Flybe-9
Join Date: Oct 2007
Location: cornwall, uk
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There was a strong rumor a while ago that newquay would go from night stooping crew to based crew.
This would seem odd if it was just to be one based Q as always thought they said that they wanted 3 aircraft to make a base work ?
cs
This would seem odd if it was just to be one based Q as always thought they said that they wanted 3 aircraft to make a base work ?
cs
Join Date: Jun 2007
Location: UK
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All that's happening is the company are mitigating HOTAC costs so don't get excited. The rumour for a crew base was simply to ask the workforce if anyone wanted to be based in NQY which was probably aimed at those living in the catchment area, this does not indicate anything other than that.
Join Date: Jan 2013
Location: Leeds u.k.
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I accept that every U.K. shareholder has received a formal notice of compulsory buy back by the company. However, at the 2018 AGM this buy back measure was paused after a revolt by shareholders and a move to remove voting rights for these shareholders installed and rejected.
I accept on Monday MOL has reaffirmed the companies buy back policy, but not value, date or any other plans and all non e.u. shareholders will fight, there are 18% of the company as u.k. shareholders and a similar amount of American owners, all of us have been upset by the Chairman.
Thankfully I have both the e.u. and the stock exchange behind me, any plans need the approval of the shareholders, its not a done deal.
In respect of Easyjet the e.u. has already ruled at the start of January that the "creative opening of offices in the e.u." their words not mine, will not get round the e.u. rules that its the share holding of the ulitimate parent companies that will be how ownership measured, this is why, the Flybe deal has a specific termination clause, that if the ulitmate ownership of "Connect" is non u.k. the deal folds.
Last week the e.u. ruled the IAG group on present information (millions of shares change hands daily) is an e.u. company, giving Wilie Walsh a head ache as MOL.
On friday the e.u. rightly stated that as ownership is fluid they would rule ownership on a specific date to be announced and airlines would have 7 months to put their shareholding in order, therefore, we could fill this forum on who owns what or whether a e.u. company or not.
Until we know where Stelios wishes to hold his shares ( I understand as a u.k. resident at the moment), where the ownership base of Easyjet resides, is unknown, same as Bransons interest in Virgin, its a complete can of worms, opening offices in europe and obtaining an AOC have been barred as routes by the e.u. to being a european airline.
Finally as the underwriters were not prepared to support the 2017 buyback and the strike price for buyback will result in huge loss for the underwriters, especially after Mondays quarter loss, I await my cheque.
Join Date: Oct 2005
Location: Leeds, UK & Cork, Ireland
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I suspect that in a “No-Deal” situation the UK government would unilaterally grant access to EU airlines to/from the UK, or consider any UK AOC to be sufficient. At lest, until the UK and EU work-out an air services agreement.
How would it serve the interests of the UK to ground the UK operations of flyBe, Virgin, BA and easyJet?
How would it serve the interests of the UK to ground the UK operations of flyBe, Virgin, BA and easyJet?
Join Date: Apr 2016
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Absolutely right. With reciprocal arrangements granted. If only Brexit negotiations were conducted by people like you who can articulate a solution in around 50 words. But then again, exactly how much can you charge for 1 minute of common sense?
Join Date: Jun 2000
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COW to personally get an additional £1,000,000 bonus
Utterly shameless this board of directors...unbelievable "Flybe chief could get a bumper £1m bonus - almost half what the budget airline is valued at" The chief executive of Flybe could pocket a bonus package worth almost half what the budget airline is valued at by a takeover bid. Christine Ourmieres-Widener, who took the reins at Flybe in January 2017, could be paid a bonus worth £1million this year – 250 per cent of her £400,000 salary. This means she could bag at most £1.4million in total.... etc Https://www.thisismoney.co.uk/money/markets/article-6675275/Flybe-chief-bumper-1m-bonus-half-budget-airline-valued-at.html
Join Date: Mar 2003
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That story is really a non-starter. Almost every manager has performance-based elements in his/her salary package. That does not mean that bonuses are paid no matter what. When COW signed her contract, she was handed an incentive to turn Flybe into a cash cow. She failed (not unexpectedly so), so no bonus and end of story.
Join Date: Oct 2005
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That story is really a non-starter. Almost every manager has performance-based elements in his/her salary package. That does not mean that bonuses are paid no matter what. When COW signed her contract, she was handed an incentive to turn Flybe into a cash cow. She failed (not unexpectedly so), so no bonus and end of story.
Originally Posted by DC3 Dave
Absolutely right. With reciprocal arrangements granted. If only Brexit negotiations were conducted by people like you who can articulate a solution in around 50 words. But then again, exactly how much can you charge for 1 minute of common sense?
Join Date: Jan 2002
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Utterly shameless this board of directors...unbelievable "Flybe chief could get a bumper £1m bonus - almost half what the budget airline is valued at" The chief executive of Flybe could pocket a bonus package worth almost half what the budget airline is valued at by a takeover bid. Christine Ourmieres-Widener, who took the reins at Flybe in January 2017, could be paid a bonus worth £1million this year – 250 per cent of her £400,000 salary. This means she could bag at most £1.4million in total.... etc Https://www.thisismoney.co.uk/money/markets/article-6675275/Flybe-chief-bumper-1m-bonus-half-budget-airline-valued-at.html
Join Date: Jan 2013
Location: Leeds u.k.
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I suspect that in a “No-Deal” situation the UK government would unilaterally grant access to EU airlines to/from the UK, or consider any UK AOC to be sufficient. At lest, until the UK and EU work-out an air services agreement.
How would it serve the interests of the UK to ground the UK operations of flyBe, Virgin, BA and easyJet?
How would it serve the interests of the UK to ground the UK operations of flyBe, Virgin, BA and easyJet?
The E.U. who have always insisted that to be a e.u. airline 50% + one share must be owned by e.u. residents, this is not how we establish ownership in the u.k. Four times last month the E.U. reminded airlines of this rule, stating that IAG was european, Easyjet unknown and Ryanair likely european. and that creative offices set up in Austria etc would not be an acceptable way to claim to be european..
Ryanair this Monday decided to amalgamate the present Irish, U.k. Polish etc companies in to one entity, as a start to resolving the matter.
BA is a spanish company (IAG) its shares issued in London and Madrid and having a world wide resident shareholder base. The e.u. on latest shareholder information ruled IAG a european company and therefore could not fly direct from the u.k. to the States after the transition period. The group could easily become either American owned or U.K. owned with a small shareholders movement.
Flybe routes from the u.k. to europe can continue after the 29th March as long as E.U. residents dont make up over 50% of the shareholding, in the U.K. we dont mind who own's the shares, this makes us so different from both the E.U. and the States where again a company for airline status must be majority American residents owned.
Join Date: Oct 2007
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Join Date: Nov 2018
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only be the group as they don’t need the shareholder approval for the airline and website according to financial times
Join Date: May 2017
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Accordingly, following completion of the Subsidiary Sale, if the Scheme is not approved, the Flybe Directors intend to take steps to wind-up the Company and Shareholders are likely to receive no value for their shares in Flybe. Accordingly, the Flybe Directors believe that the terms of the Acquisition remain in the best interests of Flybe Shareholders as a whole and unanimously recommend that Flybe Shareholders vote in favour of the resolutions to be proposed at the Court Meeting and the General Meeting.
Looks like it's getting nasty in the boardroom and the vultures are circling overhead!!!
Looks like it's getting nasty in the boardroom and the vultures are circling overhead!!!
