Member Info for Stationhouse

Still talking utter sh*te you sad little man.....wrong again, why not try bingo and leave the stock market to the grown ups.....

“No chance of a government bailout. The world will survive without Flymaybenot, its niche routes will be long gone and the competition will mop up the rest. No body in their right mind would still be sat at HQ just waiting for this one to fold, 2000 peeps will soon be looking for jobs elsewhere, but it can come to no surprise to any of them.

The letter today from the man at the job was laughable, hes as delusional as the rest of them!“

BBC News Channel

Pokerchips That was probably the most profound and sensible post I’ve seen on this board in the last 3 years. Well said sir.

before the dawn, however, as a Flybe shareholder and a Brexiteer this is feeling like a pretty bad week. GLA

Why do you think the BOD would accept such a low (to be fair both rumoured and opening) offer? Makes no sense to me

N0bby Surely Citijet would be an obvious partner for any alliance at Dublin? Why buy when you can ACMI?

This forum is sometimes like a dodgy pub on a Friday night when a fight breaks out for no reason. The issue of engineers was discussed last week. Please take the time and trouble to catch up before you make inane comments. To recap: Flybe needs daily contact with engineers to service and repair the aircraft. No engineers = no flying = bankruptcy. Therefore Flybe had no choice but to employ them directly or through another contractor. It was an operational decision. Even if the company only had 2 months to live it would still have needed to employ or otherwise engage engineers. There maybe experts on business contributing to this forum but quite a few have little understanding of aircraft, aviation or Flybe. The issues with MAEL goes back quite a while and came to a head more recently. The Flybe team have done well to manage a potentially catastrophic scenario but it signals nothing more than a disaster averted, not aa some are suggesting a step up the ladder of success.

I agree, the chance of bankruptcy is low to very low when you consider debt, assets, etc. It would provide a great feeder service to Virgin (flights and cruises), KLM, AF & Delta so all they have to do is agree a price. I too agree that the longer the leave it the Q3 results particularly considering the mild winter, limited effect of POO, good loads and an additional income stream from finally enforcing their baggage policy (which is likely to add millions to the bottom line) all add up to a great outlook. I’m firmly on the fence as to whether a Virgin offer or continuing alone would be the best result for shareholders. I have grave reservations about an IAG/Stobart deal. Overall, I think those who hold will make the best gains even after any offer. As the ‘Cat in the Hat’ said, “if Flybe didn’t exist then someone would be doing the same thing in a different name”. I wonder how Saad is doing these days? You don’t think maybe that he’s was Sam all along??????

Mayfield Thanks for the lease info, much better than I understood. That’s food for thought.

flyover 2011 The belief if that CityFlyer has been ready for expansion for a while but it lacks the key slots and routes, maybe Flybe is the answer to that problem. The issue anyone taking over Flybe would have is the huge book of aircraft leases. To downsize would mean having to restructure lease arrangements which could be cost prohibitive. I’d guess/hope that if it was that easy Flybe would have done it already, particularly the E175/195 fleet which has never been a great commercial success. I’m told the E195 loses money almost every time it flies.

I agree Profit Plus been a mild winter to date so not much spent on de-icer fluid and delays due to snow which hammers the bottom line at this time. Add a bit of KPMG advice and direction and Flybe might get strong enough to go it alone......

Given MAEL employed the Dash engineers, which I assume worked almost exclusively on Flybe aircraft, it seems entirely logical that the “troubled” airline would take on the engineers otherwise how would they get the servicing done on their aircraft? I assume the Embraer engineers could go elsewhere. Can’t see why this is reported in a seemingly negative way, Greybull has been bailing out the sinking ship for a long time now and the bucket was never big enough nor the boys up to the job.

Mayfield Thanks for those thoughts and opinion. In essence I think we are saying the same thing that IAG would have a business case for purchasing Flybe despite the issues discussed but I can understand why some Flybe employees are concerned about a break-up of the business. If you’re right, then the slots currently operated on the Dash 8 would go to the Embraers. I suspect this is why pilots and cabin crew see an IAG buyout as the least favourable option. My concern as an investor is that an airline with no crews is a collection of aircraft on the ground losing money at an alarming rate eg Emirates. Uncertainty will increase resignations which will put the company in a downward spiral. Keeping investors and employees informed will in my opinion help mitigate this risk.

Claretjay FFS read the bloody post! I’m not saying Embraers don’t operate from LCY clearly they do but not the version Flybe lease. Now please let’s stop the discussion it’s just wasting people’s time and worse it’s misinformation for those trying to learn and make an informed investment decision which is surely why we’re all here (obvious exceptions apart).

Kamilgazela Agreed.

JH77 At the risk of boring everyone can I just make the point that you are talking about different aircraft hence why they have different numbers and, whilst we’re on the subject, the letters which come afterwards define yet more differences. Challenging airfields such as London City requires aircraft to be certified as suitable to operate there before they’re given slots. Each individual type has to be certified, this can be done individually or as a group depending on the extent of the differences; the E170/190 are different enough to not share a common certification. So, in reference to my original comment vis a vis an IAG/Cityflyer business case, the Flybe Embraers could not currently be used for network operations into LCY which reduces the synergy which combined with the potential CC issues ref slots must surely make an IAG bid less likely to be a positive proposition for the Flybe employees. Naturally for most investors the concern is likely to be skewed more to the sale price rather than what happens to the employees. I would also suggest that the BA website is not necessarily the best place to do research on Flybe and its Embraers.

Ref. Flybe 175/195 Mayfield you’re correct JH77 you’re mistaken

Mitch984 Sorry for slow response. IAG is not considered a good fit, most would expect them to break up Flybe. Main reasons: Embraers 175/195 can’t get into City. LHR slots would attract competition commissions interest and investigation could take years. City Flyer needs slots to expand so would take best ones and dump the rest along with the Dash. It’s anyone’s guess of course but nobody seems to want an IAG takeover as they believe it will be the end of Flybe as it now stands.

JH77 Sorry I meant to say I believe that the Sukhoi hasn’t got approval for London City operations and is unlikely to in the near future. It’s a special operation there and not everyone gets invited!

They’ve been having serviceability issues since it arrived and the Brussels contract has been an issue as a result (it’s not being renewed in April which may be good news for Flybe). The aircraft has some very good systems but they struggle to integrate with each other so when one bit breaks the aircraft is often grounded. I’m told It looks good but needs work still before it’s ever going to be acceptable in a demanding regional role. The take up of the Sukhoi has been poor as a result.