There is surely some significance in the fact that it is FlyBe facing administration and not Connect Airways.
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Sky reports that APD running to millions is owing and they want it deferred.
Why would the Government allow FlyBE to "defer" APD when other regional and international airlines must pay it on time. It seems like that is like any other business withholding VAT or social security payments. This was done intentionally by someone high in management in the Company. That is reckless trading and they should be shut down. |
Originally Posted by CEJM
(Post 10661788)
Instead of coming out with a one liner, why don’t you explain to Brigantee why easyJet would not be interested in BHX? At least it gives everybody some insight into why easyJet are shying away from the Midlands.
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Originally Posted by CEJM
(Post 10661824)
With that in mind, why does easyJet keep increasing it’s Manchester base then? Still doesn’t answer the question why easyJet would not open a base in BHX.
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I do believe easyjet had a base at Manchester before Jet2 showed up so it's in their best interest to protect their turf. EZY have a presence at every Jet2 base except EMA and LBA |
Reportedly looking to defer multi-million pound APD payments...
https://news.sky.com/story/flybe-beg...-bill-11908014 |
Interesting article, hinting that help might be forthcoming.
State help for Flybe maybe, but don't give its owners a free ride https://www.theguardian.com/business/nils-pratley-on-finance/2020/jan/13/state-help-for-flybe-maybe-but-dont-give-its-owners-a-free-ride?CMP=Share_AndroidApp_Copy_to_clipboard |
Originally Posted by Schoenheit
(Post 10661862)
Sky reports that APD running to millions is owing and they want it deferred.
Why would the Government allow FlyBE to "defer" APD when other regional and international airlines must pay it on time. It seems like that is like any other business withholding VAT or social security payments. This was done intentionally by someone high in management in the Company. That is reckless trading and they should be shut down. Because have you seen Cross Country train prices? If deferring (not writing off) payment saves 2000 jobs, then it would be prudent to do this. However, I am surprised at the lack of noise from Stobart and Virgin who only a few months ago launched their Virgin Connect website and waxed lyrical about the journey. Odd, odd, odd. |
The APD is collected from the passenger by the airline on behalf of the government. It is not FlyBe's money to hold onto.
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2000+ jobs potentially to be lost.
The Secretary of State liable to pay the 'protective award' for each person. Usually amounting to 90days salary, for lack of a notice period. About £15m by my rough calculations. It might make sense to help defer APD, and assist Flybe. |
Originally Posted by RogueOne
(Post 10661957)
2000+ jobs potentially to be lost.
The Secretary of State liable to pay the 'protective award' for each person. Usually amounting to 90days salary, for lack of a notice period. About £15m by my rough calculations. It might make sense to help defer APD, and assist Flybe. The management are playing games IMO. There is still going to be an airline at the end of it and this is going to be similar to the Loganair/BMI situation. |
Not quite that much sadly....
Originally Posted by RogueOne
(Post 10661957)
2000+ jobs potentially to be lost.
The Secretary of State liable to pay the 'protective award' for each person. Usually amounting to 90days salary, for lack of a notice period. About £15m by my rough calculations. It might make sense to help defer APD, and assist Flybe. Best outcome for the staff is definitely some sort of rescue package. Fingers crossed for all involved. |
Agree this sounds like bmi and Loganair all over again
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Flybe and it's debts into administration.
Virgin and it's branded Connect run by Stobart, both financed by Cyrus rise like a phoenix from the ashes. Just like the demise of BMI Regional and subsequent takeover of routes and aircraft leases by Loganair. Virgin and Stobart are full of PR spin but need to put in the millions they promised. Taxpayers shouldn't bail out such underhand and devious financial manipulation by well paid bosses. |
Originally Posted by ExpectmorePayless
(Post 10661983)
Flybe and it's debts into administration.
Virgin and it's branded Connect run by Stobart, both financed by Cyrus rise like a phoenix from the ashes. Just like the demise of BMI Regional and subsequent takeover of routes and aircraft leases by Loganair. Virgin and Stobart are full of PR spin but need to put in the millions they promised. Taxpayers shouldn't bail out such underhand and devious financial manipulation by well paid bosses. shame it’s not the staff at the bottom |
Originally Posted by oapilot
(Post 10661969)
(subject to success at industrial tribuneral)
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Is it possible to do a pre-pack administration without forfeiting the AOC?
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G-JECX (DUS Based) is operating as normal with a 35 minute departure delay being on the ground for 2HRS - would they have sent this aircraft out of UK to DUS if they were to cease?
G-PRPC (EMA Based) was diverted to BHX and has since re-positioned back to EMA to be in position for tomorrow's AMS. I am aware of delays mainly to BHD aircraft due to weather which has affected other airlines. |
Sounds like a deal has been done
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Says that a deal hasn’t been done and that there’s a possibility it could still fold, but they need assurance from Connect Airways tomorrow over finances.
Hopefully positive news |
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