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Flybe-V2

Old 30th Jan 2023, 09:53
  #961 (permalink)  
 
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Another interesting post:
Statistics provided by the UK CAA reveal how the airline’s monthly load factor has only once exceeded 60%, and that was in its first month, when the airline’s re-launch received plenty of (free) publicity. Since then, the airline has struggled to get above 55%. In 2019, the year before the original airline failed, it was achieving load factors well above 70%.”
https://airserviceone.com/flybe-susp...ajor-carriers/

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Old 30th Jan 2023, 10:02
  #962 (permalink)  
 
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I thought I read somewhere that Flybe 2 staff were paid just before the administration. Am I wrong?
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Old 30th Jan 2023, 10:05
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Originally Posted by willy wombat
I thought I read somewhere that Flybe 2 staff were paid just before the administration. Am I wrong?
I hope so and would happily correct my post and apologise if I am wrong.
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Old 30th Jan 2023, 10:07
  #964 (permalink)  
 
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"The administrator, Interpath Advisory, said Flybe had struggled to withstand a number of shocks since its relaunch last year, but highlighted the late delivery of 17 aircraft from lessors, which severely compromised its efforts to build back capacity and remain competitive."

Who on Earth writes this garbage without first doing some homework and investigation? A quick scan of 'Planespotters' will show that at least 6 aircraft have been moved on to other operators and another tranche (of the original 54 no-less) are being turned into Water Bombers!

"Flybe staff said they were informed the delays were down to the aircraft requiring “significant repair work” after they had been recovered from the original Flybe collapse in 2020. Delays were made worse by replacement parts’ supply chain problems lengthening the time it took finish repairs, they were told."

Yep, blame lessors and maintenance for the poor business model that was losing £5m a month!
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Old 30th Jan 2023, 10:17
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Originally Posted by Diesel_10
"The administrator, Interpath Advisory, said Flybe had struggled to withstand a number of shocks since its relaunch last year, but highlighted the late delivery of 17 aircraft from lessors, which severely compromised its efforts to build back capacity and remain competitive."

Who on Earth writes this garbage without first doing some homework and investigation? A quick scan of 'Planespotters' will show that at least 6 aircraft have been moved on to other operators and another tranche (of the original 54 no-less) are being turned into Water Bombers!

"Flybe staff said they were informed the delays were down to the aircraft requiring “significant repair work” after they had been recovered from the original Flybe collapse in 2020. Delays were made worse by replacement parts’ supply chain problems lengthening the time it took finish repairs, they were told."

Yep, blame lessors and maintenance for the poor business model that was losing £5m a month!
It seems the problem was more so the Q400's they already had. On their final day only five actually flew. Were the rest tech like usual? Those cancellations must have cost them a fortune in compensation and payments.
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Old 30th Jan 2023, 10:25
  #966 (permalink)  
 
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Originally Posted by BA318
It seems the problem was more so the Q400's they already had. On their final day only five actually flew. Were the rest tech like usual? Those cancellations must have cost them a fortune in compensation and payments.
Depends if they'd made those payment before they pulled the plug...
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Old 30th Jan 2023, 10:31
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Originally Posted by Diesel_10
"The administrator, Interpath Advisory, said Flybe had struggled to withstand a number of shocks since its relaunch last year, but highlighted the late delivery of 17 aircraft from lessors, which severely compromised its efforts to build back capacity and remain competitive."

Who on Earth writes this garbage without first doing some homework and investigation? A quick scan of 'Planespotters' will show that at least 6 aircraft have been moved on to other operators and another tranche (of the original 54 no-less) are being turned into Water Bombers!

"Flybe staff said they were informed the delays were down to the aircraft requiring “significant repair work” after they had been recovered from the original Flybe collapse in 2020. Delays were made worse by replacement parts’ supply chain problems lengthening the time it took finish repairs, they were told."

Yep, blame lessors and maintenance for the poor business model that was losing £5m a month!
Comment shall not be passed on the competency or lack thereof of the lessors but the fleet number is exactly correct, 17 aircraft 9 of which were registered to FLYBE LTD at time of administration.
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Old 30th Jan 2023, 11:30
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Lots of talk about slots on here - but is LHR again slot-constrained after the pandemic? The reason why slots at LHR have traditionally been seen as a goldmine was that there were no slots available from the slot pool (other than useless "moonlight slots"). Is that the case again? Plus another issue is that serious money is usually paid for slots suitable for long-haul ops. This is not necessarily the case when slots used by a short-haul operator become available as those slots may not allow for sufficient ground-time or are at unsuitable ime of the day. So those slots may have some value but not necessarily as much as many would hope.
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Old 30th Jan 2023, 12:04
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Originally Posted by virginblue
Lots of talk about slots on here - but is LHR again slot-constrained after the pandemic? The reason why slots at LHR have traditionally been seen as a goldmine was that there were no slots available from the slot pool (other than useless "moonlight slots"). Is that the case again? Plus another issue is that serious money is usually paid for slots suitable for long-haul ops. This is not necessarily the case when slots used by a short-haul operator become available as those slots may not allow for sufficient ground-time or are at unsuitable ime of the day. So those slots may have some value but not necessarily as much as many would hope.
Yes LHR is constrained with the use it or lose it rule back. Wideroe for example lose their slots and move to STN.
While they might not be ideal slots, a large batch which can be mixed and swapped with others to create a good combination will have some value.
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Old 30th Jan 2023, 12:09
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Originally Posted by AircraftOperations
Depends if they'd made those payment before they pulled the plug...
In most cases, they didn’t. Few people over on Twitter were threatening legal action for claims over 90 days..
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Old 30th Jan 2023, 12:17
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I must admit, despite this being incredibly sad for all of the staff involved, that this was to be expected.

I travelled on business on the LHR-NCL route twice and NCL-LHR once in the short time the route was operating. At no point, was the load factor higher than 13. Even on one flight, the crew member I spoke to said they were advised it was to hold the LHR slot. For an airline losing £5m per month and continuing to do this is completely negligent. They were around 40% load factor on BHD-NCL-BHD but the whole rotation must have been losing them £100k per week, at the very least.

in terms of my previous post about compensation, there are a number of people who has been chasing compensation payments that were exceeding 90 days. There are also other stories of those who travelled with Flybe regularly who had numerous flights cancelled and hadn’t received the refunds for these either.

in terms of a buyout, as I can see the administrators are encouraging this, no serious operator or investor will touch this operation with a barge pole.
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Old 30th Jan 2023, 12:20
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Originally Posted by BA318
Yes LHR is constrained with the use it or lose it rule back. Wideroe for example lose their slots and move to STN.
While they might not be ideal slots, a large batch which can be mixed and swapped with others to create a good combination will have some value.
It doesn’t matter all were BA remedy slots !
They have no value to Flybe administrators or their creditors as they can’t be sold on
They return to BA(IAG) pool until someone else wants to try Aberdeen Edinburgh Nice Moscow Cairo or Saudi or convince the regulators to vary the GBNI/EU points
Technically the GBNI/EU variation should only come into play after 6 completed IATA scheduled seasons however Flybe 2.0 somehow managed to convince the regulators somewhat earlier due to prior ops of Flybe 1.Moscow is also off the table for other reasons right now
Caveat Nice may have been removed from the list as AirFrance now compete with a daily domestic configured 320 each morning a route they codeshared with bmi back in the day

Last edited by Rutan16; 30th Jan 2023 at 12:45.
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Old 30th Jan 2023, 12:30
  #973 (permalink)  
 
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All BE staff were paid for the month of January
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Old 30th Jan 2023, 12:34
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Originally Posted by TartinTon
All BE staff were paid for the month of January
Thats a positive as few/none will be eligible for any statutory redundancy
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Old 30th Jan 2023, 13:06
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Originally Posted by TartinTon
All BE staff were paid for the month of January
Thats good. I correct my earlier statement. Apologies for the incorrect info. Hopefully the frontline staff walk quickly into other jobs.
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Old 30th Jan 2023, 14:11
  #976 (permalink)  
 
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Originally Posted by Rutan16
It doesn’t matter all were BA remedy slots ! They have no value to Flybe administrators or their creditors as they can’t be sold on. They return to BA(IAG) pool until someone else wants to try Aberdeen Edinburgh Nice Moscow Cairo or Saudi or convince the regulators to vary the GBNI/EU points
Which slots did FlyBe use for those "non-remedy-slots"-destnations like NCL, NQY?
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Old 30th Jan 2023, 14:15
  #977 (permalink)  
 
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Originally Posted by virginblue
Which slots did FlyBe use for those "non-remedy-slots"-destnations like NCL, NQY?
They were all remedy slots. Apparently these had been released for other UK/EU destinations when "Flybe One" entered administration in 2020 but by a matter of days or weeks.
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Old 30th Jan 2023, 14:39
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The only thing I will say here is that it is very noticeable that no one is talking about a gap in the market and an opportunity now that flybe has gone bust again. To me that is telling, the market is in recovery mode and the strongest survivors will have to work hard to make money. Loganair has 60 years and a brand that even though it was subsumed as BA then later flybe is still very strong and came back well, and Emerald of course has Aer Lingus. Alongside whetever Eastern is doing this week, that's probably going to be a good presence until the next boom in air travel IMHO.

As to flybe2, the most telling line was the Administrators saying that if anyone wants the LHR slots they'd have to buy a bankrupt airline. I suspect that was the #CunningMasterplan all along, be a massive pain in the a*** to the competition so they'd buy you out just for some sanity.

Last edited by Skipness One Foxtrot; 30th Jan 2023 at 14:52.
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Old 30th Jan 2023, 15:33
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Yes I think a very few routes might get picked up or additional frequencies from existing carriers on the routes but I doubt there will be feeding frenzy
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Old 30th Jan 2023, 15:45
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Originally Posted by Skipness One Foxtrot
As to flybe2, the most telling line was the Administrators saying that if anyone wants the LHR slots they'd have to buy a bankrupt airline. I suspect that was the #CunningMasterplan all along, be a massive pain in the a*** to the competition so they'd buy you out just for some sanity.
Other than possible access to slots, what exactly would you be buying - the brand, goodwill?
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