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Flybe-V1

Old 1st Apr 2021, 21:10
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Filings from Companies Hse today indicate Thyme opco now have the trade marks relating to Flybe and its previous names. This indicates a deals gone through........ Looks like Cyrus have registered a charge against the trademarks.
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Old 4th Apr 2021, 18:46
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https://assets.ey.com/content/dam/ey...4-march-21.pdf
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Old 5th Apr 2021, 18:12
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Thyme Opco Limited will shortly before the anticipated date for completion be renamed “Flybe Limited” (“the Purchaser”) and in preparation for the Transaction completion, the Company has filed with the Registrar of Companies an application to be renamed “FBE Realisations 2021 Limited”. Because of current capacity limitations being experienced by the Registrar of Companies, the usual same-day change of name service is unavailable, but it is expected that [b]the Company’s change of name will become effective shortly.

Last edited by RogueOne; 5th Apr 2021 at 19:29.
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Old 5th Apr 2021, 19:28
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What does that mean ?
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Old 5th Apr 2021, 19:30
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From what I can work out, that means that Thyme Opco will be renamed as "Flybe Limited" - alongside the purchase of the Web address and brands/logos, it seems to point towards a retention of the original name.
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Old 5th Apr 2021, 22:01
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Pity. "Thai Mop Co" had a certain ring to it.
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Old 6th Apr 2021, 02:17
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But ‘realisations’ ?
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Old 6th Apr 2021, 08:12
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TOM100

I think in this context it means bringing everything together under one umbrella to turn the plan into an operational entity.
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Old 6th Apr 2021, 08:34
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Flybe hires former BA 'dirty tricks' executive in last ditch attempt for new operating licence (msn.com)
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Old 6th Apr 2021, 16:12
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Have you acyually read the link posted above. The deal isbirtually done and the operating licence was kept open on appeal to the CAA months ago
the article is rubbish
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Old 6th Apr 2021, 16:35
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You're exactly right. For one thing, Thyme is hardly a 'shell' considering that it is the one being renamed as 'Flybe'. Besides, the title "...last ditch attempt for new operating licence" makes no sense - a new operating licence is not what's being fought for, rather it's the old one that's wanted.

I have also noticed the media losing interest since Farrell's departure, as they think that's the end for them. It's been said by others before, but all I see is a slimy fellow who realised he isn't going to make an effortless profit by heading up a regional airline.
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Old 6th Apr 2021, 16:38
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If Farrell is no longer involved (and I use the word 'if''), then who is putting up the money to (re)start the airline ?
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Old 6th Apr 2021, 17:34
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Is Thyme Opco not just a subsidiary of Cyrus? Therefore still involved?
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Old 6th Apr 2021, 17:49
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Lucien Farrell runs the London office of Cyrus Capital. If Cyrus Capital is putting up money, then it's because Farrell has decided to do so
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Old 6th Apr 2021, 17:51
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https://www.ch-aviation.com/portal/n...-inherits-debt

is there any chance of something similar happening with this Flybe?

I find it deeply wrong morally that they are able to jettison all the debt and staff but relaunch keeping the good bits - slots and license.
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Old 6th Apr 2021, 17:58
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The London office...or as one newspaper referred to it this morning as "the Mayfair hedge fund".
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Old 7th Apr 2021, 11:41
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Flybe Ltd is now "FBE Realisations 2021 Ltd"
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Old 7th Apr 2021, 11:46
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Can't necessarily see why that conclusion would be drawn. They've changed the name understandably from FlyBe Ltd and plumped for that one which I imagine ensured there would be no conflict of interest with other businesses of a similar name.
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Old 7th Apr 2021, 12:13
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What does anyone realistically think is going to happen here. Either 1/ they lose the OL and thus the slots and that's the end of it all or 2/ they keep the OL and the slots and somehow manage to sell them (possibly after operating them for a short while) and then that is also the end of it all, except that slots which were supposed to produce a competitive remedy, regardless of how unlikely that was, are now sold off and unavailable. Option 3, a revitalised, vibrant Flybe is not going to happen.
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Old 7th Apr 2021, 13:19
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Flybe Limited has changed its company name to “FBE Realisations 2021 Ltd”, Thyme Opco Limited changing company name to Flybe Limited
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