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On the face of it I can't see that this is of any benefit to SEN, but time will tell.
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Originally Posted by EGPO
(Post 10355811)
Out of interest, given the limits on the Runway at Southend , how many aicraft have, Ryanair based there .
I can't imagine they have a huge amount of 738's SFP capabilities. I take it also from the above post that they are limited on weight even with that technology. I thought years ago they had said they might look toward foreign built , Sub130 Seat aircraft . Naturally the Sukhoi - used by Cityjet Eire Or the VSeries now A220-100/300 Both able to be at max weight and land with only 1400 odd metres of Runway so I read . Perhaps if Boeing and Airbus saw the advantage in having in their range an aircraft able to carry upto 130 pax on a short Runway .( C-Series , by Airbus ) And the exellent Embraer E Jets , especially the new E2 etc ( better engines , braking and electronics ). So if the manufacturers see this , why can't the likes of Ryanair. It would open up more routes to smaller airports , that would have the demand , but are limited by runway . Eg they if had say the A220 could operate from LCY. |
A snippet from a statement posted on the Flybe thread.
The Acquisition will enable Flybe to benefit from committed strategic investment partners in terms of Cyrus, Stobart Group and Virgin Atlantic (through Connect Airways) and from an enhanced presence at London Heathrow Airport and Manchester Airport with potential to grow further in London Southend Airport.• The Acquisition and combination with franchise airline, Stobart Air, will provide the Combined Group with an opportunity to increase passenger numbers at London Southend Airport, accelerating its growth for and European air travel. |
Good deal for SEN
The deal gives Stobart £25m up front when DPL buys a 5% share of Stobart .It then gives them a further £25m in 6 years time assuming the JV generates enough profit and cash to allow the second payment. Cash is key right now as the existing business at the airport is loss-making. Stobart loses control of Stobart Air however given that the assets are all on sale & leaseback deals this is most probably a good thing. Being a junior partner they may not have too much sway over the basing of FlyBe assets at SEN but only time will tell .for now the £25m must be very welcome at Stobart Towers .
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This may mean that Stobart row back from their decision to reduce the SEN operation to just ANR, CFR, GRQ, NQY and RNS in two month's time and to terminate the Flybe franchise entirely in a year's time. The elimination of all the E195 routes from SEN is almost complete so this year's STK operation at SEN will be a shadow of its former self. Any re-think brought about by this deal, if it goes ahead, is likely to be beneficial to SEN rather than detrimental, especially in light of Warwick Brady's comments in the statement.
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My interpretation of the information issued is that Stobart Air and Leasing business will be no more but will be absorbed into Connect Airways (the holding company). Stand by for a lot of pruning at some regional airports and concentrate on Heathrow, Manchester and Southampton. Of course all this has to be agreed by the shareholders which are going to get 1p per share.
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Originally Posted by compton3bravo
(Post 10357691)
My interpretation of the information issued is that Stobart Air and Leasing business will be no more but will be absorbed into Connect Airways (the holding company). Stand by for a lot of pruning at some regional airports and concentrate on Heathrow, Manchester and Southampton. Of course all this has to be agreed by the shareholders which are going to get 1p per share.
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LHR probably will become a base, with transfer of some AF slots if the deeper merger goes ahead. Crewed by a reduction in BHX?
Certainly no bad news for SEN; People talk about FR doing a runner - not sure what the deal is but it is more likely they will tinker with the route structure and if/when the leave routes and some may revert to son of Stobart All speculation I know.... |
Originally Posted by 22/04
(Post 10357893)
LHR probably will become a base, with transfer of some AF slots if the deeper merger goes ahead. Crewed by a reduction in BHX?
Certainly no bad news for SEN; People talk about FR doing a runner - not sure what the deal is but it is more likely they will tinker with the route structure and if/when the leave routes and some may revert to son of Stobart All speculation I know.... |
Originally Posted by 22/04
(Post 10357893)
LHR probably will become a base, with transfer of some AF slots if the deeper merger goes ahead. Crewed by a reduction in BHX?
Certainly no bad news for SEN; People talk about FR doing a runner - not sure what the deal is but it is more likely they will tinker with the route structure and if/when the leave routes and some may revert to son of Stobart All speculation I know.... |
FR doing a runner.........
The first mention I can find of FR "doing a runner" is a post on this forum #2501. When AirportPlanner1 made this post I am sure he didn't expect them to, it was just a "what if" scenario. I am sure nobody seriously expects them to up and away quickly after arrival; as has been said a lot here, they ain't stupid, they've done their homework.
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At this stage it appears that the investors in Connect concur that SEN has a role to play if the takeover of Flybe goes through. Stobart people will lead, but as investment in services from the airport is no longer at their sole risk, then it's clear to me that all must have agreed to a way forward for SEN post Flybe.
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As I understand it, before the (proposed) deal, both the airline and airport were part of the same business, and within the same management structure. Presumably this won't be the case going forward?
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Stobart Air is the airline. Stobart Aviation is the airport operator of SEN and CAX. Both of course part of Stobart Group .
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Indeed...my comments about FR “doing a runner” are purely in the context of them leaving other bases all over Europe and being near enough the most volatile partner. Also by default the BE franchise deal would end because Stobart Air and Flybe would be effectely the same company. |
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Originally Posted by AirportPlanner1
(Post 10358992)
Indeed...my comments about FR “doing a runner” are purely in the context of them leaving other bases all over Europe and being near enough the most volatile partner. Also by default the BE franchise deal would end because Stobart Air and Flybe would be effectely the same company. |
SWBKCB - I think you assume correctly
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Originally Posted by Buster the Bear
(Post 10360568)
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Badly written research as they seem to have used a combination of parking charges and drop off charges. Luton is listed at £3 which is their 10 minute drop off charge. The short term car park would cost £8 for 10 minutes but the mid and long term would be free. In fact the long term at Luton is free for the first 2 hours. |
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