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-   -   Flybe-V1 (https://www.pprune.org/airlines-airports-routes/637085-flybe-v1.html)

Skipness One Foxtrot 22nd Mar 2022 10:55

Did they inherit BE / BEE and "Jersey"?

There's a delusion at the heart of planning and positioning IMHO. LHR-LBA/AMS/BHD shows that.
From the new homepage :

We are on a journey as a new company taking the much-loved flybe brand into a new era.

Putting our customers and colleagues at the heart of everything we do, our motto is ‘smile and go the extra mile'. We are in the business of serving the demand for faster and easier connections in a friendly, responsible, and sustainable way.

SKOJB 22nd Mar 2022 11:01

Only time will tell on their success and I wish them luck. One thing is for sure, the likes of Eastern, Aer Lingus Regional and Loganair will not be resting quite so easy!

tictack67 22nd Mar 2022 11:12


Originally Posted by ATNotts (Post 11203799)
https://cimg1.ibsrv.net/gimg/pprune....b7713753af.jpg
https://cimg2.ibsrv.net/gimg/pprune....ba40a89c8d.jpg
EasyJet losing interest in operating from GLA and EDI to BHX and redeploying their fleet to mainland Europe destinations, hence the start date being July, rather than the early summer months. EZY will always go where the best profits are to be made and GLA/BHX probably isn't that far up the profitability list.

Birmingham to Edinburgh £283 on 24march

Tenerife To Edinburgh €42

Explain your theory on profitable routes?

ATNotts 22nd Mar 2022 14:01

ticktack67:


Birmingham to Edinburgh £283 on 24march

Tenerife To Edinburgh €42

Explain your theory on profitable routes?
More like blows it apart!! However you have taken an inbound date right at the start of the season. A more interesting comparison might be EDI/TFS on the same date. Might be interesting to do a comparison for a midweek date in late May as well.

ATNotts 22nd Mar 2022 14:04


Originally Posted by Skipness One Foxtrot (Post 11203898)
Did they inherit BE / BEE and "Jersey"?

There's a delusion at the heart of planning and positioning IMHO. LHR-LBA/AMS/BHD shows that.
From the new homepage :

So what? Is there something about business and commercial law that is getting misunderstood here - or just a refusal to accept that no matter what the IATA and ICAO codes and no matter what the radio callsign is this is a new business bought from the administrators of the old business.

What is so difficult to understand??

Now whether the new business sinks or swims is another and very debatable topic!!

cavokblues 22nd Mar 2022 14:40

Doesn't help matters when the actually administrators themselves use it as an example of an airline being rescued and to pat themselves on the back for 'selling the old airline.' - https://www.ey.com/en_lu/strategy/ho...e-is-traveling

Similarities with football club sales - the holding company might be different but the brand very much remains.

I'm still not convinced saving the Flybe brand was particularly worth it. I think there were other motives and assets in their eyes behind their initial thinking in doing so but we are where we are. I wish them well!


bean 22nd Mar 2022 15:53

Cavokblues. The website you quote is total bs.
Flybe realisations still owes millions and if previous airline insolvencys are anything to go by, the winding up will take decades.
Thyme opco merely purchased the brand name and LHR slots.
Here we are on the same never ending band wagon again and again and again and again

Skipness One Foxtrot 22nd Mar 2022 15:57


Originally Posted by bean (Post 11204074)
Cavokblues. The website you quote is total bs.
Flybe realisations still owes millions and if previous airline insolvencys are anything to go by, the winding up will take decades.
Thyme opco merely purchased the brand name and LHR slots.
Here we are on the same never ending band wagon again and again and again and again

They purchased the LHR slots? For how much? Can they ever sell them on?

bean 22nd Mar 2022 16:01


Originally Posted by Skipness One Foxtrot (Post 11204075)
They purchased the LHR slots? For how much?

Ask Flybe realisations.

bean 22nd Mar 2022 16:02


Originally Posted by Skipness One Foxtrot (Post 11204075)
They purchased the LHR slots? For how much?

Ask Flybe realisations.

BA318 22nd Mar 2022 16:03


Originally Posted by bean (Post 11204074)
Cavokblues. The website you quote is total bs.
Flybe realisations still owes millions and if previous airline insolvencys are anything to go by, the winding up will take decades.
Thyme opco merely purchased the brand name and LHR slots.
Here we are on the same never ending band wagon again and again and again and again

The quoted website is one of the world’s leading consultancy and accounting companies. I think we know who to trust.

cavokblues 22nd Mar 2022 16:12


Originally Posted by bean (Post 11204074)
Cavokblues. The website you quote is total bs.
Flybe realisations still owes millions and if previous airline insolvencys are anything to go by, the winding up will take decades.
Thyme opco merely purchased the brand name and LHR slots.
Here we are on the same never ending band wagon again and again and again and again

They're the administrators handling the administration of the old airline, old bean. Make sure you drop them an email and tell them they're talking bull.

bean 22nd Mar 2022 16:34

318 and Cavok. The website says that flybe was saved from iinsolvency
it wasn't. Comprendez?

bean 22nd Mar 2022 16:39

Right.
The saving from insolvency relates to selling the Flybe business to Virgin Atlantic, Stobart and Cyrus Capital S advisors to the Flybe board. It made a lot of money for EY as consultants
That worked well didn't it?
EY are making loads of money as administrators of Flybe Realisations Ltd as well

bean 22nd Mar 2022 16:52

Cavokblues. Flybe realisations is the old airline

inOban 22nd Mar 2022 16:55

And at that time on Thursday you could take 1st class on the train for £138 with complimentary at seat service.

BA318 22nd Mar 2022 17:11


Originally Posted by bean (Post 11204090)
Right.
The saving from insolvency relates to selling the Flybe business to Virgin Atlantic, Stobart and Cyrus Capital S advisors to the Flybe board. It made a lot of money for EY as consultants
That worked well didn't it?
EY are making loads of money as administrators of Flybe Realisations Ltd as well

Have a read of the article. You started off saying it’s talking bull and now saying it’s talking about something different. You’re just embarrassing yourself. One of the world’s biggest consultancy and accounting companies literally writes it and you’re trying to tell everyone they are wrong and you’re right.

The article mentions selling Flybe and then continues with the problems they face and ultimately the sale of the new Flybe.

davidjohnson6 22nd Mar 2022 17:15

The curtain on the stage has *finally* been lifted and the show has (almost) begun. No, not some kind of funny "virtual airline", but a real proper airline that both sells tickets and also flies the passengers. I didn't think it would really get to this stage, but we should now give Flybe and its employees a chance. We all have our doubts... the CEO will also have his (privately held) doubts as well... but that's the same whenever a theatre puts on a new performance. It is now a case of waiting to see how many punters want to buy tickets for the show
First flight is in 3 weeks time. Anecdotal data on how the commercial side is going will be available from mid May. We will know by summer from the CAA's statistics for May how the airline is really doing

runway30 22nd Mar 2022 17:26


Originally Posted by BA318 (Post 11204079)
The quoted website is one of the world’s leading consultancy and accounting companies. I think we know who to trust.

An airline needs an Operating Licence to be a going concern. The legal entity wasn't sold, there was no ongoing business. I think they sold the name and a passenger database which amounts to sod all.

BA318 22nd Mar 2022 17:34


Originally Posted by runway30 (Post 11204109)
An airline needs an Operating Licence to be a going concern. The legal entity wasn't sold, there was no ongoing business. I think they sold the name and a passenger database which amounts to sod all.

A key priority was to negotiate with the Civil Aviation Authority (CAA) about Flybe’s operating license and air operator certification. Without these, Flybe would lose access to valuable assets and vital permissions to function, including UK and EU airport slots”

“The M&A process attracted nine credible expressions of interest and the ultimate sale of Flybe to a new company, called Flybe Ltd and, as Edel explains, “the sale provided the possibility for growth, new jobs and the chance for Flybe Ltd to be a valuable economic contributor to regional communities across the UK and EU.” In the context of the Government’s ‘leveling up’ agenda and its emphasis on restoring regional connectivity, the prospects are good.”

The LHR and AMS slots are from Flybe1 so clearly they went with the sale too.



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