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The buyer is a former shareholder...
You don't buy routes, you create them. Aircraft are cheap to buy, heavy maintenance will outsourced to Dublin Aerospace. Former staff will accept lesser contracts than previous. It's strategic and probably a plan long in the making. Customer base is there, once restrictions lift. Timing is the uncertainty... Unless your well connected |
I think the operating licence is still in place at least, and the slots, with the exception of the LHR slots about which there is a 'dispute' with IAG. There is another thread discussing this in 'Airlines, Airports & Routes'.
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It's still a recognisable brand.
I'm pretty sure that the gentleman in question will not have bought the rights without thinking about it. You might find that a Phoenix company that is unencumbered by existing workforce costs but yet still has brand recognition with the travelling public might be well placed to set itself up, recruit cheaper staff, lease cheaper aircraft and get ready to take advantage of the recovery when it comes? |
Does anybody know who the administrators kept on from the flybe management team when the company went into administration.
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A Phoenix from the ashes.....but only when C-19 vaccine(s) are established, and consumer confidence is restored, and unemployment has diminished.
A very gentle start is best. |
Originally Posted by Andy D
(Post 10907398)
Which is probably both a blessing and a curse given many knew them as FlyMaybe…
Seriously, tho, knowing a few folk who flew for FlyBe and shared the airways with them, anything would be good news ..... eventually. However, I'd not rush to put a start date on this myself. Next year? Year after? Year after that? My betting money is staying firmly in my pocket! From the BBC link "One source said the process was at a "very premature stage"". That's probably the most reliable and accurate bit of the article. |
Originally Posted by fjencl
(Post 10907480)
Does anybody know who the administrators kept on from the flybe management team when the company went into administration.
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The Airline Licence has been settled with the CAA after EU legislation saved the day (brexit headbangers take note), the AOC is being discussed with the CAA,
reports it will start early next year are rather optimistic one would assume. |
I wish the project well and hope it succeeds. Unfortunately nagging at the back of my mind are the negative statistics of the number of airlines (not just UK btw) which attempted a comeback and never actually got off the ground, or did but not for long. I'm sure there must have been some successful comebacks in the past. Can anyone think of any?
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Absolutely great news today, these new owners know how to run an airline so will be a different beast if those confidential conditions are met - wonder if one is the retention of the LHR slots..... bet it is.:ok:
I wonder if they're bidding for the Aer Lingus contract? maybe an interesting tactic in the LHR / IAG slot saga |
People who run hedge funds and venture capital companies are usually very interested in how much money they can make for themselves personally but not particularly interested in what happens to the average employee
I would strongly caution against anybody getting excited about a revival of Flybe right now |
The current pandemic is an unknown and defo an opportunity - the airlines flying near empty planes at the moment are all making a loss.
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Should they get close to a restart, how do they deal with the fact that most of the better routes have been taken over by other carriers?
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Originally Posted by True Blue
(Post 10907666)
Should they get close to a restart, how do they deal with the fact that most of the better routes have been taken over by other carriers?
It's harsh but thats the way it is. I would suggest a Logan Air / Flybe agreement may be the best option. |
So they couldn't make it work in best of times yet its gung-ho for restart in the most horrific period of air travel ever experienced? Who’s coming up with this stuff. I despair sometimes.
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Good point. So an airline flying smaller, near empty planes would make less of a loss.
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I really hope this works out. Flybe were never my favourite, but seeing the jobs lost, and the connectivity lost, we have to hope for the best. There will be an upturn at some stage (although just at the moment, it's hard to know when), and if they can be ready with the routes that were viable, then who knows.
Presumably they'll need a new fleet...E2s maybe? A220s? ATRs? |
Originally Posted by airsouthwest
(Post 10907749)
They couldn't make it work because the airline was too big, they couldn't get rid of aircraft on leases as it was too costly. The E-jets we're costing massive amounts in leasing. On top of this they had a training academy losing thousands they couldn't close because it was part owned by the government & Credit card providers refused to hand over cash since 2018. £60 million pounds owed to Flybe by the time it went bust.
The good thing is a new Flybe can be more controlled, with cheaper leased aircraft already painted in the livery, No cash burdens like the training academy. Give Cyprus has previous experience with Virgin America I think they stand a pretty good chance. People need to stop being negative, that's all we've had in 2020. Lets look to the future, rebuild aviation along with the country and just try to support businesses to thrive again! It's not enough to "try and support a business", you need a solid business plan, solid financing and deep pockets in a good year, and er....there have been better years. |
Totally agreed Skipness.
Not to mention that THIS IS THE SAME SHAREHOLDER THAT LET THE AIRLINE GO BUST WITHOUT PUTTING IN ANY MORE OF ITS OWN CASH. NOW ALL THAT DEBT HAS BEEN WIPED CLEAN THEY WANT TO START AGAIN? Bloodsucking monsters. There is no ‘rebuilding of aviation’ until the rest of economy is rebuilt! Cart before horse. |
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