Tag Archives: Flybe (British European 2nd)

Flybe announces its future fleet plans

"Scotland"

Flybe made this announcement:

After a comprehensive review of regional aircraft options, Flybe Group plc (‘Flybe’), Europe’s largest regional airline, has concluded that the Bombardier Q400 is the best core aircraft for its current and future needs. It will therefore remain as the backbone of the Flybe fleet for the foreseeable future.

The Q400 is faster than the alternative turboprops, with a performance close to jet aircraft over the relatively short sectors that Flybe operates. In addition, with excellent operating economics including turboprop fuel efficiency, it is cheaper to operate than similar-sized jet aircraft, and has a much smaller noise footprint. Flybe will however continue to operate a number of Embraer E175 jets for longer or busier routes.

Flybe’s stated strategy is to reduce its overall fleet and to concentrate on profitable routes only. In the past twelve months, Flybe handed back six older end-of-lease Q400s. With a further planned handback of all nine Embraer 195 jets, the overall fleet is well on the way to reducing in size from 85 at its peak in May 2017, to a target of around 70 aircraft by early 2020.

Flybe’s Q400 fleet remains a relatively young one, with an average age of just over 10 years. The airline has accordingly concluded that it will retain its remaining Q400 aircraft and, where economic, extend their service lives. This will save considerable capital expenditure over the next few years, by avoiding the requirement to acquire new aircraft.

Flybe still has a heritage order for four Embraer E175s due in 2019. These will be delivered with new ‘winglet technology’ to help reduce fuel consumption. Apart from these, Flybe is not planning any additional new aircraft orders for the foreseeable future.

Flybe CEO, Christine Ourmières- Widener said: “Flybe’s strategy is to reduce the fleet size to an optimum level and make the business demand-driven rather than capacity-led. Our fleet configuration is an important part of that strategy. We examined exhaustively all the options and concluded the Bombardier Q400 is the best core aircraft for us. Its superior economy, speed and quietness is ideal for a regional airline such as ourselves. Together with a number of Embraer E175s, our future fleet will be the optimum required for our specific regional route network.”

Fred Cromer, President, Bombardier Commercial Aircraft added: “We are delighted that Flybe, our long-term customer and largest Q400 operator, remains committed to the Q400 as its preferred turboprop. With its jet-like performance, industry-leading reliability and unbeatable economics, we are glad that the Q400 turboprop will continue to support Flybe as the airline further imposes itself as one of Europe’s leading regional providers.”

John Slattery, President & CEO of Embraer Commercial Aviation commented: “Flybe’s commitment to the E175 as its regional jet of choice is a great endorsement of the type as a key part of its wider fleet. Now, introducing in its fleet the most updated version of the E175 with lower fuel burn, Flybe will enjoy even greater operating economics on their jet-service routes. We are looking forward to continuing to support and work with Flybe in the future.”

Copyright Photo: Flybe (British European 2nd) Bombardier DHC-8-402 (Q400) G-ECOH (msn 4221) (Scotland) AMD (Ton Jochems). Image: 941876.

Flybe aircraft slide show:

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Reuters: Stobart Group is considering a bid for Flybe

Named "Spirit of The Regions"

From Reuters:

British infrastructure and support services firm Stobart Group is considering bidding as part of a consortium to acquire struggling regional carrier Flybe.

Shares in Flybe soared 26 percent on Thursday on the news to 43.5 pence by 1541 GMT, valuing the carrier at almost 105 million pounds.

“A number of potential structures have been considered including taking a non-controlling interest in a vehicle to acquire 100 percent of Flybe likely to be in cash,” Stobart said in a statement.

Reuters had reported earlier on Thursday that Stobart was in talks about a possible deal.

Flybe said it had not received an approach from Stobart about a possible offer and added: “Flybe shareholders are strongly advised to take no action at this stage.”

A spokesman for Stobart declined to identify possible partners in any bid for the airline.

Stobart is eyeing Flybe after the carrier was left vulnerable by a slump in its share price.

Shares traded at more than 90 pence in 2015 but had plunged to as low as 30.75 pence in December 2017, according to Thomson Reuters data, after the airline was hit by faltering demand for its flights.

In other news, Flybe, Europe’s largest regional airline, has given its 650-strong pilot workforce a brand new look that complements the striking purple uniforms of its cabin crew.

The new navy uniform for its pilots features a stylishly fitted jacket with distinctive platinum epaulettes and stripes that clearly designate the rank of Captain (four stripes), Senior First Officer (three) and First Officer (two).

Designed with full crew participation, the brief was for it to be a quality, comfortable, user-friendly outfit to better reflect the airline’s forward looking image than the previous somewhat dated look.  Flybe worked closely with PVM, another Exeter-based business which has been supplying the airline with uniforms for over 10 years, to design and source the new uniform.

The updated look was given its first proud airing at the home ground of the Exeter Chiefs rugby team and current English Premiership champions, of which Flybe is a long-standing sponsor.  One of Flybe’s Exeter-based Senior First Officers pitched in and took flight in a line-out taken with three Chiefs’ players, England International Thomas Waldrom, Scotland International Moray Low and second row player Jonny Hill.

Copyright Photo (all others by Flybe): Flybe (British European 2nd) Bombardier DHC-8-402 (Q400) G-JEDU (msn 4089) AMS (Tony Storck). Image: 938065.

Flybe aircraft slide show:

 

Flybe starts a new advertising slogan

Flybe (British European 2nd) Bombardier DHC-8-402 (Q400) G-PRPC (msn 4338) GCI (Nick Dean). Image: 940456.

Flybe (Exeter) has unveiled a new advertising slogan this month – “Close to you”.

The airline introduced the new slogan to emphasize its local routes.

Flybe is Europe’s largest regional airlines and operates more UK domestic routes than any other carrier.

Copyright Photo: Flybe (British European 2nd) Bombardier DHC-8-402 (Q400) G-PRPC (msn 4338) GCI (Nick Dean). Image: 940456.

Flybe aircraft slide show: