Flybe-9
Join Date: Mar 2006
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Seems a deal has been reached with HMG to keep them trading.
https://news.sky.com/story/cabinet-t...ckage-11908144
https://news.sky.com/story/cabinet-t...ckage-11908144
Join Date: Mar 2012
Location: England, UK
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Flybe has failed for one reason and one reason alone, a decade of poor management and lack of cost control!!
Join Date: Nov 2016
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Sky News states:- A government spokesperson said: "We do not comment on speculation or the financial affairs of private companies."
Lame statement because it seems the Government is now getting involved in private companies.
Lame statement because it seems the Government is now getting involved in private companies.
Join Date: Mar 2009
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Seems a deal has been reached with HMG to keep them trading.
https://news.sky.com/story/cabinet-t...ckage-11908144
https://news.sky.com/story/cabinet-t...ckage-11908144
Join Date: Nov 1999
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Delighted that BEE has been saved - until the next time. Unless whatever the airline has been doing wrong is now put right, it won't be going anywhere. I will be interested to see exactly what this rescue involves. Anyway, congratulations to the BEE employees on saving their jobs.
Wrong business model from the 20th Century. Nowadays if you can’t fill a 737/320 then you don’t fly it. That is where the long-run lowest cost production curve ends (until a replacement comes along). If easyJet can fill two 320s a day BRS-BFS, then no point flying SOU- anywhere with anything with higher seat mile costs. Flybe won’t be profitable until it ditches all the Dash8s etc. It will just stagger along at best.
HM government will not have written a blank cheque.
My guess there will be a cull of non profitable routes regardless of base. Also a lack customer confidence won't help the current situation. I hope whoever is in charge of the operation manages to make something of it and turn it into a profitable business.
Join Date: Feb 2017
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This is nothing more than a stay of execution.
where will they find the money to eventually pay the Tax. How long will circa £30m last. It’s made huge losses for years. It’ll be turned round in months! Don’t think so. Stover and cyrus reluctant to put that money in. Not exactly an endorsement of hope.
where will they find the money to eventually pay the Tax. How long will circa £30m last. It’s made huge losses for years. It’ll be turned round in months! Don’t think so. Stover and cyrus reluctant to put that money in. Not exactly an endorsement of hope.
Join Date: Jul 2005
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So does anybody know what the deal is?
BBC- Flybe reaches rescue deal with shareholders
interesting quote in amongst the rest of the fluff
BBC- Flybe reaches rescue deal with shareholders
interesting quote in amongst the rest of the fluff
The Treasury also said it would work with Flybe to figure out a repayment plan for the significant air passenger duty debt.
Last edited by SWBKCB; 14th Jan 2020 at 19:19.
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The news said that the shareholders have decided to put in more money due to the government saying it will review APD amounts. Also something to do with the airline getting a 2 year period or something to repay the 106 million owed of APD for last 12 months. Or something along these lines.
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Also why was those routes not chopped over the last 12 months?
Join Date: Mar 2006
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In the article below the Connect Airways CEO is talking about the possibility of stopping flights if the route can easily made by train or road. Unfortunately the definition of ‘easy’ is not given.
https://www.businesstraveller.com/bu...mestic-routes/
https://www.businesstraveller.com/bu...mestic-routes/
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So has the government asked the top management why these millions of APD had not been paid over as required? Makes you think this non-payment of APD has been going on for a while.