Flybe-9
Join Date: Jul 2015
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More I analyse this, the more I'm coming back to the same conclusion as a few of you have speculated. Potentially, administration. Asset strip constituent entities to maximise asset disposal values, reconcile debtors and creditors, leave warranties & indemnities insurance to respond to residual liabilities. That may be the optimum as opposed to a rescue package with its significant risks.
Join Date: Aug 2010
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Dont shoot the messenger but have just seen this story online...
https://www.ft.com/content/9d5ab702-...-04b8afea6ea3t
The story mentions the flybe LGW slots? LGW to NQY?.......
I was thinking as I read the story about easyJet acquiring flybe - Manchester slots? flybe have a big operation at MAN - Surely easyJet would be interested in MAN slots...
https://www.ft.com/content/9d5ab702-...-04b8afea6ea3t
The story mentions the flybe LGW slots? LGW to NQY?.......
I was thinking as I read the story about easyJet acquiring flybe - Manchester slots? flybe have a big operation at MAN - Surely easyJet would be interested in MAN slots...
According to the FT EasyJet and Stobart are both looking at Flybe, EZY interested in parts of the business and STK the whole entity.or parts.
Stobart is not now ruling out another bid, potentially with the same structure as before — co-investment with a private equity partner and taken off Stobart’s balance sheet.
That latter statement seems quite specific so perhaps there might be more to it then the general speculation that is doing the rounds
Stobart is not now ruling out another bid, potentially with the same structure as before — co-investment with a private equity partner and taken off Stobart’s balance sheet.
That latter statement seems quite specific so perhaps there might be more to it then the general speculation that is doing the rounds
Lets face it what would Flybe offer to someone like that ?
According to the FT EasyJet and Stobart are both looking at Flybe, EZY interested in parts of the business and STK the whole entity.or parts.
Stobart is not now ruling out another bid, potentially with the same structure as before — co-investment with a private equity partner and taken off Stobart’s balance sheet.
That latter statement seems quite specific so perhaps there might be more to it then the general speculation that is doing the rounds
Stobart is not now ruling out another bid, potentially with the same structure as before — co-investment with a private equity partner and taken off Stobart’s balance sheet.
That latter statement seems quite specific so perhaps there might be more to it then the general speculation that is doing the rounds
Join Date: Mar 2009
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Dont shoot the messenger but have just seen this story online...
https://www.ft.com/content/9d5ab702-...-04b8afea6ea3t
The story mentions the flybe LGW slots? LGW to NQY?.......
I was thinking as I read the story about easyJet acquiring flybe - Manchester slots? flybe have a big operation at MAN - Surely easyJet would be interested in MAN slots...
https://www.ft.com/content/9d5ab702-...-04b8afea6ea3t
The story mentions the flybe LGW slots? LGW to NQY?.......
I was thinking as I read the story about easyJet acquiring flybe - Manchester slots? flybe have a big operation at MAN - Surely easyJet would be interested in MAN slots...
Whilst MAG might be grateful EZY take the MAN slots they will be shelll shocked if domestic air bridge disintegrates!
Join Date: Oct 2003
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Airport slots belong to the operating airline unless there is another agreement (such as a remedy agreement) that precludes this. Without the airline, the slot doesn't effectively exist for the airport to do anything with, thus no airport can ultimately decide what an airline does with this asset.
Join Date: Apr 2010
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Problem with FlyBe is that it is largely a domestic airline. Domestic flying is basically 'x' to London and FlyBe aren't really big at that because the big boys do it better.
So you're left with secondary or tertiary routes - many of which are barely viable.
The notion that the plane is faster than car or train is fine in theory but it's rarely true mainly because the K's airports are just awful places. By the time you've got to the airport, had to park a mile away, waited for a bus in the cold and rain to take you to the terminal, been shouted at and abused in a security queue and negotiated your way through a shopping centre, you could have already driven half way to where to you want to be. The trouble is even if the plane is faster than train or car it is rarely better as an overall experience - again because UK airports are just terrible places - and you have all the crappy baggage policies to deal with - none of which is an issue by train or car. Therefore even though people are traveling more than ever, non-London domestic flying appears not to have a bright future - therefore FlyBe does not have a bright future.
So you're left with secondary or tertiary routes - many of which are barely viable.
The notion that the plane is faster than car or train is fine in theory but it's rarely true mainly because the K's airports are just awful places. By the time you've got to the airport, had to park a mile away, waited for a bus in the cold and rain to take you to the terminal, been shouted at and abused in a security queue and negotiated your way through a shopping centre, you could have already driven half way to where to you want to be. The trouble is even if the plane is faster than train or car it is rarely better as an overall experience - again because UK airports are just terrible places - and you have all the crappy baggage policies to deal with - none of which is an issue by train or car. Therefore even though people are traveling more than ever, non-London domestic flying appears not to have a bright future - therefore FlyBe does not have a bright future.
Join Date: Jun 2013
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Just what would a buyer be buying? Could an established player like IAG or Easy (touted as interested) with lower aircraft lease costs, efficient management and systems not start the routes without an investment into a loss making company. The Flybe brand itself doesnt carry any more value than Monarch did.
Join Date: Apr 2008
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EZY might be interested in cherry picking those core domestic routes from SOU as an example ie DUB, MAN, GLA, EDI, NCL, JER, BFD. They alone account for over 1m pas p/a, the big issue versus BE would be frequency!
Join Date: Nov 2001
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That might have something to do with the chaos in parliament, the currency fluctuations & oil as well as the potential for a cluster of the highest order in recovering as pilots will now, by all accounts fleeing for the hills to all of the carriers desperado for crews... Yellow and black handle time....!
Join Date: Jul 2005
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There can't be a truly successful operator of these types of routes while there is APD. But on top of this the problem with operating only smaller aircraft is that if you ever become successful at anything someone with a bigger aircraft will come and try and take it off you :-(
Join Date: Sep 2005
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why wouldnt they simply launch the route themselves without purchasing any part of flybe?
Join Date: Oct 2004
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EasyJet could just start flying on Flybe's main routes from Southampton and finish Flybe off much cheaper than buying whole airline
I can see EasyJet and others be after the slots at Manchester for peak times and gate stands
could we see Flybe close a lot of unprofitable routes over the next few weeks to keep afloat
I can see EasyJet and others be after the slots at Manchester for peak times and gate stands
could we see Flybe close a lot of unprofitable routes over the next few weeks to keep afloat
Join Date: Jan 2008
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EasyJet could just start flying on Flybe's main routes from Southampton and finish Flybe off much cheaper than buying whole airline
I can see EasyJet and others be after the slots at Manchester for peak times and gate stands
could we see Flybe close a lot of unprofitable routes over the next few weeks to keep afloat
I can see EasyJet and others be after the slots at Manchester for peak times and gate stands
could we see Flybe close a lot of unprofitable routes over the next few weeks to keep afloat
Join Date: Mar 2017
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This report seems to read that Flybe called in KPMG yesterday to assess its books - the same adminstor that assisted Monarch in October 17 -
https://www.google.co.uk/amp/s/www.t...ts-plunge/amp/
https://www.google.co.uk/amp/s/www.t...ts-plunge/amp/
Join Date: Sep 2005
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I really fail to see what easyJet would see in Flybe. If they did go ahead and purchase some or all it would just leave me with an overwhelming sense that the current CEO is not making smart moves.
Stobart Air has already lost £38m in six months. Do you really believe that they would want to lose even more? What management expertise would Stobart bring to Flybe?
Stobart Air has already lost £38m in six months. Do you really believe that they would want to lose even more? What management expertise would Stobart bring to Flybe?
Join Date: Aug 2009
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People spent months speculating that Monarch was going to be bought for slots, look what happened, airlines let it fail by itself, and then bought what they wanted from the administrators without the associated headache of a needless acquisition,
As KPMG are going in as they did with Monarch, I'm sure if it comes to pass, history will repeat itself
As KPMG are going in as they did with Monarch, I'm sure if it comes to pass, history will repeat itself