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Flybe in trouble again?

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  • Issyalex, Glasgow
    started a topic Flybe in trouble again?

    Flybe in trouble again?

    Flybe in survival talks again one year after Virgin stepped in.

    https://www.glasgowlive.co.uk/news/g...DyFrAS1FRO9ADc

  • annie, Glasgow
    replied
    Another twist:

    https://www.bbc.co.uk/news/business-51147471

    Why Virgin, part owners of Flybe, could not have settled the bill is strange.

    The government did allow RB to hand back the Virgin East Coast franchise.

    Annie

    Leave a comment:


  • annie, Glasgow
    replied
    Another twist:


    https://www.bbc.co.uk/news/business-51134859

    Leave a comment:


  • Smith7
    replied
    Originally posted by Delboy, Essex View Post
    What are the benefits of saving Flybe as apposed to letting it go under, excluding the owners and shareholders. ?
    If Flybe went under, domestic airports would suffer big job losses and possible closure.

    Leave a comment:


  • annie, Glasgow
    replied
    https://www.bbc.co.uk/news/business-51140969

    Leave a comment:


  • Delboy, Essex
    replied
    What are the benefits of saving Flybe as apposed to letting it go under, excluding the owners and shareholders. ?

    Leave a comment:


  • philhar, wallasey
    replied
    It's consistency that's the issue here.The same reasons quoted for not intervening would largely apply to Flybe too.As JC said some very wealthy companies bought this company 12 months ago for a song,why can't they put more money in?I know they are putting some more in but they could afford more.
    The commuter/connection argument doesn't really work either as bus and train companies have been allowed to go to the wall.
    As for trying to get the public to contribute money to get Big Ben to ring,really you couldn't make it up.

    Leave a comment:


  • Smith7
    replied
    Originally posted by jc, liverpool View Post

    Hi Jill
    How do you know what Boris alluded to,i saw that interview it was all pifflepafflewifflewaffle.

    I had to read a report to get this one "Bung a bob for Big Ben Bongs"

    JC
    Oh JC, I just knew that you would challenge my post.

    Boris was previously talking about the need for easier travel to where the jobs are. If we lost airports due to Flybe going under, it wouldn't help anyone would it?

    Leave a comment:


  • annie, Glasgow
    replied
    Originally posted by jc, liverpool View Post

    Hi Jill
    How do you know what Boris alluded to,i saw that interview it was all pifflepafflewifflewaffle.

    I had to read a report to get this one "Bung a bob for Big Ben Bongs"

    JC
    Hi JC

    Referring to Delboy's chart, I note that 3 of the airports on the list are tax havens - was that a factor in the decision making process??

    Annie

    Leave a comment:


  • jc, liverpool
    replied
    Originally posted by Smith7 View Post

    Exactly. which is what Boris alluded to in his TV interview yesterday. I'm sure that if Flybe was just a holiday airline, then they would have been left to go under.
    Hi Jill
    How do you know what Boris alluded to,i saw that interview it was all pifflepafflewifflewaffle.

    I had to read a report to get this one "Bung a bob for Big Ben Bongs"

    JC

    Leave a comment:


  • Smith7
    replied
    Originally posted by Wilba View Post

    I do see a difference.

    Monarch and Thom Cook were geared to the bucket and spade holidaymakers.

    Fly Be is an important commuter airline within the UK and near continent and could have far more impact on work and industry, as opposed to pleasure............Wilba
    Exactly. which is what Boris alluded to in his TV interview yesterday. I'm sure that if Flybe was just a holiday airline, then they would have been left to go under.

    Leave a comment:


  • annie, Glasgow
    replied
    Originally posted by Delboy, Essex View Post

    I could imagine what his reply would be, but could not post it on here without a load of *’s.

    But I am sure you are well aware of the reasons why in comparison to Flybe.😉😎
    Yes I am but Flybe has not made a profit in 5 years.

    The current owners bought the assets in 2019 for £2.2 million and promised to invest £100 million.

    Not 1 year later, the govt agreed to defer a tax liability of £100 million. Coincidence??

    So the company collected taxes from the consumer and has not handed them over. Maybe we should all ask for our money back.

    Annie

    Leave a comment:


  • Wilba
    replied
    Originally posted by philhar, wallasey View Post
    Interesting that the Government stepped in this time but let Thomas Cook and Monarch go to the wall.
    It's not just Southampton that heavily relies on Flybe Exeter and Belfast do too.
    I do see a difference.

    Monarch and Thom Cook were geared to the bucket and spade holidaymakers.

    Fly Be is an important commuter airline within the UK and near continent and could have far more impact on work and industry, as opposed to pleasure............Wilba

    Leave a comment:


  • jc, liverpool
    replied
    Hi all
    Corporate Welfare again,,,,,,,if it was a Labour government that did it the Tories would have been screaming "Socialists spending taxpayers money".

    Its not as if Richard Branson is on the bones of his backside.

    I'm all for it if it saves jobs,,,,,but didn't Branson,Stobart and the very rich Cyrus investment fund do due diligence before they bought Flybe.
    If they think the only problem is cash flow,why don't they temporarily fund it themselves?
    JC
    Last edited by jc, liverpool; 15th January 2020, 05:09 PM.

    Leave a comment:


  • Delboy, Essex
    replied
    Originally posted by annie, Glasgow View Post

    TBH I am not convinced the govt should have allowed Flybe to defer their tax bill for 3 years.

    Imagine if we all write to Sajid Savid and ask him if we could defer our tax bills because we were experiencing cash flow issues.

    Annie
    I could imagine what his reply would be, but could not post it on here without a load of *’s.

    But I am sure you are well aware of the reasons why in comparison to Flybe.😉😎

    Leave a comment:


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