www.flybe.com

lol

Tonight? :-)

Moving nicely today.

Cruising.

Full throttle now ... breakout ?

New one year high.

Placing of £150mill.

They buying something or just skint ?

FLYING TODAY.

have they been tipped by Shares mag or the IC?.

Its Thursday..

Why what day do the mags come out mitzy?.

Used to be thu shares mag
fri IC.

Anyway going for the recent high.

Very nice.

Isn't it deadline day for the upen offer today ?

dunno....who cares.

As long as it keeps rising.

Tuesday 25 March, 2014
Flybe Group Plc
Franchising Agreement with Stobart Air
RNS Number : 0843D
Flybe Group PLC
25 March 2014


FLYBE GROUP PLC
('Flybe' or 'the Group')

Franchise agreement with Stobart Air serving new routes into London Southend Airport

Flybe announces that it has reached agreement with Stobart Air, a Stobart Group business, for a five year franchising agreement at London Southend Airport.

Under this new agreement, Stobart Air (formerly Aer Arann) will operate new routes from London Southend Airport in partnership with Flybe. Flybe has proven experience as a franchisor, most notably with Loganair who have 17 aircraft operating in Flybe colours.

The franchise operation will commence on 5th June with two 72 seat ATR aircraft in Flybe livery. Tickets go on sale via Flybe.com on 3rd April to a mix of destinations in Benelux and Northern Europe.

It is estimated that passenger numbers on the six routes will increase to approximately 200,000 per annum in 2015.

The franchise agreement has been structured to accommodate additional aircraft and routes if required.

Saad Hammad, Chief Executive Officer of Flybe, said:

"We are delighted to be extending the Flybe brand further into the South-East. Today's news is also further evidence of our commitment to providing true regional connectivity across the UK and we look forward to unveiling a major programme of new base and route development over the coming months."

Andrew Tinkler, Chief Executive of Stobart Group, said:

"This agreement represents an exciting expansion of our relationship with Flybe. London Southend Airport is an ideal access point for Flybe customers travelling to and from London and the South East and we look forward to welcoming them."

ENDS

25 March 2014

BRIEF-Flybe, Stobart sign 5-year deal for flights from London Southend airport

25 Mar 2014 - 07:14
March 25 (Reuters) – Flybe Group Plc :
Franchise agreement with Stobart Air serving new routes into London Southend airport
Stobart Air (formerly Aer Arann) will operate new routes from London Southend airport in partnership with Flybe
Franchise operation will commence on June 5 to destinations in Benelux and Northern Europe
Source text for Eikon: [ID:nRSY0843Da] [ID:nRSY0562Da] Further company coverage: [FLYB.L]
(London Equities Newsroom; +44 20 7542 7717)
Keywords: FLYBEGROUP/BRIEF

Good rise and breakout.

EXCELENT UPDATE AND ON TRACK......

BRIEF-Flybe fourth quarter trading in line with expectations

04 Apr 2014 - 07:10
LONDON, April 4 (Reuters) –
Performed in line with expectations through final quarter of year ended 31 march 2014
Passenger volumes grew 6% year- on-year to 1.6m
Total cash at year end was £218m
Source text for Eikon: [nRSD0553Ea] Further company coverage: [FLYB.L]
(London Equities Newsroom; +44 20 7542 7717)
Keywords: FLYBEGROUP/BRIEF

Flybe soars on turnaround

A trading update from regional airline Flybe (FLYB) has been welcomed by the markets which have been watching the Exeter-based carrier’s self-help strategy with interest. Shares in the £306 million cap are up 4% at 146.8p on the announcement. Over the past year, they’ve ascended 217% as the group takes tough decisions needed to transform its fortunes.
Despite the large gains, it’s worth bearing in mind that Flybe’s share price is still some 18% lower than three years ago and considerably below its 295p flotation price in December 2010.
We highlighted the stock earlier this year as a potential takeover target.



The 4 April trading update, ahead of full-year results on 11 June, reveal 6% growth in passenger volumes to 1.6 million in the fourth quarter despite a 4% reduction in capacity. Load factors increased to 70% in the period which Flybe attributes to its competitive pricing strategy. Higher passenger volumes more than offset lower yields, leading to a 4% increase in passenger revenue per seat to £49.80.
Forward sales are also looking encouraging with 20% of Summer 2014 seat capacity sold at 31 March 2014, compared with 17% at 31 March 2013.
Encouragingly, the eight new routes launched in February from Birmingham, have exceeded expectations with 30% of Summer 2014 seat capacity already sold. Flybe now offers 126 Summer routes and 2,600 flights a week across the UK and Europe.
While the figures continue to improve, Flybe’s Turnaround Plan (unveiled in January and May 2013) and its Immediate Actions initiative (launched in November 2013) are ticking over nicely and delivery of phases 1 and 2 of these plans remains on track. In the 2013/14 year, a total of £47 million was delivered in savings with a further £71 million expected to be delivered in cost-cutting in the 2014/2015 year.
When the group reports in June investors will be keen to see how Flybe’s brand relaunch, which was unveiled this month, is playing with customers. Initatives include a new strapline (‘The fastest way from A to Flybe’) as well as a new marketing and TV advertising campaign and what the airline is describing as a ‘a world-first 60:60 On Time Guarantee.’ This promises passengers that if a flight
arrives more than 60 minutes late at its destination due to a delay within Flybe’s control, they will qualify for a £60 voucher towards their next flight if they book it within 60 days.

Date: 04-04-2014 12:50

Bought in earlier following the RNS yesterday.

London City Airport Expansion
RNS
RNS Number : 2943F
Flybe Group PLC
23 April 2014







Flybe Group plc

("Flybe" or "the Group")



Flybe announceS MAJOR EXPANSION WITH five year deal at London City Airport



· Routes to/from London City to provide UK regions and Ireland with direct access to the Capital

· New routes from/to Edinburgh, Belfast, Dublin, Inverness and Exeter to commence 27 October 2014, on sale now



In a major expansion that will see the airline significantly boost connectivity between the UK regions and Ireland to and from London, Flybe is delighted to announce that it has signed a five-year agreement with London City Airport (LCY) to commence domestic and international operations to/from London City with effect from 27 October 2014. Routes are on sale immediately.



Flybe will deploy five growth aircraft for its LCY operation. The aircraft will be based at three of its regional bases, and are expected to fly up to circa 500,000 passengers annually on a schedule that will see four times daily services from/to Edinburgh and Dublin, three times daily services from/to Belfast and Exeter and twice daily from/to Inverness.



These new Flybe routes will boost connectivity from the UK regions to London, providing direct links for customers in the regions to the heart of London's financial district. Flybe expects the new routes will also appeal to a significant number of City and Canary Wharf-based passengers who need to access the UK regions and neighbouring European destinations quickly and efficiently. For these customers whose travel plans are time-critical, Flybe's new services from LCY will prove especially convenient, being significantly faster overall than travelling via Heathrow or Gatwick, or travelling by road or rail. Routes to Edinburgh and Dublin are expected to be in particular demand.



Regional core services within the UK and from/to Ireland will be supplemented with off-peak leisure flights to selected Ski, Regional French and Northern Spanish destinations. More information about these routes will be announced in the coming weeks. Flights between LCY and Edinburgh, Belfast City, Dublin, Inverness and Exeter are now on sale at www.flybe.com



The agreement with LCY follows on from Flybe's successful launch of eight new routes from Birmingham and a further four new routes launched from London Southend with franchise partner, Stobart Air. It is also a major step forward in meeting the Group's stated strategic objective to expand its branded scheduled commercial operation by developing new routes and bases within the UK following its successful fund raise of £150 million last month.



Saad Hammad, Chief Executive Officer, Flybe, commented:



"Today's announcement is a significant landmark in the re-birth of Flybe. We are delighted to re-enter the London market at London's most convenient airport following a rigorous profitability analysis utilising our strict route assessment model.



"Dedicating five growth aircraft initially to these new routes is a major statement of intent and we look forward to building a successful and growing presence there over the coming years.



"Flybe is today already connecting over 7 million passengers a year across the UK and Europe. With a major London connection, we reaffirm our place as the UK's largest regional airline."



Declan Collier, Chief Executive Officer, London City Airport, confirmed the importance of the arrival of Flybe at the airport:



"London City Airport (LCY) is poised for significant growth in the next ten years - growth that will see it achieve 120,000 flight movements per annum, with an associated 6 million passengers by 2023.



"Today's announcement is an extremely important step on that journey - Flybe will bring an immediate uplift of up to half a million new passengers to the airport. In addition, Flybe's selection of routes serves to cement further LCY's status as the business traveller's airport of choice, underpinned by our 'location, convenience and speed' customer propositions.



"We look forward to a long and successful partnership."



23 April 2014

From the Daily Telegraph:

Flybe, the UK regional airline which recently raised £150m to fund a “rebirth”, is staging a significant return to the London market, announcing five routes out of City Airport from October.
The airline is targeting business travellers with fares starting from £34.99 one-way to destinations including Belfast, Dublin, Edinburgh, Exeter and Inverness.
The move, which will see Flybe compete with much bigger rivals including British Airways on key business routes such as London-to-Edinburgh, comes after the embattled regional airline practically withdrew from the UK capital last year when it announced the sale of 25 Gatwick take-off and landing slots to easyJet for £20m.
Flybe’s new chief executive Saad Hammad, who was parachuted in last August to turn the company around, has maintained flights from Gatwick to Newquay in Cornwall, while the carrier will also start operating from Southend in Essex this summer, but he said the expansion at City Airport represents a “big return to London”. “It’s a statement of intent,” Mr Hammad said.
Mr Hammad insisted Flybe’s 78-seater Bombardier turboprop aircraft would allow the airline to compete effectively on the routes. The carrier had developed into one of the highest unit cost carriers in the world but Mr Hammad has been pushing through an aggressive turnaround and cost-cutting strategy, which has involved the loss of 450 jobs.

“At this airport we are going to have a viable cost base,” Mr Hammad reassured.
The new routes will start in October under a five-year agreement with City Airport and Flybe claims that they will be “significantly faster overall” than travelling via Heathrow and Gatwick, or by road and rail.
Gerald Khoo, airlines analyst at Liberum, pointed out the routes represent the first deployment of Flybe’s recent £150m fundraising, designed to strengthen its balance sheet and fuel profitable growth.
Shares in Flybe rose in early trading on Wednesday although the group’s share price remains well below its 2010 flotation price of 295p a share.