Flybe could lease some of their excess planes to Stobart, in the short term at least - they seem to be looking for 4 aircraft to cover the 18 routes. This could also explain the delays in publishing the summer schedule.
I wonder if Laffin as acting CEO considered Stobart as a takeover target initially before the 2 companies settling on this agreement?
Stock appears to have completely fallen off the radar for investors...last week or so trading volumes have been extremely low. Perhaps awaiting the new CEO appointment?
On a positive note...last flight from BHD to LCY had to be cancelled last night owing to fog at LCY, but Flybe staff were hugely proactive in getting passengers redirected via Birmingham with coach connections on arrival. Hats off to them at BHD.
Interesting development, indeed. Looks like that Stobart has negotiated simultaneously with Flybe. Quite embarrassing for Cityjet, in particular given that their route cancellations from LCY were linked to a redeployment of aircraft to Southend.
What I don't get is what aircraft Stobart will deploy from Southend. Could be still that we are going to see the superjets there.
after all! Stobart the holding company announced today that instead of selling the airline it was going to buy in the minority shareholders of both the aircraft leasing company and Stobart Air. And then said that Stobart Air will launch 18 new routes from Southend airport for S17 under their existing Flybe franchise. Probably good news for Flybe from increased franchise revenue, but apart from brand exposure I can't see a material impact on profitability.
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