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Flybe nosedives on profits warning


Andy Onchan

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On 2/8/2019 at 10:51 AM, John Wright said:

Which is the point I was making. There hasn’t been a change.

At least EZY stick to standard size, same as BA.

Wizz however do 55 x 40 x 23 but they allow 32kg hold baggage instead of 15kg or 23kg.

The ATR aircraft have a funny shaped overhead locker.

if they go back to the Q400 it might change.

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On the topic of Flybe being wound up if the shareholders don’t vote for the deal, this relates to only to Flybe PLC which is the holding company. The other two elements of the group are Flybe.com and Flybe Ltd.

The operational assets of the Flybe are contained in Flybe.com and Flybe Ltd and are due to be transferred to the buyer, Connect Airways on 22nd Feb 2019 without the need for a shareholder’s vote. Flybe PLC will have no assets other than the funds from the sale after this date, and it is the offer if 1p per share in Flybe PLC that the shareholders are voting on. If they vote no to that offer, then it is Flybe PLC that the board are suggesting they will close.

In short, the closure of Flybe PLC will not affect Flybe Ltd or Flybe.com, and will therefore not affect the day to day operation of the airline.

This distinction has not been made totally clear,  which is probably why certain news outlets have got the implications of Flybe PLC being wound up wrong.

 

 

Edited by madmanxpilot
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21 hours ago, Chef Raekwon said:

As you're in the know.....

Are we back to the Dash-8s after then end of March?

March 31st is the first day that all services will operated by Dash 8s.

The sale of the operational side of Flybe is due to be completed next Friday - hopefully details of Connect Airways’ long term plans for the IOM base will become clearer then.

Edited by madmanxpilot
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