Member Info for Garydav2

Good luck Woodstock same here mate

No not sold it BTFATH just ****ed off think I need to switch off...

I can't see the bid if it arrives being much above where we are??

I wonder what new low we will achieve today : (

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Thanks Scully that's a good article in the mail and clearly states the funds what the funds will be used for. No doubt this will help them

Scully it's not equity. It's a sale and lease back. Will help them in the short term only. I know you have passion mate for your investments but you need to keep it real.....

Very well spoken Toastal. I think we are on a knife edge too. If we can hold anywhere around 10-11p today then that'll be a positive

Theyve only got one to sell.....

Losing Flybe from Cardiff Airport would be "catastrophic", it is claimed, with ministers urged to safeguard routes. The airport's former head of marketing Peter Phillips said the airline's 14 destinations were "crucial" to passenger growth. With the loss-making Flybe up for sale , Mr Phillips urged the Welsh Government - which owns Cardiff Airport - to offer guarantees to a buyer.

Greendave read my Investor presentation post mate. That explains the position on the aircraft. Im afraid they are not all there to lease back.....

Good point on the 'net proceeds though. We won't know as PI'S but the City will and we will soon found out with our SP tomorrow. Can't cope with another drift down!!

Im not sure if it was owned or mortgaged Seaside. The Hangar was built in 2004 so some 14 years ago. Back then it was the Walker family and Jersey European.

Ian Milne Okay. So in answer to the first question, we have 27 owned aircraft, out of all of our fleet. All of those are backed by borrowings, to a large extent. There's one unencumbered aircraft at the moment out of that 27. There is headroom between the outstanding debt on the aircraft and the market value of the aircraft. So if you wanted to do something on those aircraft in terms of cash creation we could do that. In terms of other assets, we have a number of properties, for example, that we own that we could use as, potentially if you wanted to put cash through that, that mechanism. So, there's a variety of assets across the business, where we see opportunity if we wish to release cash from those through that mechanism. In terms of the number of lessors, clearly, it's a different market to the jet market with 320s and 737s. Principally, it's about 5 or 6 that we mainly deal with, and then we have current contracts with or - we negotiate with going forward on those 30-plus aircraft that are coming up on the Q400 over the next 2 to 3 years. So it's quite a mixture.

Are we all getting a bit carried away here? It's like some folk think we have sold for £5M in the bank. We do have to pay it back albeit over 10 years. I think it's the right thing to do and as one poster said very common for company's but let's get it into perspective. Will help with the immediate credit issues and the winter to come.

97000 shares at 14.97 average

I said that if you read my earlier post. I did work on the management of the Build. Hangar 2 is twice the size with offices .....

Could someone cut and paste the article? I could only read the sensationalist headline

Floundering Flybe flogs headquarters to raise £5m. Article just out. Can only read the 1st few lines as not a subscriber. Doesn't the headline say it all? They wrote the Negative one yesterday too about credit issues. Is the factual reporting? Feels like they have an agenda?

Interesting RNS. Will certainly help with working capital which is what is required. Seems a good idea. I was actually on the team who built this Hangar in 2004. They've achieved a good price. Just so you all know They have a larger Hangar 2 built a year or so later that I also worked on. Plus other Projects I wasn't on such as the Flight school.