I think for VS (or DL) they will se this as an attempt to do something closer to Delta Connection in the UK ( and not Europe where the model doesn't have as much leg). Even sounds similar.
It is never good to keep a brand which has failed. So no Flybe going forward in to the further future. Assuming BREXIT happens the UK will move closer to the US and away from Europe. |
"The combined entity will be a powerful combination with sufficient scale to compete effectively in the and (sic) European airline markets. It will allow us to continue to work with Flybe and provides an excellent opportunity to continue to grow passenger numbers at London Southend Airport." Does this suggest that the current scale-back of flyBE and Stobart operations from SEN will be reversed?
It doesn't look like Stobart will have much clout within the new organisation but Virgin Atlantic might be content to let them put another airframe or two at SEN. |
Originally Posted by NickBarnes
(Post 10357704)
ttps://www.virginatlantic.com/gb/en/media-centre/press-releases/enhanced-connectivity-to-uk-regions.html
Of course thats if this does go through, and that's a big if at the minute |
Originally Posted by Copenhagen
(Post 10357646)
Was Flybe just valued at £2.3m?
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This bid is pretty humiliating for the current, and past, management, and directors of Flybe. It values the company at less than 1% of the levels it briefly reached just after the floatation. One can only assume that the directors are recommending such a derisory bid as the company is very, very close to complete collapse, otherwise, they'd surely hang out for something better.
Whatever happens, hope for a good result for most staff, who have had to put up with a lot of uncertainty, over many years. Whilst a lot of people out there will regret the day that JF walked through the doors at Exeter, the current Board don't look too smart for rejecting the Stobart bid last year, and then leading the company to the precipice. |
It makes sense in that you can see the newco feeding KLM/AF/DL traffic from the U.K. to AMS and CDG and vice versa from the EU into VS/DL hubs like MAN. The fleet is a bit of a mess though with ATRs, Embraers and Q400s. Be interesting to see if they rationalise the prop fleet into one type. |
Be interesting to see if they rationalise the prop fleet into one type |
Originally Posted by 22/04
(Post 10357762)
Very. Whatever happens I expect there to be fewer of them. If this works out maybe Airbus 220s - DL is a big customer for them.
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I may be wrong but I feel Flybe can trace it's current dire position to the over ambitious fleet growth some years ago when Jim French was in charge. Large numbers of E Jets and Q400s transformed the regional airline, but made it very vulnerable to changes within the economy. Perhaps had there been a slower and more organic growth the airline would have been less stretched and better placed to weather financial downturns. Yes I know, it's easy to be wise after the event! |
So with Stobart absorbed into this new entity, what happens to those aircraft flying branded as Aer Lingus Regional?
If that arrangement is allowed to expire, it shouldn't make a massive difference to the Cork routes, other than losing the Aer Lingus sales platform in Ireland; they are largely point-to-point thin routes. For the Dublin routes, feeding Aer Lingus long-haul is part of the bread and butter. Aer Lingus certainly won't want to lose the feed, but it may not match what Virgin want. Working things through, Delta will fundamentally own 15% of the new company and they aren't going to be happy feeding a transatlantic competitor. |
Some additional info from Flight:
The activities of Stobart Air, which will also be contributed to Connect Airways, will continue under its own separate Irish AOC with its current franchise and leasing operations Flybe’s network will be adjusted to improve connectivity with Virgin Atlantic’s long-haul networks at London Heathrow and Manchester. The document indicates that the route optimisation will “likely” result in a “limited reduction” in the number of aircraft in the Flybe fleet, which currently stands at 76 – a mix of Bombardier Q400s and Embraer E-Jets. |
Originally Posted by 840
(Post 10357829)
So with Stobart absorbed into this new entity, what happens to those aircraft flying branded as Aer Lingus Regional?
If that arrangement is allowed to expire, it shouldn't make a massive difference to the Cork routes, other than losing the Aer Lingus sales platform in Ireland; they are largely point-to-point thin routes. For the Dublin routes, feeding Aer Lingus long-haul is part of the bread and butter. Aer Lingus certainly won't want to lose the feed, but it may not match what Virgin want. Working things through, Delta will fundamentally own 15% of the new company and they aren't going to be happy feeding a transatlantic competitor. I think one of the changes might be that the ATR operation for SAS would move to the RE certificate, streamlining the fleet a little bit, with the ATRs for EI and SK and the Q400s for VS. The E-175/195s will be interesting to watch. The 195s are meant to be gone from BE by years end, but Stobart will still have 5 190/195s. |
As an inhabitant of Newcastle (Flybe's routes to and from which go nowhere near MAN or LHR) who likes the occasional trip to the Channel Islands via SOU, the relentless emphasis in the press release on feed to MAN and LHR worries me. Virgin Atlantic branding on an aircraft flying between GCI and SOU, or NCL and EXT, just doesn't seem to make sense. Big cuts to UK regional flying on the way, I fear :(
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Originally Posted by jensdad
(Post 10357853)
As an inhabitant of Newcastle (Flybe's routes to and from which go nowhere near MAN or LHR) who likes the occasional trip to the Channel Islands via SOU, the relentless emphasis in the press release on feed to MAN and LHR worries me. Virgin Atlantic branding on an aircraft flying between GCI and SOU, or NCL and EXT, just doesn't seem to make sense. Big cuts to UK regional flying on the way, I fear :(
I use the NWI-EXT route often, loads often 80% plus nowadays, of course that still doesn't mean it makes money, I fear that regional connection will be lost now and the 6 hour car journey will return. |
Originally Posted by 840
(Post 10357829)
So with Stobart absorbed into this new entity, what happens to those aircraft flying branded as Aer Lingus Regional?
If that arrangement is allowed to expire, it shouldn't make a massive difference to the Cork routes, other than losing the Aer Lingus sales platform in Ireland; they are largely point-to-point thin routes. For the Dublin routes, feeding Aer Lingus long-haul is part of the bread and butter. Aer Lingus certainly won't want to lose the feed, but it may not match what Virgin want. Working things through, Delta will fundamentally own 15% of the new company and they aren't going to be happy feeding a transatlantic competitor. As for fleet reductions, I expect that to be achieved in the form of ditching the E195's and maybe some of the Q400's. Can't see the E175's going and there's 4 more on the way soon. |
. Big cuts to UK regional flying on the way, I fear Loganair/BMI may pick up any routes which can turn a profit. Aurigny are essentially state owned and might fill in some GCIs. |
This deal could give MAN the hub carrier it has lacked, with full integration of the UK's most extensive domestic air network, a reasonable near-Continent coverage and an emerging USA offer. They'll need to make 'Flybe' at T3 link smoothly with Virgin at T2, though. |
There's something very fishy going on here. It seems that Flybe have just sold the family silver, 5 minutes before the market closed and at twice the market capitalisation. Have Branson and Stobart just been screwed over ?
RNS Number : 9260M Flybe Group PLC 11 January 2019 Flybe Group PLC ("Flybe" or the "Group") Slot Transaction at Gatwick Airport Flybe Group plc announces that today Flybe Limited, a wholly-owned subsidiary, signed an agreement with Vueling Airlines S.A. (the "Agreement") to receive a total of £4,500,000 (four-and-a-half-million pounds) in respect of slots at London Gatwick Airport. The funds will be paid in two tranches, being receivable in the next few days in respect of slots to be used during the Summer Season in 2019 and for subsequent Summer Seasons. The remainder is due in June 2019 in respect of slots to be used during the Winter Season in 2019/20 and subsequent Winter Seasons. |
Flybe had already announced they were pulling out of Gatwick - Newquay flights to operate to Heathrow this year. A slot sale was a logical result of this - timing may not have been in their control.
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The question being what exactly can VS do to adjust at Heathrow - there isn’t as much room to play around with there. The key to me seems to be Manchester - and even if they move assets from Gatwick to strengthen the case for a flyBe feeder. I fear for the outlying smaller bases (Norwich, Cardiff, Doncaster and even Birmingham), the more leisure orientated routes seem to be the most logical to go first. 116D, where those 195’s end up will be interesting given some of them were being farmed off to Stobart! |
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