Stobart Air-2
Join Date: Oct 2017
Location: Behind a desk, dreaming of the sky
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Ok Guys, lets wrap this one up and move on
@Expressflight. After digesting all recent posts, i believe you are correct. I apologise for the slight deviation
@Barlinga Magna. Spot on, thanks for the back up
@GAZMO. I was referring to the smallest base that has in-house handling, hence why i didn't mention BFS
@Expressflight. After digesting all recent posts, i believe you are correct. I apologise for the slight deviation
@Barlinga Magna. Spot on, thanks for the back up
@GAZMO. I was referring to the smallest base that has in-house handling, hence why i didn't mention BFS
Join Date: Apr 2009
Location: London
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Join Date: Apr 2009
Location: London
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Join Date: Sep 2007
Location: Essex
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See the SEN thread. Assuming that this is a takeover of flyBE by Stobart Air, and that it happens, it explains why Stobart have been so certain that pax numbers at SEN will double this year.
How would this work? Surely to move that amount of capacity to SEN would mean disruption to the rest of the network? Maybe over time they could re-focus, but this year?
Join Date: Aug 2008
Location: bishops stortford herts
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All seems a strange way to effect a buyout or takeover..
What happened to "dawn raids"?...the costing has already soared by 30% in the last couple of hours..
Stobart have had under takeover rules to confirm previous press speculation that there has been an interest & have until 5pm to proceed or withdraw..
The deadline can be extended with agreement from the takeover panel & the two parties.
What happened to "dawn raids"?...the costing has already soared by 30% in the last couple of hours..
Stobart have had under takeover rules to confirm previous press speculation that there has been an interest & have until 5pm to proceed or withdraw..
The deadline can be extended with agreement from the takeover panel & the two parties.
Join Date: Aug 2008
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"Flybe confirms that it has not received any approach from the Stobart Group regarding a possible offer by Stobart Group for Flybe.
Flybe shareholders are strongly advised to take no action at this stage.
There can be no certainty that any firm offer will be made nor as to the terms on which any firm offer might be made".
The above is a statement enforced upon Flybe under the take over rules & regulations.
Flybe shareholders are strongly advised to take no action at this stage.
There can be no certainty that any firm offer will be made nor as to the terms on which any firm offer might be made".
The above is a statement enforced upon Flybe under the take over rules & regulations.
Join Date: Sep 2007
Location: Essex
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And this is Stobart's Stock Exchange declaration:
"As previously disclosed in October 2017, we have been reviewing alternative structures for our airline and leasing business that can play an important part in the consolidation of the regional airline sector.
A number of potential structures have been considered including taking a non-controlling interest in a vehicle to acquire 100% of Flybe likely to be in cash. It is not possible to say, at this stage, whether a transaction will take place, whether a firm proposal will be made or, if it is, the form a transaction to combine the airlines might take.
A further announcement will be made in due course."
"As previously disclosed in October 2017, we have been reviewing alternative structures for our airline and leasing business that can play an important part in the consolidation of the regional airline sector.
A number of potential structures have been considered including taking a non-controlling interest in a vehicle to acquire 100% of Flybe likely to be in cash. It is not possible to say, at this stage, whether a transaction will take place, whether a firm proposal will be made or, if it is, the form a transaction to combine the airlines might take.
A further announcement will be made in due course."
