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Stobart Air-2

Old 3rd Oct 2020, 05:14
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Stobart Air is operating below the scenarios set out at the time of the capital raise due to the continued quarantine arrangements in Ireland, with limited flights operating," it noted in its trading update.
https://www.independent.ie/business/...-39580887.html

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Old 3rd Oct 2020, 21:30
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Grrr

Originally Posted by southside bobby View Post
independent.ie reporting EIN regional ops have now gone out to tender.
I bet Cityflier bid...........
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Old 4th Oct 2020, 08:57
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In many ways that notion makes a lot of sense with perhaps the capacity of the EMB being the largest drawback.
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Old 4th Oct 2020, 10:53
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Originally Posted by Buster the Bear View Post
I bet Cityflier bid...........
I very much doubt it. CF management do not have the capacity to think outside the box. Under the current manager they have no desire to operate anything other than the LCY operation. The current leadership team withdrew CF from the regional summer flying program before we’d even heard of COVID-19. That summer flying boosted CF revenue by millions per year.
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Old 4th Oct 2020, 11:33
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IAG Board/management v CFE management one wonders who is ultimately the stronger then?
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Old 4th Oct 2020, 11:40
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Are the management that poor that they would withdraw if it was profitable flying ? Revenue doesn’t necessarily equate to profit.
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Old 4th Oct 2020, 12:14
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RJ100

I'm sure it did but I'm assuming that the additional positioning in/out costs every week weren't insignificant....
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Old 4th Oct 2020, 13:35
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The question was...
In the event would the CFE management be capable of withstanding pressure & direction from the IAG Board if it was thought a benefit & strength to the Group to have a feeder op inhouse.
Appears it could make sense in the new extraordinary world, the one drawback being the capacity of the Embraers.

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Old 22nd Oct 2020, 15:25
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Conor McCarthy founder of Dublin Aerospace & an ex non-executive Chairman of Stobart Air has reportedly entered the race for the EIN Regional contract.
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Old 29th Oct 2020, 11:55
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Stobart Group looking to a name change evidently.
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Old 1st Nov 2020, 17:57
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https://www.ch-aviation.com/portal/n...-irish-carrier
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Old 6th Nov 2020, 06:48
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Nobody was interested in the regional routes or PSO a few years back. In comes Arran/Stobart and they do a decent product and now everybody wants a sniff at it.

I think the incumbant has this in the bag!
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Old 6th Nov 2020, 07:32
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That sounds as overly-optimistic as a Trump supporter saying the same thing.

Rumour has it that there are six bidders involved. Stobart will be one and this paper airline must be the second. With another four out there and no names as to who they are, I don't think it would be wise to assume or presume anything.


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Old 6th Nov 2020, 07:35
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This white label or ACMI flying in the regional industry is very very marginal, historic has been and with the current market it wont be a goldmine now... with now even more "bidders" hunting for it the one that "wins" it is the one who is taking the most "commercial" risk themselves meaning spiral rat race to the bottom on price and conditions.

Also I presume, I do not know, but that the contract will be trimmed down... no one is flying at the moment so EI will not ask the historic routes and frequenvies I would say, and what are the fecking unions saying... can imagine they will raise their voice too on "stealing" the work, although EI has no capability themselves.
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Old 6th Nov 2020, 07:50
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With another four out there and no names as to who they are, I don't think it would be wise to assume or presume anything.
Aren't CityJet one?
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Old 6th Nov 2020, 07:56
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Originally Posted by SWBKCB View Post
Aren't CityJet one?
I'm not so sure on this one personally. The CRJ900 will likely have performance issues out of some of the shorter runways such as BHD in wet conditions and if they're talking about E Jets, then maybe but this would be driving up the operating costs of routes which are efficiently served by props.

I imagine XFly will be after the work with SAS reducing ATR aircraft count. But the reality is, there's such an abundance of readily available 72-600's in the leasing market that it could be anyone's game if they are prepared to take on the fleet type.
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Old 6th Nov 2020, 09:29
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Originally Posted by JSCL View Post
I'm not so sure on this one personally. The CRJ900 will likely have performance issues out of some of the shorter runways such as BHD in wet conditions and if they're talking about E Jets, then maybe but this would be driving up the operating costs of routes which are efficiently served by props.

I imagine XFly will be after the work with SAS reducing ATR aircraft count. But the reality is, there's such an abundance of readily available 72-600's in the leasing market that it could be anyone's game if they are prepared to take on the fleet type.
I think most of the CRJS are spoken for, working with SAS? IIRC SAS might even own/lease these and lease them to CityJet? Originally EI were involved in the Proprious leasing deal, but later sold their stake. I wonder if they still have any call to the aircraft, if the EIR contract were to be retendered? Im not sure that EI are necessarily married to the ATR either. It is almost ideal for the routes they are using it on, but EIR was set-up using the ATR because that is what Aer Arann had at the time. Which also raises the question about what are Stobart routes and what are EI ones? Is the franchise just the right to use the EI brand, marketing and systems? Would there be anything to stop Stoabrt operating the EIR route network under their own brand? Im not sure if it would be viable, which is another matter.
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Old 6th Nov 2020, 09:54
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- PSO is not up for tender, that is won by Stobart but flown as EI Franchise..
- EI Franchise is up for tender..

This is not a straight forward wet lease... their is commercial risk on the operator... I would think twice on it... but maybe 50% loss is better as a 100% loss...
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Old 15th Nov 2020, 10:48
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Stobart Group has been forced into a defence mode statement saying they are still solvent after the (rumoured) loss of the of the Regional flying contract.

Stating too that the Directors stand by their recent assessment from 5.11.20 that the business is a going concern.

The numbers & liabilities appear very "interesting" however.

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Old 16th Nov 2020, 09:04
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Its not a rumour, they have been told so by Aer Lingus.
Following info from Travel Weekly.
Stobart Air has been told that it will no longer run regional services for Aer Lingus.
The Irish carrier informed parent company and Southend airport owner Stobart Group that Stobert Air is not the preferred supplier for a new commercial deal which would have started in January 2023.
Stobart Air will continue to operate the Aer Lingus franchise until that time.
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