Flybe-9
Join Date: Feb 2002
Location: East Midlands
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The shareholders approved (99.72% in favour) Flybe moving from a a premium listing to a standard listing on the stock market late last year. The change was proposed by the Flybe board on the same day the plc was effectively put on the market in November. When completed, the change enables the board to sell or divest assets of the plc without needing to gain shareholders' approval. As a consequence board has decided to sell Flybe Limited, Flybe Aviation Services Limited, and Flybe.com Limited (all previously parts of the plc), to Connect Airways.
Join Date: Aug 2007
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I think Mr.Tinkler had a rush of blood because anyone knowing the result of that EGM would not have considered flybe a ‘good investment’. It explains why so many institutions sold out at the end of December. I think that retail investors may not have realised the consequences.
Join Date: Oct 2006
Location: southern spain
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It looks to me that something had to be done pretty quickly as the airline would have gone under. Needed an immediate cash injection to keep it going. If you are shareholder in a company sometimes you win and sometimes you lose.
Join Date: Jun 2009
Location: UK
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Who is in charge?
If Stobart are in charge then expect LCY to close down and everything to be consolidated at SEN if not at LHR.
What Virgin is getting out of this I cannot understand. I get a franchise with Virgin. I get a codeshare/interline agreement. But this kind of deep and complex web of trouble?! WHY!!
What Virgin is getting out of this I cannot understand. I get a franchise with Virgin. I get a codeshare/interline agreement. But this kind of deep and complex web of trouble?! WHY!!
Join Date: Nov 2005
Location: Cardiff
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If Stobart are in charge then expect LCY to close down and everything to be consolidated at SEN if not at LHR.
What Virgin is getting out of this I cannot understand. I get a franchise with Virgin. I get a codeshare/interline agreement. But this kind of deep and complex web of trouble?! WHY!!
What Virgin is getting out of this I cannot understand. I get a franchise with Virgin. I get a codeshare/interline agreement. But this kind of deep and complex web of trouble?! WHY!!
Join Date: Mar 2003
Location: Europe
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Join Date: Jan 2008
Location: UK / UAE
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Regarding Mr Tinkler - does he not still own about 7 - 8% of the shares in Stobart?
If so, their shares have jumped up about 10% whilst this scenario has been ongoing which realises him about a £4Mil gain.
Could it actually be that he built a stake up in Flybe to ensure the deal goes through and put off any other parties suddenly stake building for a spoiler bid? His loss on the Flybe shares is dwarfed by the gain in value on Stobart being part of the successful Flybe bid.
Overall, over the last few weeks, he's still £3Mil to the good.........
If so, their shares have jumped up about 10% whilst this scenario has been ongoing which realises him about a £4Mil gain.
Could it actually be that he built a stake up in Flybe to ensure the deal goes through and put off any other parties suddenly stake building for a spoiler bid? His loss on the Flybe shares is dwarfed by the gain in value on Stobart being part of the successful Flybe bid.
Overall, over the last few weeks, he's still £3Mil to the good.........
Join Date: Jan 2008
Location: Luxembourg
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Regarding Mr Tinkler - does he not still own about 7 - 8% of the shares in Stobart?
If so, their shares have jumped up about 10% whilst this scenario has been ongoing which realises him about a £4Mil gain.
Could it actually be that he built a stake up in Flybe to ensure the deal goes through and put off any other parties suddenly stake building for a spoiler bid? His loss on the Flybe shares is dwarfed by the gain in value on Stobart being part of the successful Flybe bid.
Overall, over the last few weeks, he's still £3Mil to the good.........
If so, their shares have jumped up about 10% whilst this scenario has been ongoing which realises him about a £4Mil gain.
Could it actually be that he built a stake up in Flybe to ensure the deal goes through and put off any other parties suddenly stake building for a spoiler bid? His loss on the Flybe shares is dwarfed by the gain in value on Stobart being part of the successful Flybe bid.
Overall, over the last few weeks, he's still £3Mil to the good.........
Join Date: Apr 2009
Location: London
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LOGANAIR made a pre-tax loss of nearly £9 million in the last financial year as it went head to head with Flybe on routes to and from the Northern Isles.
The company said that the cost of competing with its old franchise partner Flybe was £6.8 million.
The company said that the cost of competing with its old franchise partner Flybe was £6.8 million.
Join Date: Apr 2009
Location: London
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Join Date: Jun 2016
Location: Belfast
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Join Date: Sep 2007
Location: Isle of Man
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Not literally ofcourse, but getting involved in a stupid, spiteful spat, in a tiny part of their network, with the consequent waste of management time, the distraction from core business and reputational damage among customers, investors, banks and staff, will have contributed to the current situation, as much as any financial loss.
It has ultimately cost them everything!
Not literally ofcourse, but getting involved in a stupid, spiteful spat, in a tiny part of their network, with the consequent waste of management time, the distraction from core business and reputational damage among customers, investors, banks and staff, will have contributed to the current situation, as much as any financial loss.
Not literally ofcourse, but getting involved in a stupid, spiteful spat, in a tiny part of their network, with the consequent waste of management time, the distraction from core business and reputational damage among customers, investors, banks and staff, will have contributed to the current situation, as much as any financial loss.
Join Date: Jul 2003
Location: Teesside, UK
Age: 33
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Makes you wonder when it was plainly obvious to everyone what the result would be... the top management really couldn't see the damage it was doing to their business...
