[capetonianm]

Here we go again ………..

https://www.telegraph.co.uk/business/2020/02/08/flybe-low-cash-government-loan-decision-looms/

Flybe low on cash as Government loan decision looms

Experts have raised questions over the airline’s long-term viability as the Government mulls a lifesaving loan

Flybe only has enough cash to get through to the end of the month, as the troubled airline scrambles to secure a £100m lifeline from taxpayers.

As delicate negotiations between airline executives and Whitehall officials continued this weekend, The Sunday Telegraph has learnt that Flybe’s shareholders have signalled they are prepared to fund the business if it fails to secure a Government loan before it runs out of cash.

Accountancy firm EY has been lined up as administrator, having prepared plans to minimise disruption caused by a potential failure of the Exeter-based carrier, industry sources said.

[AMcWhirter]

So much for regional connectivity. This route from and to LCY is already served by Luxair.

https://www.routesonline.com/news/38/airlineroute/289407/flybe-adds-london-luxembourg-route-from-late-march-2020/

[capetonianm]

According to this evening’s news, and as predicted by many it seems that the inevitable crisis has come round again. It looks very much as if Flybe’s last flight will be within the next 24 hours.

Unfortunately rearranging the deck chairs on the Titanic was not going to stop it from sinking.

1 user thanked author for this post.

flyingdutchman1

[transtraxman]

According to the route map into Manchester illustrated in this article there are pickings to be made over the carcass of Flybe ……

Flybe Could Collapse In Days As £100m Loan Looks Unlikely

…(Simple Flying 4-3-20)

so it seems to be likely that waiting for the collapse of the airline would be more profitable for the new VIRGIN CONNECT to pick up the pieces rather than help the airline out of its predicament. So cynical!!

1 user thanked author for this post.

flyingdutchman1

[transtraxman]

What I meant to say is that the manouver would help VIRGIN ATLANTIC´s base in Manchester. It would be less so in Heathrow and Gatwick but still substantial.

[Johnnyg]

Just ceased operations at Man, people at gate, just about to board, staff the denied them, aircraft removed to remote stands, sad times.

[GrahamC]

EY staff on their way to assorted UK airports now apparently.

[Johnnyg]

Aircraft at GLA have had seizure notices put on them with ops vehicles blocking them from movement

[capetonianm]

[quote quote=992511]capetonianm
Participant

This reply has been reported for inappropriate content.

According to this evening’s news, and as predicted by many it seems that the inevitable crisis has come round again. It looks very much as if Flybe’s last flight will be within the next 24 hours.[/quote]
Somebody on this site needs to seriously grow up, or grow a pair of small spherical objects.

9 users thanked author for this post.

flyingdutchman1, ASK1945, traveldoc1, SimonS1, alainboy56, Montysaurus, Cedric_Statherby, Swissdiver, PatJordan

[TominScotland]

Sad day, indeed. And devastating for employees and their communities alike – a look at the online Departures board for Exeter or Southampton is sad reading. Hopefully other operators will step in soon.

I have a flight booked in a couple of weeks and found this information on Chargeback useful

https://www.moneysavingexpert.com/shopping/visa-mastercard-chargeback/#howitworks

I have just triggered this with my bank. Handled and submitted there and then on the phone. Should hear within 14 working days.

[openfly]

sooo sad…the employees have tried so hard to keep it going!

[Slayeronwings]

Wherever Mr Anderson goes things turn bad. They are using the virus as a scapegoat when in fact people were just not making enough bookings. Should Mr Anderson work in a Charity shop from now on? Wouldn’t like to see more people lose their jobs at his next appointment.

1 user thanked author for this post.

capetonianm

[AMcWhirter]

FT published a piece this morning

https://www.ft.com/content/6c37bb36-5df8-11ea-b0ab-339c2307bcd4?desktop=true&segmentId=d8d3e364-5197-20eb-17cf-2437841d178a

and Evening Standard this afternoon

https://www.standard.co.uk/news/transport/flybe-trouble-loan-rejected-coronavirus-flights-a4378556.html

[MarcusGB]

BBC Radio 4, has reported this morning that FlyBe has gone into Administration.
No flights, do not go to an airport unless you have made alternative arrangements with other Airlines.

Indeed, let us hope that other Airlines do step in, but these days what will be taken will be profitable. We do need some sense of The National Community here, and it is Government’s role to maintain essential links domestically of transportation. Scotland and smaller airports all around the UK, can be reached in a 1 hr flight, and may prove 6+ hrs by train, or completely impossible with islands, or say Inverness to Newquay.
Other Airlines such as KLM could step in and start to take people to their own network in Amsterdam for International travel, as they clearly do from many airports already, many of which have 4-10 flights a day!

2 users thanked author for this post.

flyingdutchman1, capetonianm

[capetonianm]

This became a self-fulfilling prophecy a few weeks ago when they hit the last crisis. People lose confidence, forward bookings and cash flow drop, and it’s a downward spiral. Many stopped using Flybe years ago when their service and reliability levels fell to way below what was acceptable.

Coronavirus was the final straw, it was not the reason for the demises of Flybe.

Sad for the staff who will lose their jobs (some of whom should never have had customer facing jobs in the first place) and passengers and communities who will be inconvenienced, but nature abhors a vacuum and others will step in to operate many of the routes. As for the vital air service routes they operated, tenders will have to be put out by regional authorities to operate subsidised services.

[Author]

Posts