Stobart Air and Virgin joining forces to buy Flybe?

[chief]

https://news.sky.com/story/virgin-and-stobart-take-off-with-flybe-in-cut-price-deal-11604069

Any thoughts on this?
Interesting times ahead for these companies.

[racedo]

Loss makers take over other loss maker.

I hear sounds of an empty can being kicked down the road.

[carmel]

News regarding deal expected at 7am and word is that Flybe will be rebranded as FlyV.

[compton3bravo]

It is to be called Connect Airways apparently but fly under the Virgin Atlantic brand. Bought for 2.2 million with shareholders getting 1p a share.

[Wickerbill]

Its official

https://www.bbc.co.uk/news/business-46834827

[22/04]

I still don't think people see the bigger picture regarding Virgin- Delta have sad that they have learnt a lot from buying into them and don't seem unhappy about it.

So -there will obviously be pruning at Fly Be. I would expect DSA and CWL to be vulnerable - and EXT at least to some extent. The new airline taking over UK regional and some LHR flying from Air France. (and gaining some LHR slots that way). SOU will largely be kept - it is profitable. - as will MAN with hub potential but I am less sure about BHX. All E175 to remain. LHR domestics to remain. Not sure about Aer Lingus flying- will IAG be happy for that to be flown by a competitor or will it go to CityJet.

There/s my twopenneth. - and it assumes VS is DL/AF/KL owned inn the main. This is Atlanta talking - it wouldn't be happening otherwise. And it will be helped by a third runway at LHR - that must factor into the thinking. Neither VS or BA want Easy there.

[Riskybis]

It baffles me when people think that VS is loss making 😂😂 it’s pretty obvious that’s it’s a tax avoidance scheme with Delta which makes almost the same amount of profit as the whole of IAG
Heard the other day that VS/Delta is also eyeing up NAS

[fast cruiser]

Originally Posted by racedo

Loss makers take over other loss maker.

I hear sounds of an empty can being kicked down the road.

Well it can’t be that bad as Virgin has paid my mortgage for nearly 2 decades!! 🛎🔚

[racedo]

Originally Posted by fast cruiser

Well it can’t be that bad as Virgin has paid my mortgage for nearly 2 decades!! 🛎🔚

Good and long may that continue.

https://www.ft.com/content/a81e071a-...e-cc62a39d57a0. However it lost £28 million in last reported Financial year and its margin when profitable is less than 1%.

Neither Virgin or Stobart are making huge profits that allow lots of cash to be invested in turning Flybe around. Flybe Plc was bought by Connect with the 2 airlines getting use of the assets. Connect Airways Ltd directors are Lucien Farrell, Jonathan Brown. Iinteresitng that Warwick Brady appointed as a Director in December and resigned 2 weeks later.

Issue and problem with Joint ventures is that all parties to it will have different agendas.

[CaptainProp]

Originally Posted by 22/04

I still don't think people see the bigger picture regarding Virgin- Delta have sad that they have learnt a lot from buying into them and don't seem unhappy about it.

So -there will obviously be pruning at Fly Be. I would expect DSA and CWL to be vulnerable - and EXT at least to some extent. The new airline taking over UK regional and some LHR flying from Air France. (and gaining some LHR slots that way). SOU will largely be kept - it is profitable. - as will MAN with hub potential but I am less sure about BHX. All E175 to remain. LHR domestics to remain. Not sure about Aer Lingus flying- will IAG be happy for that to be flown by a competitor or will it go to CityJet.

There/s my twopenneth. - and it assumes VS is DL/AF/KL owned inn the main. This is Atlanta talking - it wouldn't be happening otherwise. And it will be helped by a third runway at LHR - that must factor into the thinking. Neither VS or BA want Easy there.

As if this little project was ever going to keep EZY out of LHR?! EZY has mapped out 79 (!) routes they’d be interested in operating out of LHR if / when third runway is ready.

CP

[4engines4longhaul]

Nice one Fast Cruiser spoken like a Virgin Bloke. Been paying my mortgage for 25 years and nearly paid off. At the end of the day we are the best kept the secret

[RexBanner]

Sheer fantasy to be talking about Heathrow’s third runway as if it’s going to have an impact on any airline CEO’s plan within the next twenty years.

[stormin norman]

I smell a government subsidy being offered in the not to distant future.