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Flybe nosedives on profits warning


Andy Onchan
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Just now, mojomonkey said:

Sad that they have finally gone but its been coming for years. As far as I am aware the problems stem from an ill conceived expansion plan that saw them purchasing too many planes, they were then left flying too many unviable routes.

Jim French was the original instigator of that "ill conceived expansion".

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1 minute ago, Holte End said:

Where are DfE, Mr Skelly and his members and agencies with this business.

Where is Tim Baker head of the Airport.

The only people who didn't see this coming is these clowns.

Well to be fair FlyBe had said only a day or two ago that they had enough money to last until the end of March.

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There will be a new airline in a couple of weeks, same aircraft, mostly same crew, roughly same ownership, less routes, liabilities dropped etc. Usual bollocks, people like dilligaf get screwed, probably some contractors/suppliers too. 

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17 minutes ago, TheTeapot said:

There will be a new airline in a couple of weeks, same aircraft, mostly same crew, roughly same ownership, less routes, liabilities dropped etc. Usual bollocks, people like dilligaf get screwed, probably some contractors/suppliers too. 

Yes, there's a strong likelihood that this will be a 'pre-pack administration' with the profitable bits sold on to a new company, very quickly. We'll see......

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37 minutes ago, Cypman said:

No comment yet from IOM Government or the airport.  Were they aware ?.

Only just getting in to work, kettle's not boiled yet...

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Let's see if lessons have been learnt after the Euromanx collapse.

i.e. Are there flybe planes arrested at the airport to secure all landing fees due, or have they all flown off, like the Euromanx planes did, leaving IOM taxpayer losing out...

 

 

 

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