Flybe in trouble ?
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Flybe in trouble ?
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Not widely reported at the moment. Anyone else have any reliable news?
Edit: Actually there is a fair bit of Twitter traffic. What awful news. Let's hope they get through.
Edit: Actually there is a fair bit of Twitter traffic. What awful news. Let's hope they get through.
Last edited by Wickerbill; 12th Jan 2020 at 22:29.
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Being somewhat involved I have to say this has come as a complete shock.
Thinking of all the Flybe family this morning - lots of very good people facing a very difficult day.
Thinking of all the Flybe family this morning - lots of very good people facing a very difficult day.
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Flybe on Brink of Collapse
Widely reported this morning Flybe on the brink of collapse.
Virgin & Stobart purchased all the Airlines assets exactly 12 months ago and now they are sending the Airline down the river. White collar criminals.
Virgin & Stobart purchased all the Airlines assets exactly 12 months ago and now they are sending the Airline down the river. White collar criminals.
Well, without the injection of cash from Connect, they would have 'gone down the river', 12 months ago. If the rumours are true perhaps its just not a viable business. Calling them criminals appears to be without foundation and potentially libellous.
For the sake of all the employees and pax with tickets, I hope it works out.
For the sake of all the employees and pax with tickets, I hope it works out.
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Been on the cards for a long, long time now. When I left seven years ago they were in trouble and holed below the water line, they plugged it but only temporarily. That said it’s a terribly traumatic time for the guys and girls there and I wish them all the best and good luck.
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Flybe tight-lipped over collapse threat https://www.bbc.co.uk/news/business-51089118
I can only draw comparisons with defunct airlines here in Spain, Spanair being just one in a very long list.
Competition comes from not other airlines but from road and rail, which is probably the case now in the United Kingdom.
A flight from Madrid to Barcelona is very quick, 1 hour 15 minutes, however check in and security procedures add on a couple of hours or so. The cost for this flight is around 95 Euros.
For the same cost a seat in a comfortable high speed train will get you there in 2 hours 30 minutes.
Competition comes from not other airlines but from road and rail, which is probably the case now in the United Kingdom.
A flight from Madrid to Barcelona is very quick, 1 hour 15 minutes, however check in and security procedures add on a couple of hours or so. The cost for this flight is around 95 Euros.
For the same cost a seat in a comfortable high speed train will get you there in 2 hours 30 minutes.
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Just to clear that up, competition is not flybe's issue, they operate at near 90% load factors, there flights are full, its debt and financial commitments that are constantly spiraling out of control
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Good luck to all at Flybe in this difficult time. Keeping my fingers crossed for you.
Livesinafield, I am sure that I am not telling you anything new when I say that full flights don’t tell the whole story. To get that high load factor they may need to undercut the competition and as a result lose money.
Livesinafield, I am sure that I am not telling you anything new when I say that full flights don’t tell the whole story. To get that high load factor they may need to undercut the competition and as a result lose money.
Gutted to hear this kind of news, both Monarch and Flybe were/are my preferred choices everytime, both damn good airlines and damn good customer services at least at the airports when and if needed. I sing Flybe praises to anybody that thinks of booking with MOL for so many reasons. Just hope you good guys and girls have a good news day. Stay safe.
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Chris.
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There are no high speed, comfortable or even vaguely affordable trains in the UK . . . flying on carriers like flybe is, practically, the only way for many people to travel.
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Demand remains soft, and some competing rail links are improving – in southwest England, for example, new rail timetables introduced on GWR a month ago dramatically improved services from Devon to London, damaging the appeal of the Flybe link from Exeter to the capital.
There are no high speed, comfortable or even vaguely affordable trains in the UK . . . flying on carriers like flybe is, practically, the only way for many people to travel.
It would have been quicker and, probably, cheaper to drive would it not?
Dog Tired
From the AOL news feed:Flybe bosses have held crunch talks with the Government in a bid to save the airline.
Discussions were held with the Department for Business, Energy and Industrial Strategy (BEIS) and the Department for Transport (DfT) over the weekend to see whether they could provide or facilitate emergency financing, the PA news agency understands.
Around 2,000 people are employed by the airline.
The Exeter-based carrier was bought by a consortium consisting of Virgin Atlantic, Stobart Group and Cyrus Capital in February 2019 following poor financial results.
The consortium, known as Connect Airways, paid just £2.2 million for Flybe's assets but pledged to pump tens of millions of pounds into the loss-making airline to turn it around.
Discussions were held with the Department for Business, Energy and Industrial Strategy (BEIS) and the Department for Transport (DfT) over the weekend to see whether they could provide or facilitate emergency financing, the PA news agency understands.
Around 2,000 people are employed by the airline.
The Exeter-based carrier was bought by a consortium consisting of Virgin Atlantic, Stobart Group and Cyrus Capital in February 2019 following poor financial results.
The consortium, known as Connect Airways, paid just £2.2 million for Flybe's assets but pledged to pump tens of millions of pounds into the loss-making airline to turn it around.
