devonexpress
Member
- Joined
- 8 Jul 2016
- Messages
- 279
Is there any news on the Flybe rebrand. Originally it was due to happen this month (Jan 2020) now it apparently won't be until March or the middle of this year.
Theres trouble, they announced last week job losses at the Exeter HQ due to restructuring which is to be expected, but this weekend theyve been in talks with government about administration or bailout as its been discovered the £100m pledged isnt going to be enough as losses are higher than expected.
Britain’s biggest regional airline, Flybe, is reported to be on the brink of collapse. The carrier is in last-ditch negotiations to secure additional funding, according to Sky News. The broadcaster reported the airline was “locked in survival talks” to try to secure additional funding – and that the accountancy firm EY is on standby to handle the possible administration of the Flybe Group.
Totally, I won't be booking my March break with them now. Thousands of others will do the same. Now if there was a complete money-back insurance per ticket (maybe a fiver) on flights under £100 then OK - I would do that. But all we have is chargeback for credit cards over £100; and huge premiums for insurance and for day-trips they don't want to know.I agree sadly that these reports normally start the spiral to the end.
the uncertainty will stop people booking.
I'm moving to the Isle of Man in three weeks and I'll admit I'm worried. In the short term I'll book with EasyJet to Liverpool instead of Flybe to Manchester, but if Flybe fail the island will be cut off
Yes. Logan air used (maybe still do) operate flights for Flybe.Flight Airport Scheduled Time Flight Status (From IOM)
Today Mon 1229
EZY854 Gatwick 09:55 Delayed overnight
BA3285 London City 13:15 Cancelled
BE605 Liverpool 16:10
BE816 Manchester 16:10 Cancelled
BA3287 London City 17:10
EI3217 Dublin 17:35
LM314 Edinburgh 17:55
BE820 Manchester 18:45
EY7031 Manchester 18:45
EK4190 Manchester 18:45
BE609 Liverpool 19:05
IOMPOST East Midlands 20:35
Aer Lingus, FlyBe*, British Airways, Easyjet, Loganair* four airlines to GB and one to RoI so there are alternatives
* are Loganair and FlyBE closetly related (anyone??)
Er, how? Are Sleasy stopping the route?
I imagine they will reconsider if Flymaybe do fold.
I know someone that used to fly on business from Edinburgh. More then 3 people travelling at once it was cheaper to charter a flight.If there is money in it someone will take up the IoM slots pronto.
Lots of rich folk there, and lots of financial services - there must be a good proportion of late full fare bookings.
Flight Airport Scheduled Time Flight Status (From IOM)
Today Mon 1229
EZY854 Gatwick 09:55 Delayed overnight
BA3285 London City 13:15 Cancelled
BE605 Liverpool 16:10
BE816 Manchester 16:10 Cancelled
BA3287 London City 17:10
EI3217 Dublin 17:35
LM314 Edinburgh 17:55
BE820 Manchester 18:45
EY7031 Manchester 18:45
EK4190 Manchester 18:45
BE609 Liverpool 19:05
IOMPOST East Midlands 20:35
Aer Lingus, FlyBe*, British Airways, Easyjet, Loganair* four airlines to GB and one to RoI so there are alternatives
* are Loganair and FlyBE closetly related (anyone??)
Er, how? Are Sleasy stopping the route?
I imagine they will reconsider if Flymaybe do fold.
I'm booked on a Flybe service - Groningen to Southend - in March, which is shown on my booking as operated by Stobart Air. Is this just a code share like the bigger airlines operate, or is it a different arrangement? And in any case, if Flybe go bust between now and then, what's my position regarding this flight? If it still flies, does my Flybe booking get me on to it? If not then I can afford the ~£30 that I paid for the ticket, but I'm wondering if it's best to start looking at arranging an alternative sooner rather than later?
One problem with this report is that they are now more likely to collapse because people will hold off on bookings and their cashflow will near stop (it's usually a lack of ready cash[1] that kills businesses, not profitability - I never really understood this until I did an accountancy module at the OU - business accounting is nothing like the way we run our personal accounts or how charity accounts run which I was previously familiar with). I suspect this means they are unlikely to survive without a bailout.
[1] Bank balance rather than actual notes, but this term is used to distinguish from notional value in assets which does exist but can't easily be converted to money in the bank. For instance you might own a £30K car but if you need £10K today and can't borrow it you are near-stuck.
As we are still subject to EU law how will that fly with state aid rules?
I assume the change in the rules so insolvent airlines can keep flying hasn’t happened yet?
Could the government nationalise it as a prepack out of admin so there can be an orderly sell off of the routes etc? It worked for the banks but not sure the lessors of the planes would play ball.....
They said they would introduce some rules like that after Thomas Cook - basically some measure to keep the flights going for a couple of weeks so nearly everyone could get home without the government having to spend big money chartering rescue flights while the bankrupt ones just sit on the tarmac somewhere. I don't know if anything was actually done.I wasn’t suggesting bailing out the company, I was pondering whether there was a way for the government to keep them flying whilst performing an orderly transfer of the routes
I think they have been pre-occupied with other things. In any case, such schemes take years to get going.They said they would introduce some rules like that after Thomas Cook - basically some measure to keep the flights going for a couple of weeks so nearly everyone could get home without the government having to spend big money chartering rescue flights while the bankrupt ones just sit on the tarmac somewhere. I don't know if anything was actually done.
Which government are you talking about? The IoM isn't in the EU (see how much you get charged to use your mobile phone on the island).As we are still subject to EU law how will that fly with state aid rules?
I assume the change in the rules so insolvent airlines can keep flying hasn’t happened yet?
Could the government nationalise it as a prepack out of admin so there can be an orderly sell off of the routes etc? It worked for the banks but not sure the lessors of the planes would play ball.....
The Manx government supported the Steam Packet to ensure they kept going. However, I can't see the Manx government rescuing Flybe in order to save just the Manx routes.