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FLYBE should be held to account under there listing in London, The FCA should now take action on the sale of slots to Veuling Airways part of IAG group, when this deal was completed two weeks ago and not disclosed.
$4 million plus for a pair of slots at Gatwick , just shows the value of slots, but Branbson and Padyy airlines Stobart have attempted to shaft shareholders, and there will be over 500 job losses at Exeter.
To wake up the FCA and MP's to what COW the Board, Branson and Stobart are upto witha rougue hedge fund.
I don't wish anyone to lose there jobs, but if shareholders who have funded this company are treated this way, then if ewmployees lose jobs so bie it, its time that Burk Bradshaw MP sat up and took notice of corrupt practice that is going on in Exeter
Exeter job fears in £2.2million Flybe takeover
Business leader warns that hundreds of jobs could go in the purchase of Exeter's Flybe
https://www.devonlive.com/news/exeter-job-fears-22million-flybe-2418755
So COW and the board were aware of material changes that effected the company at least a week before Christmas, but choose to withold information form the public shareholders to suit FLYB board agenda and that of the rogues ? below
Connect airways formed by Stobart DPL and Cyrus hedge fund
Farrel part of Uch Ziff, who were finmed $412 million by US FCPA
https://beta.companieshouse.gov.uk/company/11732177
Seem like Lucien Farrel as a reputation for shady dealings?
http://cmfn-inc.com/our-team/
All very reminscent of the OFFSHORE COMPANY BEHIND the demise of Monarch Airlines, who were asset stripped by hedge funds, who owners are based in the UK Pardise islands.
So COW and the board were aware of material changes that effected the company at least a week before Christmas, but choose to withold information form the public shareholders to suit FLYB board agenda and that of the rogues ? below
Connect airways formed by Stobart DPL and Cyrus hedge fund
https://beta.companieshouse.gov.uk/company/11732177
Seem like Lucien Farrle as a reputation for shady dealings
http://cmfn-inc.com/our-team/
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Apoligies if this as been covered before, but its highly unlikely IAG will bid for Flybe , if there subisdary Vueling Airlines S.A.have paid out 2 times more than Flybe is being sold for, just to get a pair of slots at Gatwick.as below from the RNS. Flybe will shed over 1000 jobs in exeter in the next 3 months garunteed
Flybe Group plc announces that today Flybe Limited, a wholly-owned subsidiary, signed an agreement with Vueling Airlines S.A. (the "Agreement") to receive a total of £4,500,000 (four-and-a-half-million pounds) in respect of slots at London Gatwick Airport. The funds will be paid in two tranches, being receivable in the next few days in respect of slots to be used during the Summer Season in 2019 and for subsequent Summer Seasons. The remainder is due in June 2019 in respect of slots to be used during the Winter Season in 2019/20 and subsequent Winter Seasons.
Any class action brought by shareholders, would holt any takeover attempt and mean FLYB will have to spend to defend it, and the current board will be found negligent based on its refusla to accept a offer ,last spring and work with Stobart to asset strip the company from shareholders.
If the major institutional holders dont act, then you can be certai n they have aken a BUNG and have undisclosed and hidden interests in the new set up proposed
threeputt.
Once a company is listed , its ownership belongs to shareholders, not employees or Directors.
1P ofer , could well mean legal action against the company who declined a offer 39 higher last spring, and that offer came for none other than shady stobart, who directors are in an out of court , often.
COW and her dirertors are liable to legal action , as shreholders are the owners , not any employee or such.
I am quiet prepared to lose all, other wise I would not have invested, but I am not prepared to sit back and watch this game of asset stripping to another company for pure profit go on. COW and her directors are trying to do trhis while the UK Gov as its eyes on Brexit and COW and the board just hope to get it through , saying it will save jobs.
Shareholders can and are taking action to remove COW and the board
https://twitter.com/crystalamberrb1?lang=en
threeput, what BS .
The idea is to scare shareholders to sell so the unethical buyers can acquire the shares cheap and assets for nothing.
Nickle Investor referred to https://twitter.com/crystalamberrb1?lang=en
https://www.newsandstar.co.uk/news/business/16743179.stobart-group-withdraws-offer-for-airline-flybe/
The firm said a number of potential structures have been considered, including taking a non-controlling interest in a vehicle to acquire 100 per cent of Flybe in cash.
In an announcement to the London Stock Exchange this morning, Stobart Group said the firms had been unable to reach satisfactory terms.
A statement from Stobart Group said: "The board has determined that it is not in its shareholders' best interests to increase its latest proposal for Flybe above the level which was rejected by the board of Flybe.
"Given this, Stobart Group confirms that it does not intend to make an offer for Flybe."
Last month, speculation was mounting that a deal would be agreed between the Carlisle Airport owner and the airline.
Stobart Group will offer the first commercial passenger flights from and to Carlisle airport from June with Loganair.
Flybe's shares have climbed as speculation that an agreement between the two firms had been reached has mounted.
At the time, Stobart Group said it and Flybe had a range of shared interests arising from Stobart Group's ownership of London Southend Airport and its aircraft leasing company and the growing franchise arrangements between the two groups' airlines.
It added: "As previously disclosed in October 2017, we have been reviewing alternative structures for our airline and leasing business that can play an important part in the consolidation of the regional airline sector."
That is BS Philpc240.
Shareholders own the company,, as to employee's Pension benefits, they are deemed to be secure and not part of the company debt or profit.
Sounds about right when Cyrus are involved a double agent of Goldman Sachs.
Its how many people they can scare into selling at the current price to force a deal through.
The bvoard dont have the shareholders on board to get this through, but could do if people sell at this price, , if you going to lose, then what is the difference between 1 p and 3 p. nothing.
Suspect if lawyers are right they have been engaged already to take this out of Flybe hands and can tie it up in court for a long time
Stobarts have a bad record on transportation and if R Branson asd fell in with the wrong crowd again, then I doubt it will benefit him or Virgin.
daytn.
Trump causing doom and gloom, and greenspan saying market will crash next year, is all traders need to drop prices and scare folks.
USA problems are not in europe yet and it could be Trump and his stupidity wont last the next 6 months with luck.
Sure EZJ, RYA, FLYB will do well in the new year..
Seems like its well under way
https://mediacentre.easyjet.com/story/3849/easyjet-europe-now-operational-after-award-of-austrian-aoc-and-licence
Vienna, 20 July 2017
- New airline “easyJet Europe” now operational
- First Austrian-registered aircraft flying from Luton to Vienna this morning
- Thomas Haagensen appointed Managing Director of easyJet Europe
- Remaining EU27 based aircraft to be re-registered by March 2019
easyJet can confirm that it has been awarded an Air Operator Certificate (AOC) by Austro Control and an airline operating licence by Austria's Federal Ministry for Transport, Innovation and Technology (bmvit) which means that easyJet Europe is now operational.
Propius Holdings Limited, though its subsidiary, leases aircrafts. The company is based in Cayman Islands. Propius Holdings Limited operates as a subsidiary of Stobart Holdings Ltd.
Wonder what assets they hold Flybe as legal charges
Qatar own 21.5 %, of IAG shares, odd that Diry money buys european companys
Skier your comments are so ignorant. What percentage of Shares does Qatar own in IAG, what is IAG holding in Norwegian Air?
Currently in play id probe into BA and Finniar price fixing.
As to propping up small UK airlines, are you for real , the Government has been paying Farmers £billlion each year to grow nothing in fields, and they dont serve the Public needs.
Suggest you get innthe real world and wake up to the fact that company like FLYBE are needed
investors 55.
The EU are not responsible for anything, the UK decided to leave. No deal or a deal, the UK idug this hole, now the UK is stting in it and its look like a cesspit of Moggs and Hi9s mates who are just in parliament for making sure they cant stich up everyone they want.
Woodstock, you would be well advised to look at What Mogg actuallu does with his offshore hedge funds, how many does he have interests in? Any have bases in dublin, or Singapour, Cayman Islands , Name 5 , and then ask how he can be primeminister? You actaully think Mgoo is going to give up £ millions per year, he is only in Parliament to help hedge funds shape uk law to suit his self and his croonie mates
claretjy, get a American adavatge card, it builds poiints and allows credit cards use that gain pints. Even just take 4 return flights from UK to Dallas, or Miami qualifys you for a return flight from the Uk to the US and that includes Hawaii, they codeshare with Oneworld partners, and the miles awarded are the same plus
https://www.aa.com/i18n/aadvantage-program/aadvantage-program.jsp
http://www.travelweekly.co.uk/articles/318703/easyjet-seeks-confirmation-of-flying-rights