Flybe-9
Join Date: Jan 2016
Location: liverpool
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Christine was not best placed to take over after her poor performance at Cityjet. Laffin has not been inspirational either, pressing ahead with LHR ambitions when Hammad walked away. Still much a staff shuttle, a few connections and no real business uptake. The spat with Loganair was also a disastrous decision and has cost both parties a fortune.LSE and smal Ivestors trying to make a few thousand quid on day to day trading without regard to staff and their futures. Share price has tanked and KPMG now called in. Hope those jobs can be saved because of kids, mortgages and peoples future. People trying to make a quick buck on the market are disgusting.
Tabs please !
I wouldn't be so quick to condemn anyone having a flutter on the electronic gee gees. If you have a pension then the odds are that there are a bevy of fund managers doing just that with your pension pot. You can always stuff it in a biscuit tin and keep it under your bed if you prefer. Anyone who was bold could have made 10% today.
Join Date: Jul 2004
Location: Manchester, England
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Problem is that the FlyBe slots are in Terminal 3 and EZY are a Terminal 1 operator. There is no domestic facility in T1, only T3. EZY's MAN-BFS is handled as a special case not repeatable on a larger scale. MAN is terminal-constrained not runway constrained, so slots coming available have to be in the right terminal. This was an issue with back-filling Monarch at Terminal 2, and partially what led to Jet 2 having a split-terminal operation at MAN.
Join Date: Dec 2016
Location: FL410
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Christine was not best placed to take over after her poor performance at Cityjet. Laffin has not been inspirational either, pressing ahead with LHR ambitions when Hammad walked away. Still much a staff shuttle, a few connections and no real business uptake. The spat with Loganair was also a disastrous decision and has cost both parties a fortune.LSE and smal Ivestors trying to make a few thousand quid on day to day trading without regard to staff and their futures. Share price has tanked and KPMG now called in. Hope those jobs can be saved because of kids, mortgages and peoples future. People trying to make a quick buck on the market are disgusting.
I take your point, but if you need to fund your business from public funds there has to be a monetary motive for them to do so , it might seem like a flutter with people’s jobs, mortgages and their kids Christmas presents,but that is missing the point, the management of Flybe are responsible for the company, shareholders and employees, of course APD doesn’t help in that aim.
If the likes of bmi, Eastern & Logan can eek out a living then so should Flybe be capable of doing the same. The E jets was a huge but understable error of judgement, the bottom line is that with a cost base per km flown higher than SAS they can not survive, it’s not high wages, just short sectors with breakfast & tea time good loads and empty in terms of yield the rest of the days, I suspect it will be in administration before Xmas
Join Date: Jun 2016
Location: Belfast
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Join Date: Jan 2017
Location: Southampton
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Not to state the obvious, but surely people's confidence in flybe will now be lacking?? Future bookings will suffer dramatically, meaning the down turn continues, less bookings, more costs, is there gonna be anyway back from this for them?
Join Date: Jul 2015
Location: UK
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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
Join Date: Aug 2007
Location: Ireland
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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
Stobart Air is now a pure provider of wet lease airline (through franchising)
so a Flybe purchase could be a way to get back into a direct to customer operation
to be more selfreliant and not totally dependant on other operators preference of the day.
Also advantageous for Stobart Group in controlling/securing a certain level of Southend airport passenger traffic.
Flybe must be a good 60% of the services/traffic there.
so a Flybe purchase could be a way to get back into a direct to customer operation
to be more selfreliant and not totally dependant on other operators preference of the day.
Also advantageous for Stobart Group in controlling/securing a certain level of Southend airport passenger traffic.
Flybe must be a good 60% of the services/traffic there.
Join Date: Apr 2016
Location: Essex
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No..... nothing like. Sorry I can't give you a number but I have a reputation for lazy answers which I intend to maintain. In 2019 Flybe/ Stobart will definitely be number 3 of the 3 based airlines by a long way - that I can say with confidence.
Join Date: Aug 2007
Location: Ireland
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Today BE are 62 % of departures but their planes and load factors are of course small so it might not reflect in the airport's passenger stats.
However next year it might be 0.
Join Date: Aug 2008
Location: bishops stortford herts
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Sale of certain assets commencing?...
Flybe announce sale & leaseback of the New Walker Hangar at Exeter for £5m.
Possible propping up as the buyer is Exeter Airport.
Flybe announce sale & leaseback of the New Walker Hangar at Exeter for £5m.
Possible propping up as the buyer is Exeter Airport.
Join Date: Mar 2012
Location: Cheshire
Age: 45
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I just don't see Stobart buying them with everything else they have going on at the moment this is a headache they could do without. The way I see it happening is asset strip by the administrators with other smaller airlines picking up bit and pieces and profitable routes once operated by FlyBe being run by said smaller airlines. Just my opinion of course but I don't see it going any other way which is a shame. Maybe if they had given in to Stobart the first time then it may not have come to this.
Join Date: Jul 2005
Location: UK
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Just having a look at their accounts.
In one sense they're actually so much worse than anyone posting here has really picked up on, as they adjust their accounts for the year before as well. While the accounts show a loss of £12m, they also show what a lay person would best understand to be a loss of closer to £40m.
In another sense they don't look that awful, they are bad but they certainly don't look like Monarch's accounts or the accounts of a company at crisis point. I would say the biggest risk they face isn't directly commercial, but more availability of finance.
If they weren't an airline and therefore subject to intense reputational risk they might be tempted to do a prepack to ditch lease agreements they didn't like. But of course this would harm their reputation and prevent them getting lease agreements they did want.
We can't really know who potential suitors might be without knowing what the strong parts of their network are. If Belfast or London City; IAG? If the SW of England, the European routes, or the Scottish Routes... Sector? If it is a mish-mash of random stuff across the network; either Eastern or nobody? And potential matches for the SAS flying... I guess that's CityJet or Nordica?
Last edited by 01475; 15th Nov 2018 at 19:55.
Join Date: Aug 2007
Location: Ireland
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I just don't see Stobart buying them with everything else they have going on at the moment this is a headache they could do without. The way I see it happening is asset strip by the administrators with other smaller airlines picking up bit and pieces and profitable routes once operated by FlyBe being run by said smaller airlines. Just my opinion of course but I don't see it going any other way which is a shame. Maybe if they had given in to Stobart the first time then it may not have come to this.
Flybe are kind of a different type of operation to Stobart Air and Warwick Brady is/was a low cost airline man.
He could oversee it like Walsh oversees BA. I'm sure he has run into enough contacts to put his own management team in.
Advantage is that even if other airlines with larger planes take on some of FlyBe's routes when they grow, it will still be a plus for his airport.
Join Date: Nov 2006
Location: Southampton
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Join Date: Apr 2009
Location: UK
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I don't see any natural fit for Flybe in IAG. IAG already gets the feed from the UK regions to LHR and Dublin for those travelling onto the US. The other UK regions not already serviced by Stobart could be in the future if Flybe exit stage left. The point to point stuff from the regions to near Europe is relatively low/soft yield as has been demonstrated by the losses made so far by Flybe so wouldn't interest IAG. Any slots that IAG might be interested in could be picked up through an administrator if the airline goes boom. My money is on Stobart getting it for a song or administration.