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Flybe 1 and to a lessor extent 2.0 where trying to be everything to all types of passengers. The cabin baggage charges at the end of flybe 1 really pushed the customers to the limit and now Emerald trying the same game. It won't end well.
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Originally Posted by cavokblues
(Post 11409302)
Not sure whats left of the regional UK market is big to make enough cash to register a profit and absorb the sort of losses the existing route network was making.
The airline was losing around £48m - £60m a year - Loganair made £5m profit total last year! |
whats this about BE 3.0 surely not?
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Originally Posted by CabinCrewe
(Post 11414228)
whats this about BE 3.0 surely not?
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Yes. Interesting but probably will not find out what it goes for at auction. The brand is only good for ash trays and legally changing it to flymaybe. Not even sure the social media element has value seeing as the airlines trustpilot rating never improved over V.1. 81% one star. Good work.
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Originally Posted by anothertyke
(Post 11409831)
What was Flybe 2's turnover? edit-- for calendar 22, it is 350,000 times sector revenue per pax.
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Flybe website now showing a purple cover screen and the original logo of the MK1 company, with administration enquiries being redirected to Interpath's own site. Surely not another round of this. An administration report is due in the next few days if I understand correctly.
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Originally Posted by amyisraelchai
(Post 11599818)
Surely not another round of this.
I wonder if the AOC from Flybe 2.0 is still active/available and whether any new prospective Flybe 3.0 operation would be able to buy/use it, or would they have to do the same as what happened when Flybe 1.0 went into administration and obtain a fresh one (as Flybe 2.0 did...!) because I understand that AOCs are not usually allowed to be simply transferred over, particularly not Type A ones. |
I’m guessing the change to the website is more to do with the fact that 12 months have now elapsed since Flybe went into administration, so guidance for those who held bookings is now longer required.
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I seem to recall it having been offline for a considerable period (in the region of months) already - the use of the existing brand on a website no longer legally required is a little odd surely.
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Devon airline Flybe has finally been dissolved leaving £700m of debts unpaid. The Exeter-based carrier was at one time a million-passenger operation but it fell into administration in early 2020 and has now finally been wound up. Documents filed at Companies House reveal the firm, now called FBE Realisations 2021 Ltd, ceased to exist on March 18. Administrators for FBE Realisations 2021 Ltd revealed in filed documents last October that there were more than 935,460 claims from unsecured creditors amounting to a jaw-dropping £684m. Following a hearing in the High Court a notice was sent to all creditors telling them they would not receive any money. Investigations into all Flybe Ltd/FBE Realisations directors, shadow directors or de-facto directors, for their conduct in the three years before the administration, concluded and no action is being taken against them. |
What a fabulous job COW did...and she still manages to be employed...her interview technique is something that should be studied and bottled for vast sums of money.
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£684m is absolutely insane for a tiny carrier. Although is that for both incarnations of Flybe? Or just Mk. 2
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Originally Posted by SealinkBF
(Post 11625338)
£684m is absolutely insane for a tiny carrier. Although is that for both incarnations of Flybe? Or just Mk. 2
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This thread is for Flybe V2. The information in the link is about the original airline which was, as the information states, based in Exeter and folded in Mar 20. I remember it well.
Me |
I cannot believe that COW is employed. I can only think there is some secret CEO club that ignores total failure. But there were others in Flybe that were a universe away from reality. Flybe V2 was never going to work and some of the delusion from posters on this site when it got going was troubling. The saddest thing as is that lack of managerial talent puts good people out of work.
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puts good people out of work. |
The administrators did indeed sell the brand, apparently to an "individual," which seems even crazier than taking it on for another business attempt.
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