Flybe-V1
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It makes it very very messy if they have a separate handling agent in each airport. SWISSPORT for example could have offered a nationwide very competitive rate for handling but I would ssy they looking a very sizeable bond to be put in placd first after the financial carnage the previous collapse caused.
inOban
Indeed, whatever you call it, or however it is set up, creditors of Flybe Mk.1 will likely be looking to claw back some of the debt from Flybe Mk.2, and frankly, who can blame them. I'm sure that this will have been factored in by the new management and financiers; they aren't commercial novices with no previous experience in the world of business.
Indeed, whatever you call it, or however it is set up, creditors of Flybe Mk.1 will likely be looking to claw back some of the debt from Flybe Mk.2, and frankly, who can blame them. I'm sure that this will have been factored in by the new management and financiers; they aren't commercial novices with no previous experience in the world of business.
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Up for sale already
According to tomorrow’s Telegraph, the hedge fund behind Flybe is planning to sell it before the carrier carries its first passengers.
It mentions a proposed two stage plan where Flybe will operate with its new buyer for a year before becoming part of them.
It says they have sounded out Blue Islands and Aurigny as potential buyers and could ask for up to £45m for the airline.
Cyrus Capital declined to comment.
It mentions a proposed two stage plan where Flybe will operate with its new buyer for a year before becoming part of them.
It says they have sounded out Blue Islands and Aurigny as potential buyers and could ask for up to £45m for the airline.
Cyrus Capital declined to comment.
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According to tomorrow’s Telegraph, the hedge fund behind Flybe is planning to sell it before the carrier carries its first passengers.
It mentions a proposed two stage plan where Flybe will operate with its new buyer for a year before becoming part of them.
It says they have sounded out Blue Islands and Aurigny as potential buyers and could ask for up to £45m for the airline.
Cyrus Capital declined to comment.
It mentions a proposed two stage plan where Flybe will operate with its new buyer for a year before becoming part of them.
It says they have sounded out Blue Islands and Aurigny as potential buyers and could ask for up to £45m for the airline.
Cyrus Capital declined to comment.
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According to tomorrow’s Telegraph, the hedge fund behind Flybe is planning to sell it before the carrier carries its first passengers.
It mentions a proposed two stage plan where Flybe will operate with its new buyer for a year before becoming part of them.
It says they have sounded out Blue Islands and Aurigny as potential buyers and could ask for up to £45m for the airline.
Cyrus Capital declined to comment.
It mentions a proposed two stage plan where Flybe will operate with its new buyer for a year before becoming part of them.
It says they have sounded out Blue Islands and Aurigny as potential buyers and could ask for up to £45m for the airline.
Cyrus Capital declined to comment.
A portfolio of slots at major UK airports (incl LHR), a vast customer database with website and the possibility to feed into long-haul networks through codeshares and alliances. Makes a lot of sense and not a lot different to what could have been done when Flybe 1 bought BA Connect from BA but this time avoiding some of the more dubious decisions like ordering a huge numbers of jets.
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Their operating record was poor on LPL- BHD. On off on off, you never knew what they were doing. Where as Easyjet offers frequent reliable connections to BFS . Did Flybe make much money anywhere?
Their aircraft is due in LPL from BHX this afternoon.
Their aircraft is due in LPL from BHX this afternoon.
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Fund manager plots to sell airline Flybe
A MAYFAIR financier who co-owns Pizza Express is plotting the £45m sale of Flybe before the revived regional airline carries its first passenger.
Lucien Farrell, the media-shy hedge fund manager who bought the Flybe assets from administrators, has contacted investors to offload the business.
Mr Farrell's advisors have researched prospective bidders with a two-stage plan, according to email correspondence seen by The Daily Telegraph.
Central to the sale are Flybe's lucrative take-off and landing slots at Heathrow airport, which Flybe inherited when British Airways bought BMI in 2012.
It is envisaged that Flybe will operate in partnership with the prospective new owner for around a year before the business is sold. It is thought that Mr Farrell's advisers have sounded out airlines such as Blue Islands and Guernsey, which fly to the Channel Islands.
Last week Flybe announced that it would relaunch from Birmingham airport in March 2022.
Mr Farrell's Cyrus Capital has endured a long battle to restart the airline after buying it from administrators EY in 2020. He managed to overturn a decision by Grant Shapps, the Transport Secretary, to revoke Flybe's operating licence in June, paving the way for the airline to be revived.
A spokesman for Mr Farrell declined to comment.
Lucien Farrell, the media-shy hedge fund manager who bought the Flybe assets from administrators, has contacted investors to offload the business.
Mr Farrell's advisors have researched prospective bidders with a two-stage plan, according to email correspondence seen by The Daily Telegraph.
Central to the sale are Flybe's lucrative take-off and landing slots at Heathrow airport, which Flybe inherited when British Airways bought BMI in 2012.
It is envisaged that Flybe will operate in partnership with the prospective new owner for around a year before the business is sold. It is thought that Mr Farrell's advisers have sounded out airlines such as Blue Islands and Guernsey, which fly to the Channel Islands.
Last week Flybe announced that it would relaunch from Birmingham airport in March 2022.
Mr Farrell's Cyrus Capital has endured a long battle to restart the airline after buying it from administrators EY in 2020. He managed to overturn a decision by Grant Shapps, the Transport Secretary, to revoke Flybe's operating licence in June, paving the way for the airline to be revived.
A spokesman for Mr Farrell declined to comment.
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Some questionable journalism in that article.
Central to the sale are Flybe's lucrative take-off and landing slots at Heathrow airport, which Flybe inherited when British Airways bought BMI in 2012.
Considering they don't own these slots I'm not sure how they're intending to sell them.
He managed to overturn a decision by Grant Shapps, the Transport Secretary, to revoke Flybe's operating licence in June, paving the way for the airline to be revived
No such thing happened. The new airline always had a OL. They failed to transfer the Heathrow slots over from the old airline to the new one.
Central to the sale are Flybe's lucrative take-off and landing slots at Heathrow airport, which Flybe inherited when British Airways bought BMI in 2012.
Considering they don't own these slots I'm not sure how they're intending to sell them.
He managed to overturn a decision by Grant Shapps, the Transport Secretary, to revoke Flybe's operating licence in June, paving the way for the airline to be revived
No such thing happened. The new airline always had a OL. They failed to transfer the Heathrow slots over from the old airline to the new one.
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Aurigny and states of Guernsey will never be interested in buying another airline believe it or not, the 65000 Guernsey population are already unhappy with the massive GR losses over the years 40-50 million £ plus , the states have bigger problems such as needing to invest in schools and infrastructure over the forthcoming years to deal with not buying more airlines. The only reason states of guernsey own an airline in the first place is to protect the LGW slot since BA pulled out years ago, then Flybe pulled out and failed, a jet was purchased 7 years ago by GR which has cost the airline even more losses.