[21], On 3 November 2006, it was announced that Flybe would buy BA Connect, except for that airline's services out of London City Airport. The airline operated a buy on board programme, called "Café Flybe", offering food and drinks for purchase. ", "Flybe To Reduce Jet Fleet And Concentrate Only on Profitable Routes", "Channel Islands aviation: Jersey Europeans claims leading regional role", Airlines of the United Kingdom and Channel Islands, List of defunct airlines of the United Kingdom, Timeline of Richard Branson's business ventures, https://en.wikipedia.org/w/index.php?title=Flybe&oldid=1001458378, Companies that have entered administration in the United Kingdom, Articles with dead external links from June 2020, Articles with permanently dead external links, Short description is different from Wikidata, Articles with unsourced statements from February 2020, Articles with unsourced statements from March 2020, Articles containing potentially dated statements from March 2016, All articles containing potentially dated statements, Articles with unsourced statements from December 2019, Articles with unsourced statements from April 2019, Creative Commons Attribution-ShareAlike License. [29], On 10 December 2010, Flybe floated in an IPO on the London Stock Exchange, with trading in shares commencing on the same day. [115][113] In June 2017, Flybe announced that due to a loss of near to £20 million, it would retire six Q400 aircraft from 2017. The analyst was sceptical that Flybe could cheaply complete a sale and leaseback of its 27 planes, saying lessors would have a lack of confidence in Flybe’s long-term future. Flybe had in the past operated a wide variety of aircraft, including: Media related to Flybe at Wikimedia Commons, "British European" redirects here. [44], On 22 February 2018, franchise partner Stobart Air confirmed interest in a takeover bid of 100% of Flybe for an undisclosed fee. ", "Former CityJet boss Ourmieres-Widener appointed as the new CEO at Flybe", "Flybe's Scottish flights take off from Heathrow", "Britain's Stobart considering bid for airline Flybe", "Stobart scraps bid for regional airline Flybe", "Flybe up for sale weeks after profit warning", "UK regional operator Flybe in talks to sell company", "Virgin Atlantic in surprise bid to take off with Flybe", "Virgin Atlantic in talks to rescue Flybe", "Virgin Atlantic and Stobart link up to take over Flybe", "Cuts likely as Virgin shapes Flybe-Stobart combination", "Virgin Atlantic and Stobart agree Flybe take-over", "Flybe-Connect Airways agreement reached on £2.8m deal", "Flybe will wind up company if sale fails", "Connect Airways raises takeover offer for Flybe", "Major Flybe shareholder looking to stop £2.2mln Virgin-Stobart takeover", "Flybe rejects alternative financial approach", "Flybe gives shareholders vote on ousting chairman", "Struggling airline confirms approach from former Stobart boss", "Flybe Rejects Rival Takeover Bid From Mesa Air Group", "Flybe completes sale to Virgin-led consortium", "Shareholders Approve Connect Airways Acquisition", "Scheme effective & intended adjournment of Meeting", "Flybe to be rebranded as 'Virgin Connect, "Regional airline Flybe in frantic bid to stave off collapse", "Government strikes a deal to rescue Flybe", "Why Flybe's market role created a UK political quandary", "Government considers ownership stake in Flybe", "Flybe: Coronavirus pushes airline to brink of collapse", "Coronavirus dealt fatal blow to embattled Flybe: shareholder", "Everything you need to know about the Flybe collapse", "Flybe: airline collapses two months after government announces rescue", "Flybe administrators fight to retain carrier's operating licence", "Prospects for Flybe sale lift as administrators retain licence and slots", "Flybe set to fly again after brand is rescued", "Interest in revived Flybe shows continued faith in regional opportunity", "Flybe could soon take to the skies again", "The London Stock Exchange welcomes Flybe to the Main Market", "Stobart Air in franchise deal with Flybe", "Flybe. Cookies help us deliver our services. The fact that Flybe are after buyers would suggest it needs investments urgently in order to boost profits back up. size medium old style logo never worn as new. By 1995, Jersey European Airways was again expanding after incurring minor losses during the prior year. By The Newsroom. It was founded by John Habin, a resident of Jersey and the majority investor. November 14 saw the carrier release its half-year financials to the London Stock Exchange. In terms of the Q400s, flybe will exit four aircraft by 2020/21 while renegotiating leases on the rest. The budget airline Flybe has put itself up for sale as a cocktail of rising fuel prices, the weaker pound and lower demand weigh on profits.. Stobart Group and … 34 of the Dash 8s are listed as leased.Out of nine Embraer ERJ-170, two are listed as leased, and its two ERJ-190s are also leased. At 30 September 2018, the fleet size totalled 78 aircraft, compared to 80 six months earlier, following the return of one Bombardier Q400 turboprop and one Embraer E195. In January 2018, services to Sumburgh were being withdrawn, owing to the competition with Loganair and the route being unable to sustain two carriers. Flybe’s Embraer experiment was an expensive mistake. [13][14], In June 2000, the airline announced that it had rebranded itself British European;[15] according to a company spokesperson, this was due to the Jersey European Airways name no longer being an accurate reflection of the scope of the routes being covered. [100] This now meant both Flybe and Loganair were now in direct competition with each other. Flybe collapse could close Southampton and Belfast airports, says MP. (30% Virgin Atlantic, 30% Stobart and 40% Cyrus Capital Partners). "All In" ticket holders received a complimentary drink and snack, access to Flybe, This page was last edited on 19 January 2021, at 19:39. Initially, these two airlines were then run separately despite partially shared management; Exeter Airport served as a critical hub, forming a meeting point between the two companies' route networks. Flybe operated short haul services to destinations throughout the United Kingdom, Republic of Ireland and continental Europe. [6][7] It was founded by John Habin, a resident of Jersey and the majority investor. For more confidence in the Q400 program, the UK regional airline has extended the leases on five of its Q400 aircraft which immediately reduced rental costs on the aircraft. Except for two examples on lease from Germany’s HEH Aviation, G-FBJI (c/n 17000355) and G-FBJJ (c/n 17000358), the entire E175 fleet was owned by the Exeter-based regional giant. Most of those (54) were twin-propelled Bombardier Q400 Dash 8s. ", "Flybe sells its Finnish business for €1", "Flybe Finland changes name to Nordic Regional – eTurboNews (eTN)", "Avios partnership with Flybe has now ended", "Travel Advice: Flybe Announces Base Changes", "U.K.-based Flybe to become world's largest Bombardier Q400 operator", "Flybe reconfigures its fleet by leasing smaller aircraft", "Flybe promises overhaul after £20m loss", "Flybe Q400s to be converted into firefighters for Conair", "Flybe announces a deal for up to 140 Embraer E Series Aircraft", "Flybe celebrates arrival of new jets with a soaking! [81], On 19 October 2020, reports emerged that Lucien Farrell, in charge of former shareholder Cyrus Capital's European office, had formed a new company, Thyme Opco, to purchase the Flybe brand and relaunch the airline, subject to regulatory approvals. these have been … Flybe also stated their intention to create a new base at Cardiff Airport in summer 2015,[38] initially basing two Embraer 195 aircraft there, which subsequently increased to three. In terms of the Q400s, flybe will exit four aircraft by 2020/21 while renegotiating leases on the rest. Most are Bombardier Q400s, of which Flybe stood as the world's largest operator. However, it has promised it would phase out some planes and cut capacity even further to focus on its most popular and profitable routes. [88] The Flybe Group included Flybe Aviation Services (engineering and maintenance), Flybe Training Academy (engineering and flight crew training), Flybe UK (airline operations) and Flybe Europe, the holding company for all European operations, which previously consisted of Flybe Nordic. [23] The acquisition increased Flybe's route network in both the UK and continental Europe, making Flybe Europe's largest regional airline. [53], On 15 January 2019, Connect Airways increased its offer by £600,000, and set out improved bridging loan conditions, with £10 million to be released immediately to support Flybe's business, and a further £10 million available. [58], Flybe Group's shareholders had decided in December 2018 to transfer its final shares to a standard listing,[59] meaning that shareholder approval for the sale of the assets was no longer required. Subsequent funding of £80 million was also confirmed. [98] This deal is however under investigation and could be potentially breaking local competition laws.[99]. On 16 January 2017, former CityJet boss Christine Ourmieres-Widener, took over the role of CEO after Saad Hammad left in October 2016. Yesterday recorded share price at £11.70 per share – now at £11.90 per share with a share offer price of £12.25 per share if anyone wants to take over. Photo: Getty Images. Administrators are finalising the sale of Flybe Aviation Services, the MRO operation of Flybe which had continued to trade after the collapse of the UK regional airline. Accountancy firm EY said offers had been made for the division with the transaction likely to complete in the coming days. Flybe. [112], The last Embraer 195 was phased-out and returned to its lessor on 24 February 2020.[122]. Flybe says its decision to put itself up for sale is due to the "current challenges" it faces - higher fuel prices, uncertain demand and a weaker pound. Flybe (pronounced /ˈflaɪˌbiː/), styled as flybe, was a British airline based in Exeter, England. As Europe’s largest regional airline, Flybe had concluded that the Bombardier Q400 was “the best core aircraft for its current and future needs” and added that the aircraft would remain as “the backbone of the Flybe fleet for the foreseeable future”. [50][51], On 11 January 2019, a takeover bid worth £2.2 million by the Connect Airways consortium, which includes Virgin Atlantic and Stobart Aviation, was confirmed. The ‘new Flybe’ is edging closer to becoming a reality after its first aircraft was spotted to have been registered by Thyme Opco earlier this week. [47] In September 2018, a revised aircraft livery was launched, with purple and white being retained but lilac replacing the red and yellow. FLYBE CABIN CREW HAT ! The UK-based company said it was “undertaking a comprehensive review of the various strategic options open to it” as it battled falling profits, Brexit, weaker sterling and rising oil prices, and these options included cutting its fleet further or an outright sale. James is the Editor-At-Large for the magazine and is actively boosting its presence in the region. LONDON – Skyworld Aviation has announced it will sell 11 of Flybe’s Bombardier Dash 8 Q400 aircraft. [77] All flights operated by Flybe and Stobart Air were cancelled, though those operated by franchisees Blue Islands and Eastern Airways continued. Flybe also received £4.5 million from IAG for the sale of take-off and landing slots at Gatwick to Vueling on January 11. Most of Flybe’s fleet is made up of Dash 8s. The UK government also agreed to conduct an urgent review of Air Passenger Duty on domestic flights. Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Flybe were the main sponsor of Exeter City Football Club and also sponsored Exeter Chiefs with their branding featuring on both teams shirts. LONDON — Exeter-based regional carrier Flybe will go on-sale following rising costs of fuel, increased competition, and the volatility in currencies sparked by the imminent BREXIT. [citation needed], On 11 January 2016, Flybe announced its third franchise deal with the Guernsey based airline, Blue Islands. In the past twelve months, Flybe handed back six older end-of-lease Q400s. [79], As of 1 May 2020, Flybe's administrators EY believed that a sale of the business as a going concern remained possible, having received around 20 non-binding offers including three for the entire business and assets, and expected to receive final offers for evaluation in early May. The... PRESTWICK — The Antonov AN225 Mriya has touched down in Glasgow Prestwick Airport (PIK) today. As mentioned earlier, one of the reasons the carrier is struggling is through BREXIT and a weaker and volatile British pound. The parent company of Flybe, Flybe Group PLC (previously popular as Walker Aviation Ltd) is listed on London Stock Exchange. [8][10] In 1985, Jersey European Airways carried 160,000 passengers and achieved an annual revenue of just under £9 million. [30][31], On 23 May 2013, it was reported that Flybe had sold its slots at Gatwick Airport to EasyJet for £20 million, and that the slots would be handed over to EasyJet on 29 March 2014. [citation needed], In 2018, Flybe completed a review of its future fleet, the Bombardier Q400 would remain its core aircraft; all nine of its E195 aircraft would be withdrawn by 2020 but a number of E175s would be retained for busier routes. In 2015, Stobart Air began operating more flights on behalf of Flybe from Isle of Man Airport using two ATR 72. The airline, which had been struggling for several months, claimed that its difficulties were compounded by the impact of the COVID-19 pandemic on bookings. Flybe, Europe’s largest regional airline, flies 53 percent of all UK domestic flights excluding London with a fleet of 54 Bombardier Q400s, six Embraer E195s, 11 E175s, and five ATR 72 turboprops. ", "HM The Queen's 2009 Birthday Honours List", "Regional airline Flybe raised £66m from stock market flotation", "Flybe ends Channel Islands' Gatwick routes", telegraph.co.uk: "Flybe cuts another 500 jobs to 'secure future'. Photo: Flybe Connect Airways. The bulk of its fleet was made up of Bombardier Q400 Dash 8 planes, which seated 78 people. The affairs, business and property of the Company are being managed by the Joint Administrators, Alan Michael Hudson, Joanne Robinson, … They appealed to the UK transport secretary to ensure that Flybe's operating licence is not revoked, as this would prevent the sale of the valuable airport slots. Flybe used the Avios frequent-flyer programme until 30 April 2019, when Flybe and Avios ended their partnership and all accounts were closed. It is understood that the overall aim for these aircraft are full sales only. [64], On 21 February 2019, Flybe announced that the sale of Flybe Limited and Flybe.com Limited to Connect Airways had been completed,[65] with Flybe flights continuing to operate as normal. The airline put itself up for sale in November after things became more dire. [116], In January 2021, Canadian aerial firefighting specialist Conair Group announced that it had purchased 11 of Flybe's Q400 for conversion into water bombers and multi-role firefighting aircraft. Flybe puts itself up for sale in tough market 14 November 2018 The board of Flybe Group has begun a “comprehensive review” of the company’s … In February 2019, the airline was sold to the Connect Airways consortium, backed by Virgin Atlantic and Stobart Aviation. LONDON — Exeter-based regional carrier Flybe will go on-sale following rising costs of fuel, increased competition, and the volatility in currencies sparked by the imminent BREXIT. Initially equipped with an aging fleet of war-surplus Douglas DC-3aircraft, Jersey Euro… ", "Jobs go at Sumburgh following Flybe exit. [27] As a result, the environmental group Friends of the Earth called on the government to launch an investigation into the aviation industry. [26], In 2008, in order to avoid losing a £280,000 rebate from Norwich Airport, Flybe advertised for "actors", as well as offering free return flights to Dublin on its website. 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