Shaft the shareholder week.... it all sounds like pie in the sky. So sad to see a viable airline mismanaged into this

https://www.flybe.com/application/fi...e_Document.pdf

Not looking good guys.

Paragraph 6 and 7 guys - Page 18

Intentions with respect to the Flybe Group business
Connect Airways intends to focus on three principal areas, in relation to the business of the Flybe Group:
• simplifying and focusing on improving the performance of Flybe Limited’s core network whilst recognising the importance of regional connectivity;
• adjusting Flybe Limited’s network to improve connectivity with Virgin Atlantic’s long-haul network, particularly at London Heathrow Airport and Manchester Airport, bringing more choice to customers; and
• operating the Combined Group as an independent company, and optimising the combined commercial, operational and functional expertise and scale of Virgin Atlantic and the Stobart Group.

Optimising the Network and Improving Connectivity

Connect Airways plans to optimise Flybe Limited’s network and operations to focus on key routes with the aim of continuing to enhance regional connectivity across the UK and Ireland.
Connect Airways also intends to bring benefits for customers through linking an enhanced Flybe regional network with Virgin Atlantic’s long-haul operations particularly at Manchester Airport and London Heathrow Airport.

Rebranding
All flying operations except Stobart Air will operate under a Virgin brand to the extent possible. This will be timed to coincide with a refurbishment programme for Flybe Limited’s fleet to provide a seamless customer experience in keeping with Virgin Atlantic’s heritage.

There will be no change to the brands under which Stobart Air flies today which will continue to be maintained and operated separately.
Interim funding
Concurrently with announcing the Acquisition, the Connect Lenders made available a £20 million secured bridge loan facility to support Flybe Limited’s ongoing working capital and operational requirements. Concurrently with the entering into of the Subsidiary Sale SPA, this bridge loan facility was amended and £10 million of the revised £20 million secured facility was immediately utilised by Flybe Limited (with an additional £5 million being utilised on 25 January 2019).
Directors
Upon completion of the Acquisition, the Non-Executive Directors will be asked to resign from the Board and will be replaced by directors appointed by Connect Airways.
Whilst very limited discussions have taken place, Connect Airways has made no decision as to whether it would be appropriate to put in place management incentivisation arrangements and, if so, the form such arrangements may take. It is Connect Airways intention to consider this only once the Acquisition has completed.
Leveraging the expertise of Flybe, Stobart Group and Virgin Atlantic
Through the combination of Flybe and Stobart Air, and partnering with Virgin Atlantic, Connect Airways intends to continue as an independent operating carrier with a separate UK AOC under the Virgin Atlantic brand. Stobart Air is intended to continue under a separate Irish Air Operator Certificate with its franchise and aircraft leasing operations as exists today.

Locations for the Combined Group

As part of the integration process, Connect Airways will consider the most appropriate locations for the headquarters and engineering centre. However, it is expected that the Combined Group will maintain a material presence at each of Flybe’s existing Exeter headquarters and Stobart Air’s Dublin headquarters.


In addition, Connect Airways intends to maintain people and presence at the airports at which Flybe Limited, Stobart Air and Virgin Atlantic have operations, subject to changes arising from any alterations to the network.

The network and route optimisation will likely include a limited reduction in the number of Flybe Limited’s aircraft to right size the fleet for the Combined Group going forward.

I don’t believe it. Another airline in clear trouble with its business plan and here we are - now for the third time - with a suggestion that a new route from Stansted is (at least part of) the cure.

Can we please please give this a break, my dear chap ? It’s ridiculous.

If there was demand for STN to MAN I’m sure U2 of FR would have given it a go.

Handling and airport ownership have almost zero impact here, anymore than a BAA to BAA airport ever did.

I don’t believe I did say that, I was responding to a comment about opening a STN to MAN. Personally i can’t stand STN and avoid it at all costs.

When the poster first wrote about the loss of the early morning flights I read it as being from EMA, although I’ve no idea if Flybe operate the routes he mentioned from there.

Until such time as the Connect deal goes through any talk of which routes will stay, go or be launched is futile.

That said, I also can’t see the viability of a MAN hub unless Virgin significantly upscale their operations. The only way I can realistically see this happen anytime soon is if they also took on Thomas Cook.

The supposed smiley isn’t visible when viewing on mobile. Playground stuff.

I think the posting around services being cut back refers to Edi and Gla to Ema, served by aircraft at the former two bases. Check the schedules for any month in the summer and the cuts are definitely there.

8 sectors a week! No wonder they went bust. When I scheduled BA Birmingham the 1-11s were averaging 5 sectors A DAY

STATEMENT FROM ANDREW TINKLER FOLLOWING HIGH COURT JUDGEMENT, FRIDAY 15 FEBRUARY

High Court Rules Stobart Directors Rigged AGM Vote

Stobart’s claims on ‘conspiracy’ and expenses rejected

Andrew Tinkler calls for Warwick Brady and fellow directors to resign

Following a two-week trial in November 2018, the Judge (HHJ Russen) has found that Iain Ferguson, Warwick Brady, Andrew Wood and John Coombs have breached their fiduciary duties to Stobart Group by using company funds to gerrymander a vote at the July 2018 AGM in their favour. The Judge ruled that all four directors had acted for “improper purposes” by trying to manipulate the vote.

Mr Tinkler said: “In light of the Judge’s findings, Mr Brady, Mr Ferguson, Mr Coombs and Mr Wood have no place on the Board of Stobart Group and they should all step down without further delay.”