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It was because of severe fog in CDG. The Embraer are Cat2 approach so they need to see the ground from a higher altitude. The other flights were probably Airbus/Boeing or such like that are Cat3 and so can land with less visibility. Safety first :-)
This was posted earlier by someone else as well and I commented what a great observation it was - unsurprising lost in the noise.. It really does make this very interesting. Virgin could offer £100m and recoup that capital from the sale of slots!!!! Ears pricked and eyebrows raised by BA/IAG and this announcement. 50p plus I think the offer will be, I envisage holding until then. Let’s wait and see if the other interested parties come out and declare an interest....
They can stop shorting of banks I believe.
Most of the muppets on here aren't "really" shorting, they are opening short side spreadbets. This is totally different. They are not borrowing anyones stock, they are simply BETTING on the share price going down. Stupid IMO and when you add in plenty of leverage and lack of basic research (which has been exposed in here) then it is a recipe for financial disaster. Good as far as i am concerned, they have been trying to con people into selling by attacking this BB with no regard for others.
This is a great observation “”by for example swopping them for existing AF LHR slots which are used to fly to CDG and selling those unconstrained former AF slots to Delta or someone else for long haul operation for a really large sum of money.” They will recoup capital expenditure almost instantly, maybe even make a little profit by doing this!!!!
POST THREE:
Thanks for that ExtC (shame i had to read through another 200 posts of nothing to find it)
So, "The airline has nine slot pairs at London Heathrow and in the summer uses them to offer a daily return service from Zagreb and weekly flights from Rijeka and Split. In the winter the slots are used solely from and to Zagreb."
-------So definitively, 9 slot pairs is literally 9 flights in and 9 flights out a week-------
Also, "As the timetable information, above, from OAG Schedules Analyser shows, Croatia Airlines is selling four 10am arrival and 10:50pm departure slots (Tuesday, Thursday, Saturday and Sunday) and one 11am arrival 11:50am departure slot (Wednesday)." --------These slots have the average value of $3.9m (£3m)-------
From my research the other day Flybe average around 6/7 flights a DAY - so lets call it 40 flights a WEEK (so 40 slot pairs).
Some of those were early morning which we know from the OmanAir sale are the most valuable. Some are midday so can be valued as above. Some are evening so lets assume they are the least valuable because of time restrictions etc.
I will estimate/guess that a fair average would be £3m (to fair???) so 40 slot pairs at £3m is £120m... not bad.
Additionally, I noted these croatia slots were sold to Delta for transatlantic flights..
Because the BB has sadly been trashed by various IDs a lot of the good research has been missed.
POST ONE:
https://www.telegraph.co.uk/finance/newsbysector/transport/10075367/Flybe-sells-Gatwick-slots-to-easyJet-for-20m.html
25 slots were sold for £20m. So pro rata 6 slots is £4.8m. BUT that was Gatwick and that was 2013.
https://www.businesstraveller.com/business-travel/2017/03/30/sas-sells-heathrow-slots-75-million/
2 slots at $75m (£58m) also sold a single slot for $60m in 2015!!!!
https://www.routesonline.com/news/29/breaking-news/270502/flybe-gains-access-to-heathrow-with-scotland-remedy-slots/
Flybe will have 45 flights a week (25 EDI and 20 ABZ) The SAS article "states SAS has the sixth largest number of Heathrow slots. Its current tally of 19 slots will, after this particular pair of slots are transferred, therefore be reduced to 17 (slot) pairs." So my assumption is that the slots are daily slots? Flybe have 45 flights, so 6/7 a day?
Lets say each slot is worth £30m (they are daytime slots) 7 slots are therefore worth circa £180m???
Looks like i was totally wrong!!!!
Thoughts??
POST TWO:
So. Different times different days but overall 0845, 0945,1120, 1450, 1805, 1820, 2020, 2045.
However from the SAS article "Last year Kenya Airways sold its one and only Heathrow slot to Oman Air for no less than US$75 million. Oman Air now uses the slot for its overnight Muscat-London service which arrives early the following morning – a peak time for long-haul arrivals at Heathrow which explains the hefty fee Oman Air was prepared to pay.
NOTE: "overnight Muscat-London service which arrives early the following morning" which would mean according to Oman website is the 0555 ARR and then the 0825 DEP.
The flights at the top are DEP. The arrival times of the Flybe slots include 0620, 0705 and 0855.
Average value is still going to be good if the 0555 is worth $75m / £58m.
For balance the turnaround times for long haul stuff is obvious going to be a lot different so not sure how that would work.
It does show however the LHR slots are worth more than what some (myself included) have attributed.
Well done Oil.
As I previously posted Stobart and BA/IAG will be the other parties interested. This has major significance for BA IMO if Virgin and its partners take over, so they will be all over this.
For that reason this could easily end in a bidding war and i envisage around 50p+
It was in the RNS!!!!!!
The Board of Flybe Group plc ("Flybe" or the "Company") notes the recent media speculation and confirms that Virgin Atlantic Airways Limited ("Virgin Atlantic") is one of the parties it is in discussions with as part of the formal sale process announced on 14 November 2018.
Shorts are at just 1% according to https://shorttracker.co.uk/company/GB00B4QMVR10/ Where are you looking Austin??? Volume is over 40m already!!!!!
Don’t respond to this clown. It just clogs up the board - which is why they do it’s just like the other muppets which have mysteriously disappeared. Just report every post they make, the posts will be removed and the account blocked.
Looks like we have another poster in panic mode that doesn’t know what he/she is talking about. StobartAir don’t own any E175s.
The fact that you think a buyout will occur at those ranges shows how wrong you have got this. Serious question, what research have you done? What price have the BoD bought shares at? What price have the major shareholder bought at? In the trading update how many months cash/working capital did they SAY they had? How much are the LHR slots potentially worth? What yearly savings will the fleet reductions and in particular the E195 handbacks provide? Why do you think standard life Aberdeen have bought and extra £350k worth? What leverage have you opened you spreadbet at and at what price...???? Good luck, think you’ll need it.
Shorts ARE closing. As in genuine shorts where the stock has been borrowed. Idiotic spreadbets are a different thing, why people do this is simply down to greed. Over leveraging themselves particularly on companies they don’t fully understand - as has been shown by several of the posts on here - is a recipe for disaster!!!
Standard life have just bought £350ks worth. Think about that. Relax.
It doesn't remotely surprise me that smithy is trying desperately to spin this as a negative. You had your chance to close your dumb spreadbet last week..
BoD have a plan and it is being executed. If potential suitors don't offer a fair price/deal then it will be turned down and that is exactly what these deals are showing.
Don't diss the dash JJ. Queen of the skies ;-)
Manufacturer Serial Number (MSN): 4093
Aircraft Type: De Havilland Canada DHC-8-400
Age: 14.8 Years
Looks a good price to me. DW must be one of the oldest in the fleet as well.
27 or 28 owned. If so much nonsense wasn’t written on here it would be easier for you to find.. It will be in my posting history tho..
Have a day off. Of cause they can’t GAURANTEE a mining permit. But perhaps do some genuine research into the area, Botswana government, look into some of the miners, LinkedIn, and various other sources before scaremongering.
Fortunately I only had £350 worth so no biggy. Was a very good lesson on risk tho!!!! I am now, on paper, a little down here after many years of holding. I am still very comfortable with the risk of being a shareholder of both MTR and MOD. I have absolutely no fear of this ending up like a TRP or GGP. ATB.