Category Archives: Flybe Finland

Flybe Finland to become Nordic Regional Airlines

Flybe (Nordic) ATR 72-500 OH-ATG (02)(Tko) HEL (Flybe.fi)(LRW)

Flybe Finland (Helsinki) will become Nordic Regional Airlines in May reflecting the recent change in ownership. The name change still requires approval by the Trade Register, which is expected to take place in early May.

Flybe.fi logo-1

According to the airline’s CEO Maunu Visuri, “The new name reflects our company’s core business, i.e. the regional flying. Our goal is to continue to be a high-quality and skilled Nordic airline to offer excellent service to their customers.”

A new look will be unveiled in the early summer and the transformation will be implemented in stages during 2015.

Flybe Finland aircraft slide show: AG Airline Slide Show

All images by Flybe Finland.

Flybe (Nordic) ATR 72-500 (02)(Tail)(Fly.be)(LR)

 

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Finnair acquires Flybe Nordic and Flybe Finland, will introduce Wi-Fi in the fall

Finnair (Helsinki) as planned, has completed its acquisition of Flybe Nordic (Helsinki) and its Flybe Finland (formerly FinnComm Airlines) (Helsinki) airline subsidiary. Finnair issued this statement:

Finnair has acquired Flybe UK Ltd’s 60% ownership of Flybe Nordic for a transaction price of 1 euro, and Flybe Nordic will transfer to Finnair’s ownership on an interim basis. The transaction has been closed on March 31, 2015. Finnair continues discussions about the continued ownership of Flybe Nordic. Finnair and StaffPoint Holding Ltd and G.W. Sohlberg Ltd. signed on January 7, 2015 a Memorandum of Understanding about an arrangement according to which Staffpoint and GWS would own together 60% of Flybe Nordic shares.

“Last November Finnair and Flybe UK decided to discontinue their Flybe Nordic co-operation and agreed, that Flybe UK will sell its 60% ownership in the company to a potential new majority shareholder or Finnair. While the discussions with Staffpoint and GWS still continue, Finnair will now acquire Flybe UK’s share of Flybe Nordic. We hope to sign a new share purchase agreement in the coming months,” says Pekka Vauramo, Finnair CEO.

Flybe Nordic owns fully the Finnish subsidiary Flybe Finland, which operates with a total of 26 ATR and Embraer aircraft a substantial part of Finnair’s domestic and European routes as purchase traffic. Flights operated by Flybe Finland will continue normally.

“Finnair aims to find together with its partners a business model that would enable the development of regional flying in a financially sustainable way. We will take an important step to this direction at the beginning of May, when all routes operated by Flybe Finland at their own commercial risk will become a part of Finnair’s contract flying arrangements, as we have communicated earlier. Flybe Finland has also implemented several internal measures to improve the company’s financial position,” says Vauramo.

The ownership change of Flybe Nordic does not have any immediate impact on Finnair’s result. Finnair continuously monitors the balance sheet valuation related to the Flybe Finland cooperation and will inform about possible financial impacts in more detail in connection with its interim review on 7 May, 2015.

In other news, Finnair has announced it will introduce its first onboard Wi-Fi service in autumn 2015.

Finnair Board of Directors has approved an investment program for bringing Wi-Fi connectivity to the majority of Finnair’s wide-body and narrow-body fleet. The total value of the investment is approximately 30 MEUR.

Finnair will introduce its first onboard Wi-Fi service in autumn 2015, with the arrival of the first Finnair A350 XWB aircraft. In 2016, the company will start Wi-Fi installations in Finnair’s Airbus A330 long-haul aircraft as well as its European short-haul Airbus fleet. Installations are expected to be completed by 2018.

Finnair aircraft slide show: AG Airline Slide Show

Copyright Photo: OSDU/AirlinersGallery.com. ATR 72-212A (ATR 72-500) OH-ATL (msn 851) of Flybe Finland lands at Pulkovo Airport in St. Petersburg, Russia.

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Finnair to open a new route to Gdansk, Poland

Finnair (Helsinki) on May 11 will open a new daily service to Gdansk, Poland.

The service will be sold with Finnair’s flight number, and it will be operated by Flybe Finland (Helsinki) with ATR 72 aircraft.

In addition to Gdansk, in Poland, Finnair flies daily to Warsaw year-round and to Krakow from  April 2 until October 22, 2015.

Copyright Photo: Ton Jochems/AirlinersGallery.com. ATR 72-212A (ATR 72-500) OH-ATG (msn 757) sits on the Helsinki (HEL) ramp.

Finnair aircraft slide show: AG Airline Slide Show

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Flybe Finland to fly under the Finnair code starting on May 1

Finnair (Helsinki) as we previously reported, is now a part owner of Flybe Finland. The Finnish Competition and Consumer Authority approved the transaction in which Flybe UK Ltd’s 60% ownership of Flybe Nordic venture was transferred to StaffPoint Holding Ltd and G.W. Sohlberg Ltd (GWS) . The letter of intent on this transaction was announced on January 7, 2015. StaffPoint’s ownership in the joint venture is now 45%, GWS’s 15% and Finnair’s 40%.

Flybe Nordic owns fully the Finnish subsidiary Flybe Finland, which is in charge of Finnair’s regional airline operations. Flybe Finland currently operates to a number of domestic and European destinations from Helsinki on behalf of Finnair on a contract-flying basis. In addition, Flybe Finland operates to five domestic destinations as well as Tartu, Estonia and Norrköping, Sweden at its own commercial risk.

As a result, Finnair now has issued this statement:

Starting May 1 all routes operated by Flybe Finland (Helsinki) at their own commercial risk will become a part of Finnair’s contract flying arrangements, and the flights will carry a Finnair (AY) flight designator instead of Flybe’s (BE) code. The routes are between Helsinki and the following destinations:

Jyväskylä
Kajaani
Kemi-Tornio
Kokkola-Pietarsaari
Mariehamn
Norrköping
Tartu
Visby

Finnair sells tickets to these routes starting on March 10, 2015. Tickets can also be purchased from Flybe Finland until April 30, 2015.

The change to Finnair’s flight numbers may cause some changes to the schedules of Flybe Finland flights that have already been booked and which depart on 1 May 1, 2015 and onward.

Copyright Photo: Ton Jochems/AirlinersGallery.com. Flybe Finland’s ATR 72-212A (ATR 72-500) OH-ATG (msn 757) sits on the ramp at the Helsinki (HEL) base.

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The sale of Flybe Nordic’s 60% share formerly held by Flybe is approved

Finnair (Helsinki) has announced the sale of Flybe’s (Exeter) 60% share in Flybe Nordic has been approved. The airline issued this statement:

The Finnish Competition and Consumer Authority has approved the transaction in which Flybe UK Ltd’s 60% ownership of Flybe Nordic venture will be transferred to StaffPoint Holding Ltd and G.W. Sohlberg Ltd (GWS) . The letter of intent on this transaction was announced on January 7, 2015. Upon completion of the sale, StaffPoint’s ownership in the joint venture will be 45%, GWS’s 15% and Finnair’s 40%. The transaction is expected to be closed in early February 2015.

Flybe Nordic owns fully the Finnish subsidiary Flybe Finland, which is in charge of Finnair’s regional airline operations. Flybe Finland currently operates to a number of domestic and European destinations from Helsinki on behalf of Finnair on a contract-flying basis. In addition, Flybe Finland operates to five domestic destinations as well as Tartu, Estonia and Norrköping, Sweden at its own commercial risk.

Will the Flybe Finland brand now be changed to a new name? Flybe Finland was formerly FinnComm Airlines.

Copyright Photo: Ton Jochems/AirlinersGallery.com. Flybe Finland’s ATR 72-212A (ATR 72-500) OH-ATG (msn 757) sits on the ramp at the Helsinki (HEL) base.

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Video: A time lapse full flight window view of a flight from Edinburgh to Birmingham, onboard Flybe Embraer ERJ 175 G-FBJE, operating flight BE 852 on October 31, 2014.

Flybe reshapes its operating network, sells its Flybe Finland operation for €1

Flybe (Exter) is making a lot of moves to streamline its operations under its new CEO Saad Hammed.

The company has announced that it will open a new base at Bournemouth Airport from March 29, 2015. Two 78-seat Bombardier Q400 aircraft will be deployed to meet demand for key routes to and from Bournemouth. The airline’s Summer 2015 schedule will start with a new year-round, double daily service between Bournemouth and Glasgow.

In addition Flybe will, from May 2015, operate a number of additional new routes to include Amsterdam, Manchester, Paris (Charles de Gaulle), Jersey, Dublin, Deauville (Normandy) Toulon and Biarritz.

The airline also announced it will re-open its base at Aberdeen Airport effective from the start of next year’s Summer season on March 29, 2015.

Four 78-seat Bombardier Q400 aircraft will be based at the airport to service and meet demand for key routes to and from Aberdeen that include those to London (City), Manchester and the Flybe Shuttle.

The news of the base re-opening comes on the back of Flybe last month starting double-daily flights to and from London City Airport, and its innovative three times a day Flybe Shuttle service to Jersey via Leeds/Bradford and Southampton.

Flybe will also start operations at London Stansted Airport from March 15, 2015. This will feature year-round services to the Isle of Man (up to three flights a day) and double daily flights to Newcastle, together with seasonal summer flights to Newquay.

Previously on October 26 the airlines started its winter schedule with up to 2,787 flights a week.

New routes for winter are: Aberdeen to Leeds/Bradford, Birmingham to Oslo and Berlin (Tegel) (and also the first winter for popular summer routes to Cologne, Lyon, Toulouse, Florence and Porto), Dublin to Inverness, Manchester to Amsterdam and the return of the daily Exeter to Newcastle service.

Flybe Finland logo

Finally to make way for this expansion, Flybe has sold its loss-making Flybe Finland operation for €1 to Finnair. Flybe, struggling to return to profitability, has also cancelled an order of 20 new aircraft.

Flybe Finland started operations on October 30, 2011.

Read the full report by The Telegraph: CLICK HERE

Top Copyright Photo: Antony J. Best/AirlinersGallery.com. Flybe’s Bombardier DHC-8-402 (Q400) G-JEDV (msn 4090) is seen at Southampton.

Flybe aircraft slide show: AG Slide Show

 

Flybe Finland FAs

Flybe Finland Crew

Flybe Finland cities:

Flybe Finland 11.2014 Route Map

 

 

Flybe to cut another 500 jobs as it becomes profitable again in the first half

Flybe (Exeter) plans to cut another 500 jobs after it posted its first half-year profit in two years.

Read the full report from Reuters: CLICK HERE

The company issued this financial statement:

Results for the six months to September 30, 2013:

Flybe announces a significantly improved financial performance under its new management team.  In addition, a new phase of efficiency improvements announced today will secure a strong base for future growth.

Key financial highlights
      H1 2013/14£m          H1 2012/13£m               Change%
Total revenue under management * 477.3 396.3 20.4
Less: joint venture revenue (126.2) (55.5) 127.4
Group revenue 351.1 340.8 3.0
Adjusted profit/(loss) before tax, restructuring and surplus capacity costs and revaluation on USD aircraft loans ** + 12.2 (2.3)                     N/M
Adjusted profit/(loss) before tax and restructuring *** + 17.1 (1.6)                     N/M
Profit/(loss) before tax + 13.8 (1.6)                     N/M
Profit/(loss) after tax + 13.6 (1.6)                     N/M

*   Includes Flybe’s joint venture, Flybe Finland.

** Adjusted profit/(loss) before tax, restructuring and surplus capacity costs and revaluation on USD aircraft loans defined as profit/(loss) before tax, restructuring and surplus capacity costs of £4.1m (2012/13: £nil) and revaluation gains on USD aircraft loans of £5.7m (2012/13: £0.7m).  Surplus capacity costs represent the costs incurred in H1 2013/14 relating to capacity that is considered by management to be surplus as a result of the restructuring decisions.

***      Adjusted profit/(loss) before tax and restructuring defined as profit/(loss) before tax and restructuring costs of £3.3m (2012/13: £nil).

+   H1 2012/13 has been restated for the impact of adopting the revised requirements of IAS 19 Employee Benefits as detailed further in Note 2 to the condensed financial statements. The replacement of the interest cost and expected return on plan assets with a new interest charge on the net defined benefit liability led to a £0.3m increase in the reported loss for that period.

Results summary

1. First two phases of the Turnaround Plan on track to deliver savings of £40m this year and £45m in 2014/15.

2. A 20.4% increase to £477.3m (H1 2012/13: £396.3m) in revenue under management (including Flybe Finland, the joint venture with Finnair) largely driven by increased contract flying activity in Finland.

3. A 3.0% increase in group revenue to £351.1m.

4. A £13.8m profit before tax (H1 2012/13: loss of £1.6m).

5. A £10.5m operating cash inflow before increase in restricted cash and restructuring costs (H1 2012/13: £1.6m)

Operational highlights (H1 2013/14)

UK Airline:

–    6.2 million scheduled seats flown, in line with last year.

–    5.6% increase in passengers to 4.3 million.

–    3.6ppts increase in load factor to 68.6%.

–    0.9% increase in passenger revenue per scheduled seat to £50.35 (H1 2012/13: £49.92).

–    1.3% increase in total revenues to £328.2m.

–    1.3% decrease in costs per seat to £51.30.  On a constant currency and fuel price basis, costs per seat decreased by 3.1%.

–    4.7% increase in UK regional sector share for the Flybe brand to 55.1%.

Flybe Finland:

–    26.4% of Flybe’s revenue under management (H1 2013/14: £126.2m; H1 2012/13: £55.5m).

–    £110.6m contract flying revenue (H1 2012/13: £36.7m)

–    84.6% increase to 2.4 million in total seats flown, of which white label flying totalled 2.0 million (H1 2012/13: 0.8 million).

Turnaround update

Flybe aims to become the best local airline in Europe delivering unrivalled regional connectivity.

Flybe will have two engines of growth:

A regional branded airline giving a nimble and customer-friendly, scheduled service for both business and families.  This brings people together within a country and connects people in the regions to international carriers at metropolitan airports.

A regional white label model where Flybe will become the leading regional provider for mainstream European airlines.

The already announced Phase 1 and 2 cost savings are being successfully implemented.

Major management and organizational change: new Chairman and Chief Executive Officer have been appointed.  Senior executive appointments well advanced, including a new Chief Commercial Officer already in place.

Flybe’s operations have been reorganized into a single management structure.

An Immediate Action plan is being announced today and is already being implemented with three elements:

1.   Optimise configuration: rationalise route network, review fleet mix, remove surplus capacity and improve aircraft and crew utilisation.

2.   Reduce costs further: all aspects of the business are being reviewed to drive further savings.

3.   Improve commercialisation: optimise pricing and revenue management, refocus network development, strengthen route management, step change marketing impact and develop trading partnerships.

This will deliver further benefit of £7m this year and £26m next year with around 500 proposed redundancies and estimated one-off and surplus capacity costs of £14m this year plus a further £27m in 2014/15.

Finnair JV is now profitable; further improvements are being targeted by enhancing operational delivery, reducing scheduled risk flying losses and embedding ‘lean manufacturing’ techniques.

Update: According to Reuters, majority shareholder Rosedale Aviation Holdings has sold its entire 48.1 percent stake in the airline to institutional investors.

Read the full report: CLICK HERE

Copyright Photo: Antony J. Best/AirlinersGallery.com. Embraer ERJ 190-200LR (ERJ 195) G-FBEB (msn 19000057) lands at Southampton.

Flybe: AG Slide Show