin margin routes or an increase in frequency on current good performing routes. This still leaves Flybe with more aircraft than they want and the hand back and reduction in fleet is a slow process but at least it saved it's backside. The restructuring clearly needs to be done before the cash runs out and on that note the financial figures are starting to bear fruit which hopefully we'll see in the next set of results due out soon.
Join Date: Mar 2004
Location: Dorset
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There have been far worse leasing deals in history. Perhaps not Flybe’s history but definitely elsewhere.
And I think the jury is still out on the restructuring at Flybe. Revenue showed positive numbers but as growth in costs far outstripped the revenue growth then the “fruit” is still very much yet to harvest.
And I think the jury is still out on the restructuring at Flybe. Revenue showed positive numbers but as growth in costs far outstripped the revenue growth then the “fruit” is still very much yet to harvest.
Join Date: Jun 2007
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Albert Hall, you state the obvious and yes, maybe there have been worse deals worldwide, it's a flippant comment I've heard from the powers that be to emphasise how bad it was, try not to hang your hat on every single comment.
Join Date: Aug 2007
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Summer 2019
Understand 2019 the rest of the timetable will be out in the next week or two. I don't think many new routes just extra flights or exe to Paris up to 13w. Plus amsterdam. edincould get extra flights if they keep them happy!?
Join Date: Aug 2006
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Summer 2019
I highly doubt any new routes at all in 2019. An interview with Flybe management (sorry can't remember the individuals name) in this months Airliner World magazine states that BE will in fact be dropping a number of routes compared to summer 2018. The same interview also states that domestic flying will remain the core business supported by a few international routes.
BE still very much in right sizing mode whilst it tries to restructure and focus on where it sits in the UK aviation industry.
BE still very much in right sizing mode whilst it tries to restructure and focus on where it sits in the UK aviation industry.
Join Date: Feb 2018
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I highly doubt any new routes at all in 2019. An interview with Flybe management (sorry can't remember the individuals name) in this months Airliner World magazine states that BE will in fact be dropping a number of routes compared to summer 2018. The same interview also states that domestic flying will remain the core business supported by a few international routes.
BE still very much in right sizing mode whilst it tries to restructure and focus on where it sits in the UK aviation industry.
BE still very much in right sizing mode whilst it tries to restructure and focus on where it sits in the UK aviation industry.
Join Date: May 2018
Location: DK
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Join Date: May 2018
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executive changes
In July it had been announced that Sir Timothy (Timo) Anderson will replace Luke Farajallah as the COO on 15 October. Luke to stay with Flybe until the end of October. He is still listed on the flybe management team but his linked in account says that he is Chairman at TARCG.
What changed on the relevant flybe website is that the CIO Peter Hauptvogel disappeared. And a new face Rob Pendle is now listed who is not a replacement for the CIO but CTO. Both changes have not been announced.
The only announcement today that I found is that Glenn Torpy has been appointed as external chair of Flybe's safety and security committee.
I am a bit puzzled....
What changed on the relevant flybe website is that the CIO Peter Hauptvogel disappeared. And a new face Rob Pendle is now listed who is not a replacement for the CIO but CTO. Both changes have not been announced.
The only announcement today that I found is that Glenn Torpy has been appointed as external chair of Flybe's safety and security committee.
I am a bit puzzled....
Join Date: Feb 2018
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Join Date: Dec 2017
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Apparently there has also been talks with City of Derry Airport in the past few weeks regarding potentially taking up the PSO to STN next year and 2 other routes. Some more details supposedly should arrive in the coming weeks. This comes from a “Trusted source” who has provided some details which have came to pass in the past.
Join Date: May 2018
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Flybe fresh profit warning
Expected result for the year 18/19 by £29m lower due to weaker demand, higher fuel prices and lower £.
Looks like that we should expect a further reduced schedule... and the uncertainties associated with brexit will not make it easier.
Looks like that we should expect a further reduced schedule... and the uncertainties associated with brexit will not make it easier.
Join Date: Aug 2004
Location: Hemel Hempstead
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Share price has taken a hammering this morning, currently -33%.
Join Date: May 2005
Location: Milton Keynes
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I think Flybe Is more vulnerable than many in the current political uncertainty. If Business travel is down and investment is down; and manufacturing is vulnerable, is provincial base means more impact is likely.
In essence cut back to the routes that they can and do make money on and can the rest - much smaller, slimmer operation, but one which does what shareholders want - makes profit and pays dividends!
Join Date: Feb 2018
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Does it run deeper than that? Is there a growing realisation that as BEA, and British Airways discovered, there is no money to be made out of connecting the regions of the UK by air. The best way forward may in fact be to make interlining arrangements with major carriers such as AF / KL and Lufthansa to feed into their hubs from UK regional airports, and retain just a few of the major domestics such as SOU, BHX and MAN to GLA / EDI and connecting Belfast to the main UK centres.
In essence cut back to the routes that they can and do make money on and can the rest - much smaller, slimmer operation, but one which does what shareholders want - makes profit and pays dividends!
In essence cut back to the routes that they can and do make money on and can the rest - much smaller, slimmer operation, but one which does what shareholders want - makes profit and pays dividends!
And why in these scenarios does Cardiff always gets dropped considering it's seen the most BE expansion lately and it's a government owned airport.
Join Date: Feb 2018
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