Going up or down ?
As the original thread was cancelled today (and with the large swings in the share price) i thought we needed another one

I was reading the average age of the fleet is 9.9 yrs (Virgin's average fleet age is 9.7yrs)but there are some very old craft in the list of their fleet. There is two or three 20 yr old aircraft. Mind you not as old as the early 60's bac 1'11s s of the then British world flying out of Stansted in the 90's.


http://www.planespotters.net/Airline/Flybe#AirlineFleetList

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

By Bruce Drum on January 30, 2015


http://worldairlinenews.com/2015/01/30/the-sale-of-flybe-nordics-60-share-formerly-held-by-flybe-is-approved/

bulls of FLYB would do well to read today's ST wherein they'll find a lengthy article with nothing positive to say

edited by MoneyAM

Just read that myself ,you'll be keeping that short open then .

would post the article if i knew how

Doesn't Murdoch allow C&P then Alf?

Membership fee first :-))

Yes I know D/C but surely Alf has one as thats how he can tell us about the article?

I take it he has the newspaper and not a subscription to online. Only guessing Stan.
As you can tell, I'm no computer expert. Perhaps it can be scanned and copied and pasted?

Oh I see, yes I forgot I suppose yet another payment demanded for the online version.

you're right; ST is subscribe only on-line and as i get the real thing .....

at least no one has accused me of making up a story :-)
however, if you're a holder, i would strongly recommend that you acquire a viewing of the article - from your local library perhaps? - and then you can make up your own mind

edited by MoneyAM

Correct Jack, call me cynical but it doesn't take a brain surgeon to work out that if you yourself are short on a stock you will find the means to de-ramp it. Especially if you are receiving e-mails from a certain banned poster who is de-ramping the shit out of it across the road. :0)

Chris , i read the article too by buying the paper and it doesn't make good reading for Flybe .

jack - if i could have, i would have, but at lest i told you where to look

chris - you should know better! ..... you might wind-up sticky, but you'll have little or no joy with me

=========

in fact, cyril looked as though he might have access to ST on line on the AFR thread, so i sked him if he could c+p

:0)

Jet that is dragging Flybe into the red

A fleet of unused aircraft is weighing down the regional airline as it struggles to stay aloft

John Collingridge Published: 1 February 2015

A fleet of nine unused Embraer 195 jets is costing the airline £26m a year

Hidden from view at Exeter and Newquay airports, a £26m headache codenamed Project Blackbird is gathering dust in the hangars. Since last April a fleet of nine Embraer 195 jets bearing the white and pale blue livery recently discarded by British regional airline Flybe has been housed there.

Last March the carrier, led by former easyJet chief commercial officer Saad Hammad, took the drastic decision to ground the 195s. The 118-seaters, bought only seven years earlier, were now surplus to requirements.

Since then the idle Embraers have been burning a hole in Flybe’s fragile finances. Keeping the planes airworthy and paying their leases while forgoing passenger revenues costs Flybe £26m a year.

Hammad and his team are desperately trying to wriggle out of the long-term leases and pass the aircraft on to other operators, but this is taking longer than they — or the City — expected.

Project Blackbird is just one.............................

More of the article at: http://www.thesundaytimes.co.uk/sto/business/Companies/article1513451.ece

(but it will cost you £1 to read the rest of it.)

many thanks EL ......

no doubt some of our advfn brethren who lurk here will have already seen and perhaps posted the whole there .... in which case, one of them may care to c+p from there to here as there are clearly a number of pikeys who are too tight to buy a copy of ST for themselves

hidden within that article was a little sentence ......
"Hammad, who turned down down requests for an interview...... "