Stobart Air-2

[DC3 Dave]

How does this failure leave the Flybe/Stobart Franchise? Current agreements won't be open ended, and any growth with new routes would need Flybe's agreement.

[Expressflight]

Business is business. I doubt it will make much difference.

[Andy_S]

Originally Posted by Barling Magna

Couldn't agree terms. No surprise really, flyBE were overpricing themselves I suspect.

Or the Flybe board felt that Stobarts offer undervalued the company.

[tophat27dt]

Originally Posted by Andy_S

Or the Flybe board felt that Stobarts offer undervalued the company.

It won't make any difference.

[harriewillem]

Cityjet —> Stobart No deal
Stobart —> Flybe No deal
Stobart —> Cityjet will be next in line...

[asdf1234]

Ups and downs

Originally Posted by Barling Magna

Couldn't agree terms. No surprise really, flyBE were overpricing themselves I suspect. Their shares have fallen by a quarter as a result, Stobart's down 3%.

I guess Stobart will look elsewhere for airline growth now.

Flybe share price went up 36% on the news of Stobart interest in the takeover 1 month ago. They went down 21% today when the takeover interest was ruled out. So Flybe shareholders happy.

Stobart shares are down 14% since they declared their interest in a takeover 1 month ago. In fact Stobart shares down 22% in the last 6 months.

It's only a guess but with Stobart net worth down and I expect this led to them not being able to make the bid they wanted to.

They should concentrate now on working out why shareholders are selling up and leaving them and try and create some value in the company. Turning the airport into a profit generating centre will help.

[flight_mode]

They should concentrate now on working out why shareholders are selling up and leaving them and try and create some value in the company. Turning the airport into a profit generating centre will help.

Stobart shares had enjoyed quite a run up until summer 2017. A stable dividend, and continuous flow of good news and jam tomorrow promises for the aviation sector all fuelled the mighty increase but, the emperor has no clothes and the market is beginning to realise, take profits and walk away.

[shamrock7seal]

Harriewillem

Perhaps. But surely they need a British AOC first before they do anything else. Or they will be grounded in March 2019.

[mikkie4]

was it just a one of offer or can stobarts up the price? and try again

[asdf1234]

Under London Stock Exchange rules there are only very limited circumstances under which Stobart could renew their bid - so no, they can't go straight back in with a new offer.

[bigjim99]

Anyone fancy an outside bet they could make a move for what is left of Eastern?

[Nakata77]

if they did it would be suicide... why buy something like that when it's probably better to do it yourself.

[SWBKCB]

Originally Posted by Nakata77

if they did it would be suicide... why buy something like that when it's probably better to do it yourself.

To get a UK AOC?

[Atlantic Explorer]

No chance, Bristow need that AOC to operate their fixed wing Scatsta pax shuttle flights which is a big part of their UK operation.

[SWBKCB]

Isn't it an Irish AOC? Might need a UK one post-Brexit.

[DC3 Dave]

Standard E-edition

[Barling Magna]

Playground stuff at board level, but I wonder what the differences over Stobart's strategy are....?

[Andy_S]

Originally Posted by Barling Magna

Playground stuff at board level, but I wonder what the differences over Stobart's strategy are....?

Apparently it's to do with the future of Stobart Air. Stobart Group, of course, made a somewhat speculative (and failed) tilt at FlyBe a few months ago. This seems to have aggravated Tinkler, who believed that the agreed strategy was for the group to divest itself of Stobart Air while retaining a minority stake in the airline.

It may be playground stuff, but it's a huge distraction for Stobart Group and is keeping the company in the public eye for all the wrong reasons.

[AirportPlanner1]

Does anyone know when the third E195 is arriving? The Bulgaria Air operating out of SEN seems to have been replaced by an in-house ATR which seems to be consistently delayed on a daily basis I assume because it is slower than what was scheduled.

I ask ask because it seems to be the evening GLA-SEN that bares the brunt of the delays building up through the day and I’m on it next week.

[stewyb]

According to Jethro, one in July, Sept and Nov!