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BEE-2009-02-REGIONAL AIRLINE OF THE YEAR
BEE-2011-07-FLYBE NORDIC JV
BEE-2011-11 - MANCHESTER ROUTE
BEE-2013-01 - RESTRUCTURE PLAN
BEE-2013-04 - UPDATE
BEE-2013-05 - FLYBE LEAVES GATWICK
BEE-2014-04-LONDON CITY AIRPORT
BEE-2014-06-NEW PURPLE LIVERY
BEE-2015-05 - Southampton - Milan MXD.jpg
BEE-2015-11 - Doncaster Sheffield Airport.jpg
BEE-FLIGHT CREW TRAINING - 2011-10
Formed and started operations in 1979 from the foundation of "Intra Airways," but was taken over in 1983 by the Walkersteel Group, already the parent company of Blackpool-based, charter airline "Spacegrand Aviation." The 2 airlines were initially run separately with partially shared management, until their amalgamation within the Walker Aviation Group in 1985, under the name of "Jersey European Airways." Domestic & regional, scheduled & charter, passenger & cargo, jet airplane services.
Jack Walker House, Hangar 3,
Exeter International Airport
Exeter, Devon EX5 2HL, England, UK
Great Britain (United Kingdom of Great Britain & Northern Ireland) was established in 1066, it covers an area of 242,432 sq km, its population is 59 million, its capital city is London and its official language is English.
June 2000: Changed brand name from "Jersey European Airways" to just "British European."
July 2002: Launches new low-fare but full-service operation, and changes name from "British European" to "FlyBe (BEE)."
September 2004: Awarded a Liverpool, Norwich to Jersey scheduled license, effective February 2005.
October 2004: Will deploy its 1st ever 737-300, 150 passenger (PAX), on 7 new European routes from Birmingham International Airport to Alicante, Malaga, Murcia, Faro, Palma de Mallorca, Almeria, & Geneva. Flights to Spain & Portugal will begin in March 2005. Will lease another 3 737-300's over the next 24 months.
In January 2005, Birmingham to Chambery (weekly). In March 2005, Southampton to Brest, Cherbourg (5x-weekly). Birmingham to Brest (4x-weekly). Exeter to Brest (4x-weekly).
2003 = +25% passengers. Projects Fiscal Year (FY) 2004 = +3.1 million pounds/+$5.7 million.
Dash 8-402 (4095, G-JECF), delivery.
November 2004: 1,506 employees.
In March 2005, Birmingham to Alicante, Malaga, Murcia; to Faro, Palmade Mallorca; to Almeria. Exeter to Paris (CDG) (2x-daily). Later in 2005, Birmingham to Geneva.
6 months ending September 2004, Pre-tax = +14 million Pounds/$25.9 million (-3.1 million P) (+352%): 2.2 million passengers (PAX) (+24%). Fiscal Year (FY) 2003 = +2.9 million Pounds (+302,000 Pounds): 3.6 million passengers (PAX) (+28.3%).
Dash 8-402 (4096, G-JECG) NTU.
December 2004: In March 2005 will open a base at Norwich. In March 2005, Norwich to Belfast (City), Edinburgh, Southampton to Limoges (4x-weekly). Belfast (City) to Aberdeen (weekdays). Birmingham to La Rochelle (5x-weekly). Exeter to Palma de Mallorca. In May 2005, Birmingham to Bergerac (5x-weekly), Norwich to Jersey. Southampton to Leeds/Bradford, Rennes. Southampton to Bordeaux, Liverpool. In June 2005, Exeter to Leeds/Bradford, Liverpool, Norwich to Glasgow.
January 2005: Dash 8-Q402 (4098) delivery.
March 2005: 737-36N (CFM56-3) (28572, /98), ex-Astraeus (AUA), (GECAS) (GEF) leased. 737-33A (25011), ex-Aegean (CRM), Astraeus (AUA) wet-leased.
April 2005: Dash 8-Q402 (4103, G-JCEH), delivery.
May 2005: 737-33A (25119, G-STRJ), Astraeus (AUA) leased.
June 2005: $950 million, 14/12 orders Embraer E195's (CF34). These are intended to replace the B Ae 146's.
Dash 8-402 (4105, G-JECI), delivery. 2 Dash 8-Q311's (534; 548) returned.
September 2005: Ian Johnson was selected as its new Director of Information Systems (IS) & Technology.
October 2005: Flybe (BEE) will inaugurate nonstop service from Manchester to Belfast on January 9th. (BEE) will operate 3x-daily increasing to 4x- in February. (BEE) will discontinue service from Belfast to Norwich on January 8th. (BEE) launched this route in February but is not satisfied with ticket sales.
November 2005: Flybe (BEE) will discontinue service from Exeter to Liverpool on February 15th. (BEE) currently operates a daily flight using a Dash 8-Q400.
(GE) Commercial Aviation Training installed an Embraer E170/E195 simulator at its London Gatwick training center and said that (BEE) will be the 1st customer under a letter of intent covering initial conversion and recurrent training on the E170/E195.
Aircraft Leasing & Management (ALM) has been mandated by FlyBE (BEE) to re-market 7 BAe 146s for sale/leaseback or outright sale. Eventual disposal of the airplanes is part of the (BEE)'s effort to replace its entire BAe 146 fleet with Embraer E195s. (ALM) will advise (BEE) on its 195 acquisitions.
December 2005: Flybe (BEE) has announced 7 new routes from the 2006 summer season as follows:
Exeter to Bergerac = 5x-weekly from April 9th.
Leeds to Bergerac = weekly from May 27th.
Norwich to Bordeaux = 3x-weekly from May 25th.
Norwich to Exeter = 7x-weekly from May 25th.
Southampton to Angers = 3x-weekly from May 23rd.
Southampton to Avignon = 3x-weekly from May 25th.
Southampton to Faro = 3x-weekly from March 28th.
(BEE) Chairman & (CEO) Jim French said the group expects to post an operating profit of about +£10 million/+$17.7 million, its 1st in 5 years, for the year ended March 2005, compared to an operating loss of -£9.8 million in the previous year. Pre-tax profit should come in at +£8 million, up from + £2.9 million. (BEE) appointed Dresdner Kleinwort Wasserstein as Financial Advisor to lead a possible Initial Public Offering (IPO) late next year or in 2007, the "Financial Times" reported. (BEE) is 81% owned by Jersey-incorporated Rosedale (JW) Investments, 1 of the family trusts established to oversee the estate of the late Jack Walker. French holds a 9% stake, while 10% has been allocated to an employee ownership trust.
(BEE) will begin charging up to £4/$7.09 per checked bag as part of its Fair Deal on Baggage plan. (BEE) said it restructured its handling costs to relieve the burden from the estimated 45% of its passengers who do not check luggage, correcting what it called a "historical inequity." Those who do not check bags will save £1 off their tickets, while those who pre-book their baggage will pay £2 per piece. The weight allowance on carry on baggage will be doubled to 10 kg and the limit on checked bags will be increased to 25 kg, which (BEE) said will be the highest in the low-fare market. Economy Plus passengers will be exempt from the surcharge for checked bags weighing up to 30 kg. The regulations take effect in early February.
The incentive to pre-book checked baggage will allow the carrier to "handle flights with exactly the right levels of resource," which will "speed up turnaround times, reduce costs and provide us with much greater operational flexibility," according to Chairman & (CEO) Jim French. The savings will be "ploughed back into the airline, further reducing fares for consumers over the next few years."
The plan is designed to be revenue neutral for the "average customer." (BEE) said it expects the number of passengers checking luggage to drop to 50% when the pricing takes effect. "We are confident that other airlines will follow our lead," French said.
January 2006: FlyBE (BEE) will inaugurate nonstop service from Southampton to Cherbourg on May 24th with 3x-weekly.
Parent organization/shareholders: Rosedale Aviation Holdings (82%); & Employee Share Scheme (18%).
Ryanair (RYR) said it will begin charging for checked baggage but that a -9% across-the-board fare reduction will offset the new fee for many customers who avail themselves of the ability to check in for their flights online. Although (BEE) long has talked about charging passengers to check luggage, (BEE) beat it to the punch last month.
2 Dash 8-402's (4113, G-JECK; 4114, G-JECL), deliveries.
March 2006: Flybe (BEE) will not inaugurate nonstop service from Norwich to Aberdeen on March 16th as previously announced, however, on March 17th, (BEE) will double the frequency of flights from Aberdeen to Edinburgh to 2x-daily. (BEE) is increasing its presence at Norwich International, one year after its started operating at the East Anglia airport. (BEE) will launch a nonstop daily flight to Paris-(CDG) and a 2x-daily route to Manchester on May 25, using a Dash 8-Q400, bringing the total number of routes it operates from Norwich to 16. (BEE) will inaugurate nonstop service from Norwich to Edinburgh on May 25th. (BEE) will operate 12x-weekly, 2x- on weekdays and 1x- on weekends. The new routes will add +67,000 seats, taking (BEE)'s total seat capacity at Norwich to 486,000 seats and consolidating its position as the airport's largest scheduled carrier
April 2006: Flybe (BEE) reversed its financial fortunes in the fiscal year ended March 31, 2005, posting a profit before tax and exchange rate gains of +£6.6 million/+$11.5 million compared to a Fiscal Year (FY) 2004 loss of -£3.2 million. The result fell short of Chairman & (CEO) Jim French's December projection of a +£8 million pre-tax surplus. Passenger numbers increased +19.2% to 4.03 million as the carrier introduced 29 new routes. Also, it announced the appointment of Charles Scott (Audit Committee), David Longbottom (Remuneration Committee), Peter Smith (Safety Committee) and Alan Smith as non-executive directors.
Dash 8-Q402 (4118, G-JECM), delivery.
June 2006: FlyBE (BEE) will launch service to 13 new destinations in Germany, the Netherlands, Ireland and the UK for its winter schedule. "This is one of our most important new schedule announcements to date, demonstrating our aggressive expansion policy in the UK and across Europe," Marketing & Commercial Director Mike Rutter commented. New routes include Amsterdam, Hannover and Dusseldorf from Southampton as well Amsterdam, Aberdeen and Salzburg from Exeter. (BEE) also will commence daily Norwich - Amsterdam and Leeds Bradford - Aberdeen service October 29. From Birmingham, it will offer a daily to Hannover, a 3x-weekly to Aberdeen, and flights to Galway, while from Doncaster, it will start service to Belfast. It also will connect Belfast with Galway on a daily basis.
(BEE) will inaugurate nonstop service from Southampton to Dusseldorf and Hannover on October 29th. Dusseldorf will get 2x-daily, Hannover 1. (BEE) will inaugurate nonstop service from Southampton to Amsterdam on September 11th with 2x-daily (weekdays) and daily on weekends. (BEE) will inaugurate nonstop service from Exeter to Aberdeen on October 29th with a daily flight. (BEE) will inaugurate nonstop service from Exeter to Amsterdam on October 29th and operate a daily flight. (BEE) will inaugurate nonstop service from Exeter to Salzburg on December 16th with weekly flights.
(BEE) has become the 1st low-cost carrier (LCC) to offer online check-in for passengers with hold luggage, following the launch of its "Q-Buster" facility. The service is currently available on 101 of its routes but will be extended throughout its network later this year.
July 2006: Vistair launched SafetyNet, a Web-based air safety and incident reporting system for airline personnel. It was developed initially for Ryanair (RYR) and since has been adopted by FlyBE (BEE).
The Embraer E195 received certification from the National Civil Aviation Agency of Brazil, paving the way for delivery of the 1st airplane to launch customer (BEE) later this summer. Certification by the European Aviation Safety Agency is expected to follow shortly. The airplane, which can be configured for 108 - 118 seats, is the largest member of Embraer's E170/E190 family. In addition to (BEE)'s order for 14, Royal Jordanian (RJA) and Swiss International Air Lines (CSR) have placed firm orders.
Dash 8-402 (4126, G-JECO), delivery.
August 2006: Flybe (BEE) will increase its Southampton - Glasgow service to 6x-daily from 4 and deploy Embraer E195s on the route, boosting capacity +75%. (BEE) also will add a 7th daily Birmingham - Belfast service and raise capacity on that route by +25%. (BEE) said "BA Connect" is discontinuing the route on August 21.
September 2006: FlyBe (BEE) is one of Europe's largest independent regional airlines operating a network embracing 18 domestic and 13 international destinations.
1,638 employees (including 286 Flight Crew (FC), 369 Cabin Attendants (CA), & 505 Maintenance Technicians (MT)).
Parent organization/shareholders: Rosedale Aviation Holdings (82%); James French; & Orbis Trustees.
Alliances: Continental Airlines (CAL); & ScotAirways.
Main Base: Exeter International Airport (EXT). SITA: EXTAPJY.
Hubs: Belfast City airport (BHD); Birmingham International airport (BHX); & Southampton International airport (SOU).
Domestic, Scheduled Destinations: Aberdeen; Belfast; Birmingham; Bristol; Edinburgh; Exeter; Glasgow; Guernsey; Isle of Man; Jersey; Leeds/Bradford; Liverpool; London; Manchester; Newcastle; Norwich; & Southampton.
International, Scheduled Destinations: Alicante; Bergerac; Berne; Bordeaux; Brest; Chambery; Dublin; Faro; Geneva; Limoges; Malaga; Murcia; Newark; Paris; Rennes; Salzburg; & Toulouse.
(BEE) will launch 4x-weekly on Tuesdays, Thursdays, Saturdays, & Sundays, using a Dash 8-Q400, Inverness - Belfast service on December 16. easyJet (EZY) will cancel its service on the route next month.
(BEE) will inaugurate nonstop service from Southampton to Galway on December 16th, operating 4x-weekly, on Tuesdays, Thursdays, Saturdays, & Sundays. (BEE) will launch 4x-weekly on Tuesdays, Thursdays, Saturdays & Sundays, Southampton - Nice service from March 25.
(BEE) took delivery of its 1st 118-seat, Embraer E195 (00029, G-FBEA - see photo) in Sao Paulo. It is the launch customer, having placed a $950 million order for 26 of the type last year. Dash 8-402 (4135, G-JECP), delivery.
November 2006: British Airways (BAB) reached an agreement in principle to sell its money-losing Regional operation, "BA Connect" to Exeter-based Flybe (BEE).
(BAB) intends to retain a 15% stake in the company, which lost -£20 million/-$38.2 million on revenue of £363 million in the most recent fiscal year. In January, (BAB) overhauled the unit, formerly known as "British Airways CitiExpress" with a new name, a single-class (Y) cabin, buy-on-board catering and reduced fares to help it compete with low-cost carriers (LCC), but it continued to lose money in the current year.
"Despite the best efforts of the entire team at "BA Connect," we do not see any prospect of profitability in its current form," (BAB) (CEO) Willie Walsh said. "Point-to-point regional operations are not a strategic part of our business, and we believe that such activities are better undertaken by a regional low-cost carrier (LCC)."
Since 2002, (BEE) has restructured and evolved as a low-fare carrier serving some 101 routes from 23 airports in the UK and an additional 36 in Europe. The acquisition will boost its routes to 159, making it the largest Regional in Europe, serving up to 10 million passengers a year. It is preparing for an Initial Public Offering (IPO) next year, and reported an operating profit of +£20.5 million/+$39.1 million for the 6 months ended September 30, compared to £12.4 million in the year-ago period.
(BEE) took delivery in September of the 1st of 14 E195s on order, which will complement its fleet of 24 Dash 8-Q400s with a further 21 on order. It expects to operate up to 82 Dash 8-Q400s and E195s by 2009 and rapidly to phase out the "BA Connect" fleet - - a mixture of around 50 B Ae 146s, Avro RJ100s, ERJ-145s, and Dash 8-Q400s.
The sale of "BA Connect" does not include operations at London City or the Manchester - New York (JFK) 767 service, which Walsh insisted are profitable. During a conference call with analysts, he said there will be no operational cooperation between (BAB) and BA Connect/(BEE), despite (BAB)'s shareholding.
December 2006: The UK announced that taxes on airline passenger tickets will double to £10/$19.80 for most flights from February 1, with duties on long-haul business class tickets doubling to £80 per ticket, as part of an effort to reduce carbon emissions.
Finance Minister Gordon Brown told the House of Commons that aviation accounts for a 5th of carbon emissions produced by transport and that the UK "must take action domestically" to increase pressure for a wider (EU) and/or international agreement on reducing aviation emissions. UK airlines roundly criticized the move, saying it would hurt carriers financially while producing little environmental benefit.
"Air passenger duty is an extremely blunt instrument that provides the treasury with extra funds for public spending without any benefit to the environment whatsoever," (BAB) said in a statement. "Further taxing hard-working families and British businesses is not the way to address climate change. This hike in air passenger duty is revenue-raising pure and simple and aviation is being treated as a cash cow."
EasyJet (EZY) CEO Andy Harrison said the new charges are "the wrong tax for the economy and the wrong tax for the environment." He complained that the duty hike "penalizes all airlines and airplanes equally" even though there are environmental impact disparities between carriers and airplane types. He added that Brown is "penalizing the traveling public (they are unlikely to forgive him)."
Flybe (BEE) (CCO) Mike Rutter said Brown was "playing political football" with the airline industry and asserted that "cleaner fuel" and more efficient airplanes and better Air Traffic Control (ATC) management are the best ways to address environmental concerns.
December 2006: Flybe (BEE) announced the following new routes from the next summer season:
Belfast to Newquay, starting May 26, 1x-weekly;
Belfast to Rennes, starting May 26, 1x-weekly;
Birmingham to Dubrovnik, starting May 1, 3x-weekly;
Birmingham to Hamburg, starting March 25, 1x-weekly;
Birmingham to Split, starting May 05, daily;
Edinburgh to Bergerac, starting May 26, 1x-weekly;
Exeter to Avignon, starting March 25, 3x-weekly;
Exeter to Nice, starting May 9, 2x-weekly;
Exeter to Rennes, starting May 8, 3x-weekly;
Glasgow to Jersey, starting April 21, 2x-weekly;
Glasgow to Manchester, starting March 25, 6x-daily;
Manchester to Brest, starting April 5, 3x-weekly;
Manchester to Glasgow, starting March 25, 6x-daily;
Manchester to Rennes, starting April 6, 4x-weekly;
Newcastle to Limoges, starting May 26, 1x-weekly;
Newquay to Belfast, starting May 26, 1x-weekly;
Southampton to Nice, starting March 25, 4x-weekly, using E195s/B AE 146s.
2 Dash 8-402s (4139, G-JECR; 4142, G-JECS) & E190 (00057, G-FBEB), deliveries.
January 2007: Dash 8-402 (4144, G-JECT) delivery.
February 2007: Dash 8-402 (4146, G-JECU) delivery.
March 2007: British Airways (BAB) completed the sale of its money-losing regional subsidiary "BA Connect" to Flybe (BEE), which said the acquisition and the planned launch of 11 new routes will make it Europe's largest regional carrier. (BEE) will take >20 routes previously operated by "BA Connect" and this spring will launch +11 new ones: Manchester to Guernsey, Bergerac, Limoges and La Rochelle; Southampton to Paris Charles de Gaulle (CDG), Isle of Man and Frankfurt; London Gatwick to Bergerac; Cardiff to (CDG); Edinburgh to Rennes, and Guernsey to Norwich.
(BAB) (CEO) Willie Wash said last fall that no money is changing hands in the transaction. In return, (BEE) will give (BAB) a 15% share of its operation, he said. "BA Connect" reported a -£20 million/-$38.9 million loss on £363 million in revenue in its most recent fiscal year, and has lost money since 2001.
(BEE)'s point-to-point business model is expected to remain intact, and it will not provide any feed to mainline (BAB) flights. It said that it plans to "phase out all of the existing "BA Connect" fleet as soon as possible, and fast-track completion of its £1.2 billion investment program in new Bombardier Dash 8-Q400 and Embraer E195 airplanes by 2009."
(CCO) Mike Rutter added that "the acquisition now enables us to build a bigger and stronger airline, which will allow us further opportunities to develop routes, encourage further business to the regions, and see us go from strength to strength. With minimal route overlap, integration will be seamless."
(BAB) said the sale reduces its ground handling at UK airports by more than >40% and it is in talks to transfer its ground operation at Aberdeen, Edinburgh, Glasgow, and Manchester to Aviance UK. It said about 730 workers will be affected by the transfer, adding that they could move to Aviance, be redeployed within (BAB) or take voluntary severance.
Starting April 16th, Southampton - Frankfurt; & - Isle of Man, using E195s. Starting April 29th, Cardiff - Paris (CDG), using E195s. Starting May 4th, Manchester - Bergerac, using Dash 8-Q400s. Starting May 12th, London Gatwick (LGW) - Bergerac, using B Ae 146s. Starting May 24th, Machester - Guernsey, using Dash 8-Q400s; & - Limoges, using B Ae 146s/Dash 8-Q400s. Starting May 26th, Edinburgh - Rennes, using E195s.
E190 (00069, G-FBEC), delivery.
April 2007: Flybe (BEE) named Group Finance Director, Andrew Knuckey as (CFO), replacing Chris Simpson.
2 Dash 8-Q402s (4148, G-JECV; 4152, G-JECW), deliveries.
May 2007: FlyBe (BEE) starts Edinburgh - Rennes, using ERJ-145s; Birmingham - Dubrovnik; Exeter - Nice; using E195s; Belfast - Newquay; - Rennes; Edinburgh - Bergerac; Exeter - Rennes; Manchester - Bergerac, - Guernsey; Newcastle - Limoges; using Dash 8-400s; London Gatwick (LGW) - Bergerac; using B Ae 146s; Manchester - La Rochelle; - Limoges; using B Ae 146s/Dash 8-400s.
(BEE) signed a deal with Bombardier for 15 Dash 8-Q400s valued at $394 million, with options for a further 15. The UK regional, which recently acquired "BA Connect" from British Airways (BAB), is the world's largest Dash 8-Q400 operator. The latest order will increase its Dash 8-Q400 fleet to 60. It also operates E195s.
(BEE) is considering a foray into continental Europe using the Bombardier Dash 8-Q400 options as part of a major new order for the type. The rapidly expanding UK carrier has also revealed that it is evaluating the Dash 8-Q400X stretch variant of the 78-seat turboprop.
The airplanes on firm order are to replace some Embraer ERJ-145s that (BEE) acquired with its purchase of "BA Connect." (BEE) Chief Commercial Officer, Mike Rutter said that the 15 additional options may be used to "press ahead with the airline's sub-strategy of overseas expansion", with the launch of operations in markets such as France, Scandinavia, and Spain.
Before the "BA Connect" acquisition, (BEE) was considering opening up to five bases in either France or Spain. In the chosen market, it was planning to station up to 20 airplanes for deployment on mainly domestic routes. "I think that we wouldn't be seeking to stay with one [country]," said Rutter. "Our plan would be to initially do one, but then to add one per year after that. If you look at what EasyJet (EZY) and Ryanair (RYR) have done, it's no more aggressive than that."
Another option for the carrier is further expansion in the UK market, although Rutter said that such a move would require a "structural change" such as the freeing of a carrier's slot portfolio.
Rutter says that (BEE) will take a decision on the offshoot operations around 2009 - 2010, firming the options around the same time. "At the end of this, we will have a fleet which will be in the region of 71 or 72 Dash 8-Q400s and 16 to 20 Embraer E195s." Meanwhile, Rutter said (BEE) has had talks with Bombardier (BMB) about the Dash 8-Q400X, adding that "the concept of a 90-seat version of the Dash 8-Q400 is appealing".
(BEE) is aiming to phase out its Bombardier Dash 8-Q300s, BAe 146s and ERJ-145s, leaving it with an E195 and Dash 8-Q400 fleet by the 2nd quarter of 2009.
June 2007: Flybe (BEE) is looking to differentiate itself from airlines offering only a carbon offset program, with a new "ecolabel" system that grades the environmental impact of each flight based on emissions, noise level and fuel use. The ratings will be available to each passenger on every (BEE) flight. (BEE) said it believes customers can be swayed to travel with eco-friendly companies. Newer airplanes like the Dash 8-Q400 or E195 receive marks in the A/B range while older BAe 146s, which will be replaced next year, receive a D, (BEE) (CCO) Mike Rutter said. (BEE) also participates in a carbon offset program. Over the past several years, it has invested some $2 billion to ensure it operates a low-emission, fuel-efficient fleet, Rutter said at the Paris Air Show, adding that a recent UK survey revealed that some 22% of travelers would take environmental issues into account when selecting an airline.
July 2007: E190-100 IGW (00093, G-FBEE), delivery.
September 2007: Flybe (BEE) will increase Newcastle - Jersey service to 4x-weekly, from weekly, from March 28.
E190 (0104, G-FBEF) delivery.
November 2007: Flybe (BEE) released select financial data for the fiscal year ended March 31, including a pre-tax profit figure of +£4.7 million/+$9.7 million that represents a reversal from the -£12.2 million loss suffered in the previous year. In addition, (BEE) said it "confirms the successful operational integration of the "BA Connect" business," which Chairman Jim French claimed "was a remarkable achievement." He added, "The importance of the acquisition of "BA Connect" cannot be overstated. (BEE) is now a much stronger business with good cash reserves, a more balanced network and a significantly reduced risk profile."
Full-year revenue rose +16.6% to £355 million, as (BEE) carried 5 million passengers. Ancillary revenue soared +63%. (BEE) said revenue for the current fiscal year has climbed +50% year-over-year, and it expects to transport 7 million passengers in Fiscal Year (FY) 2008.
Regarding "BA Connect," (BEE) said it is "on target" to deliver the £40 million in promised synergies, and that it has "successfully converted "BA Connect" passengers to (BEE)'s high ancillary revenue sales model." It has sold all of "BA Connect"'s ERJ-145s and has made "significant progress" in disposing of its remaining B Ae 146s.
(BEE) released its summer (March 30 to October 25) schedule. New routes include Aberdeen to Exeter (daily from May 8), Jersey (tba), and Southampton (daily from March 30); Belfast City to Paris Charles de Gaulle (CDG) (daily from March 30); Birmingham to Inverness (daily from March 30), and Newquay (3x-weekly from April 1); Cardiff to Edinburgh (3x-daily from March 30), Glasgow International (GLA) (2x-daily from March 30), and Newcastle (daily from March 30); Doncaster/Sheffield to Jersey (TBA) Edinburgh to Rennes (weekly from May 3); Exeter to Brussels (6x-weekly from May 8), Dubrovnik (weekly from May 4), and Inverness (daily from May 8); (GLA) to La Rochelle (weekly from May 24), Newquay (3x-weekly from April 1) and (CDG) (2x-daily from March 30); Inverness to Manchester (2x-daily from May 8) and Southampton (daily from May 8); Liverpool to Isle of Man (3x-daily from March 30), and Southampton to Newquay (daily from March 30).
Dash 8-Q402 (4179, G-JECZ) and E190s (0120, G-FBEG; 0128, G-FBEH), deliveries.
December 2007: Dash 8-402 (4180, G-ECOA), delivery.
January 2008: Flybe (BEE) announced a franchise agreement with Scotland's Loganair that will take effect, when the latter's run as a British Airways (BAB) franchisee ends on October 25. (BEE) said the deal, which it claimed is the "1st of its kind ever for a low-cost carrier," will see Loganair operating in (BEE) livery from October 26. Loganair is based at Glasgow International and operates 13 Saab 340s, 2 Twin Otters and 5 BN Islanders.
(BEE) will launch 3x-daily, London Gatwick - Aberdeen service on March 30.
Amadeus reached agreement with (BEE) to expand fare content, enabling agents to gain access to full content. (BEE)'s route network is now 70% domestic UK, 20% European business, and 10% European leisure destinations.
Dash 8-402 (4185, G-ECOB) and E190 (0143, G-FBEI), deliveries.
February 2008: Flybe (BEE) will operate 2x-weekly, Doncaster Sheffield - Jersey, from May 3.
Singapore Technologies Engineering said (BEE) awarded ST Aerospace Solutions a $160 million component maintenance support and management deal for Dash 8 airplanes. Agreement includes additional airplanes and a contract extension until 2016.
March 2008: Flybe (BEE) will launch 3x-weekly, Dublin - Guernsey on June 7.
Dash 8-402 (4197, G-ECOC), delivery.
April 2008: For details regarding Flybe (BEE) France operations, see attached - - "BEE-FRANCE-OPS-2008-04."
Dashy 8-Q402 (4201, G-KKEV), and EMB-190 (0168, G-FBEK), deliveries.
June 2008: (ARINC) and Flybe (BEE) selected (IER) to supply >100 (IER) 918 self-service check-in kiosks for installation at 22 airports in the UK and Europe. (IER) 918s feature passport and barcode readers and general purpose printers to enhance pre-departure services.
(BEE) reported pre-tax profit of +£12.2 million/+$21.5 million for the fiscal 1st quarter ended June 30, a +14% rise from the +£10.7 million, earned in the year-ago period, as revenue increased +13.7% from £136 million to £155 million on a +18% growth in passengers to 2 million.
For the financial year ended March 31, the UK's largest regional carrier, which acquired "BA Connect" from British Airways (BAB) in March 2007, reported a net profit of +£39.6 million, reversing a loss of -£19.9 million in the prior year. Full-year revenue rose +45.8% to +£535.9 million, largely as a result of the "BA Connect" acquisition. Expenses were up +39.6% to £436.7 million and operating profit after net exceptional, integration and restructuring costs was +£30.8 million compared to +£5.1 million last year. Passenger numbers surged +34.6% to 7 million. "(BEE) became one of Europe's largest regional airlines in 2007 to 2008, in what was a transformational year for the business as we successfully integrated and realized the benefits of the acquisition of "BA Connect," Chairman & CEO, Jim French said. "With current fuel costs at 24% of total costs, (BEE)'s fuel costs represent one of the lowest percentage burdens in the industry," he added, noting that the carrier is continuing to perform strongly in the current difficult environment, because it has "one of the most fuel-efficient fleets and a passenger base, that is less dependent upon discretionary leisure spend."
French said (BEE) has "a major opportunity to maximize the opportunities that will surely come as the industry enters a period of consolidation." (BAB) holds a 15% stake in the carrier, but according to the "Financial Times," is aiming to sell the share as part of an eventual Initial Public Offering (IPO) of the regional. (BEE) currently operates more than >190 routes, serving 12 countries from 34 UK and 33 European airports.
September 2008: FlyBe (BEE), now with annual revenues exceeding $1b, recorded a pretax profit of $24 million for the April - to - June quarter, up +14%, despite all the industry turmoil. The UK carrier also detailed its earnings for the latest April - to - March fiscal year, which reached +$70 million, or +$75 million, less special items. A lot seems to be going right at (BEE), which finds itself benefiting enormously from its fuel efficient fleet of DHC-8-Q400s and EMB-195s. Fuel accounted for less than <25% of total costs last fiscal year, while total cost per seat fell -3%. All 50-seat ERJs were obtained from "BA Connect," meanwhile, will be gone by October 2009, at which point, (BEE) will have 60 DHC-8-Q400s and 14 EMB-190s. On the revenue side, (BEE) grew ancillary revenue per passenger +30%, and hopes to get a boost when Loganair, based in Scotland, begins flying under (BEE)’s brand, as a franchise partner next month. CEO, Jim French did tell "Bloomberg News" that revenue per passenger is currently down -2% to -3%, but worries less about yield pressure than others, because less than -20% of traffic is “pure leisure.” Business traffic, by contrast, accounts for 45% of traffic, boosted by offerings like Global Distribution System (GDS) distribution, corporate contracts, flexible fares, airport lounge access and a frequent flier program. French says he’s now on the lookout for opportunities to expand in continental Europe and Acquire more regional airlines. An initial public offering (IPO), however, seems to be on hold for now.
Travelport Global Distribution System (GDS) launched a free tool to help agents manage checked baggage on (BEE) flights booked via its Galileo (GDS).
(BEE) Aviation Services reached an agreement with Embraer to become an authorized service center for ERJ-145s and EMB-Jets. The five-year contract calls for (BEE), which operates the ERJ-145, EMB-195 and DHC-8-Q400 and is one of Europe's largest low-cost regional operators, to provide Maintenance Repair & Overhaul (MRO) from its Exeter base. It will have access to Embraer's structure-specific repair solutions and database, and will be able to handle airframe and warranty issues for Embraer customers.
October 2008: On October 26th FlyBe (BEE) flew its last B Ae 146 service. These airplanes have been replaced by Bombardier DHC-8-Q400s on the London Gatwick - Guernsey route. The final flight was B Ae 146-300 (G-JEBA), from the Channel Islands to its Exeter base.
November 2008: Kilfrost said Flybe (BEE) selected its deicing fluid DFsustain featuring an eco-friendly Susterra Propanediol glycol capable of handling temperatures to -40 degrees C.
December 2008: DHC-8-402 (4233, G-ECOM), delivery.
January 2009: Flybe (BEE) will launch thrice-weekly, London Luton - Jersey flights on March 29, rising to four-times-weekly, May 23 - September 19.
3 DHC-8-402s (4229, G-ECOJ; 4230, G-ECOK; 4237, G-ECOO), deliveries.
February 2009: Flybe (BEE) Chairman & CEO, Jim French, who received the Air Transport World (ATW) "Regional Airline of the Year" Award, paid tribute to (BEE)'s staff and management and emphasized the importance of choosing the right airplanes. "You can have the best brand in the world and everything can go right for you, but if you've got the wrong airplanes, you aren't going to make money," he said.
SEE ATTACHED - - "BEE-REGIONAL AIRLINE OF THE YEAR-2009-02."
March 2009: Travelport Global Distribution System (GDS) announced the signing of a multi-year, full content distribution agreement with Flybe (BEE). The inventory will include Flybe (BEE)'s Web-only fares.
April 2009: Flybe (BEE) announced that it will open a base at London Gatwick (LGW), its 14th, and launch 18x-weekly flights to Dusseldorf on June 22. (BEE) is the 3rd-largest slot holder at (LGW) but has not based any airplanes there. It plans to operate "nearly" 500 weekly flights from the airport during the summer schedule. It recently opened a new lounge at (LGW)'s South Terminal. (BEE) said the move "reaffirms its ability to grow even in challenging economic times and that it also has "big plans to grow further in Germany."
(BEE) announced the launch of a 19x-weekly, (LGW) - Leeds Bradford service on June 29.
Aircraft Leasing and Management (ALM) arranged the sale of one B Ae 146-300 to Star Peru (SRU) on behalf of Flybe (BEE), which has replaced its B Ae 146 fleet with E195s. (ALM) is re-marketing the remainder of the (BEE) B Ae 146 fleet.
2 Dash 8-402s (4242, G-ECOP; 4248, G-ECOR), deliveries.
May 2009: Flybe (BEE) said it was "surprised" that British Airways (BAB) decided to impair the value of (BEE), in which it holds 15% following the 2006 sale of its "BA Connect" regional operation. In its recently released results for its fiscal year ended March 31, (BAB) valued its (BEE) stake at just £30 million/$48 million after an additional £13 million write-down owing to a "lower rate of forecast revenue and earnings growth than previously expected." This gives (BEE) an implied value of £200 million.
"(BEE) places on record that it and its advisers disagree with (BAB)'s decision to impair its shareholding in (BEE)," a spokesperson told "The Telegraph." "We believe that the decision is principally based on (BAB)'s view of its own performance and prospects rather than an analytical view of (BEE)'s track record and future prospects," the spokesperson added, noting that (BEE) has cash reserves of £57 million, that its revenue in the year to March 31 rose +7% and that it is "one of a handful" of European carriers expecting a pre-tax profit this year."
Oxford Aviation Academy (OAA) said it received UK (CAA) "agreement" for its first Multi-Crew Pilot License (MPL) course to be launched in partnership with Flybe (BEE). According to (OAA), it "will be the first (MPL) to be delivered using instructors, airplanes and simulators based in the UK." Students selected to launch the program will benefit from a joint sponsorship under which (BEE) and (OAA) will prove £20,000/$30,100 per student in funding. Additionally, (OAA) will offer (MPL) candidates "a fully-funded (OAA) 'Safety Net' reversion to an (APPFO) Integrated (ATPL) training course in the very unlikely event the (MPL) program stalls for any reason."
Dash 8-402 (4251, G-ECOT), delivery.
June 2009: Jeppesen reached agreement with Flybe (BEE) to provide the regional carrier with a broad complement of services including flight planning, charts and its Airside Services program that is designed to help "airlines transition from paper to electronic systems."
Resurrected air link between Leeds and London, 2 months after bmi (BMA) axed its service.
(BEE) will wet-lease 4 Dash 8-Q400s to the re-launched Olympic Airlines (OLY) (re-branded as "Pantheon Airways" from August 2009 until September 2010. The airplanes will be operated by (BEE) staff and fly under its Air Operators Certificate (AOC). Chairman & (CEO) Jim French said, "Over the past 18 months or so, (BEE) has been offered literally dozens of opportunities to start up or support start-ups globally, all of which, until this one, we have declined. (BEE)'s senior management team is 100% convinced that this partnership with Olympic Air (OLY) is a tremendous opportunity and dovetails perfectly with our brand." He also said the regional is "likely" to report a profit for the fiscal year ended March 31.
July 2009: 4 Dash 8-Q402s (4253, G-FLBA; 4255, G-FLBB; 4257, G-FLBC; 4259, G-FLBD), deliveries.
August 2009: Dash 8-Q402 (4259; 4267, G-PTHA; 4268, G-PTHB), leased to Pantheon Airways (OLY) as (SX-OBA).
September 2009: Flybe (BEE) is interested in acquiring parts of bmi (BMA) and officially confirmed its interest to Lufthansa (DLH) "quite a while ago," Chairman & (CEO) Jim French said. (DLH) said earlier this month that it had received interest from 12 potential buyers for the sale of bmi (BMA), in which it holds an 80% stake. "The bigger issue is, from what we understand, that the (BMA) losses are much higher than previously reported," French said, adding, "Some parts of the [BMA] business fit in very well in our network, but we are a very low risk company, so any kind of deal will require a very detailed due diligence." (BMA)'s losses will amount to -£150 to -£170 million on revenue of around £1 billion this year, according to some media reports.
(BEE) as Europe's largest independent regional, which was presented with Air Transport World (ATW)'s "Regional Airline of the Year Award for 2009," is not solely interested in (BMA) regional but also in some parts of the mainline operations at London Heathrow, French said. However, he dismissed reports in the "Sunday Times" that a potential purchase of (BMA)'s London Heathrow (LHR) operation or part of it, would be done through some form of partnership with British Airways (BAB), which also has indicated interest in buying (BMA) but might not get regulatory clearance for the acquisition owing to its large presence at (LHR). "There is no arrangement whatsoever with (BAB)," French stressed, noting that (BAB)'s 15% shareholding in Flybe (BEE) is totally unrelated to the matter and (BAB) has no seat on the board. But he added that (BEE) has made its interest known "to all parties, including Virgin Atlantic (VAA), (DLH) as well as (BAB) . . . indicating we would be open to some kind of agreement with one of them." (VAA) is considering its own bid for (BMA) and insiders have indicated they believe (BAB) would participate in the bidding process mainly to run up the price to its archrival.
French said he was thrilled about the agreement with the new Olympic Air (OLY) to wet-lease 9 of (BEE)'s Dash 8-Q400s for a period of 12 to 18 months. The successor to Olympic Airways (OLY) will buy two of the nine airplanes and also take over some delivery positions (BEE) holds with Bombardier (BMB). "This is a great deal," he commented. "It helps us bridge the recession and it helps Olympic (OLY) to get started."
Dash 8-402 (4216, G-ECOF; 4261, G-FLBE), deliveries.
October 2009: (SAS) agreed to sell its 20% stake in bmi (BMA) to Lufthansa (DLH)-related UK holding company (LHBD) Holding, effectively giving (DLH) full control over (BMA) when the transaction takes effect on November 1. Under the terms of the agreement, (LHBD), which already owned an 80% stake in (BMA), will pay (SAS) £19 million/$30.4 million for its 20% stake. (DLH) also agreed to pay (SAS) an additional +£19 million for the cancellation of rights relating to a 1999 shareholder agreement. (DLH) added that it will make further payments to (SAS) if it decides "to sell (BMA) completely or parts of the company . . . within the next 2 years." (DLH) currently holds a 35% stake in (LHBD), but (DLH) said it "expects to be able to acquire 100% of (LHBD)" in the near future.
It is unclear whether (DLH) will look to restructure (BMA) and hold onto all or part of it or will seek to sell all or part. It said last month that it had received interest from 12 potential buyers for a sale of (BMA).
Flybe (BEE) Chairman & (CEO) Jim French said that (BEE) is interested in acquiring parts of (BMA) and has expressed that interest to (DLH). He noted that "(BMA) losses are much higher than previously reported." It's expected 2009 losses have been pegged at £150 to £170 million on revenue of around £1 billion by media reports.
(SAS) said it was divesting its interest in accordance with its "core (SAS) strategy with focus on the Nordic home market." It has been a shareholder in (BMA) since 1989. (DLH) has been poised to take full ownership of the carrier since it announced an out-of-court settlement in June to acquire former (BMA) Chairman Michael Bishop's 50%-plus-one-share stake.
The British Airports Authority (BAA) concluded an agreement to sell its 100% interest in London Gatwick (LGW) to a group controlled by Global Infrastructure Partners (GIP) for £1.51 billion/$2.48 billion, of which £55 million is conditional on future traffic performance and the buyer's future capital structure. (GIP), which was founded jointly by Credit Suisse and (GE), already owns 75% of London City. "Today's announcement marks a new beginning for both (LGW) and (BAA). We wish (LGW) well for the future and are confident that the airport will flourish under new ownership," (BAA) (CEO) Colin Matthews said, adding, "(BAA) will focus on improving London Heathrow (LHR) and our other airports."
(BAA) was ordered by the UK Competition Commission (CC) to sell (LGW), London Stansted and either Glasgow International or Edinburgh, but is appealing the decision. It said it initiated plans to sell (LGW) in September 2008, before the end of the (CC)'s investigation. Proceeds will be used primarily for debt repayment.
(LGW) opened in 1958 and is the busiest single-runway airport in the world, handling 32.2 million passengers in the year to September 30. The sale is subject to, among other things, European Union (EU) clearance. Completion of the sale is expected in December.
EasyJet (EZY), (LGW)'s largest carrier with 9.6 million annual passengers and a 28% market share, said it welcomed the change in ownership but argued that "regardless of who owns (LGW), it is still a monopoly. Therefore it is vital that (LGW) is properly regulated to protect airline passengers from the new owners exploiting their market power." Flybe (BEE), (LGW)'s biggest domestic airline and third-biggest slot-holder, gave a "cautious" welcome to the news and said it "represents a real opportunity for the new owners to strengthen (LGW)'s position as the champion of short-haul and European flying. (GIP) would be making a fatal mistake if they try and chase trophy airlines promising glamorous long-haul destinations," (CCO) Mike Rutter stated.
November 2009: Etihad Airways (EHD) and Flybe (BEE) announced a code share deal under which (BEE) will place its code on (EHD)'s flights from Paris Charles de Gaulle (CDG), Frankfurt (FRA) and Manchester (MAN) to Abu Dhabi, while (EHD) will add its code to "a number" of (BEE) flights between (CDG), (FRA), (MAN) and 35 UK airports.
Dash 8-402 (4276, SX-OBC), delivery, and wet-leased to Olympic Air (OLY).
December 2009: Flybe (BEE) announced the following new routes scheduled to launch March 28: From Birmingham to Avignon, Limoges, Rennes (each 3x-weekly) and Bordeaux (4x-weekly); from Guernsey to Edinburgh (3x-weekly) and Belfast City (2x-weekly); from Jersey to Glasgow Prestwick and Durham Tees Valley (each weekly); from Manchester to Bergerac, Limoges (each 3x-weekly) and Avignon (2x-weekly); 3x-weekly London Gatwick - Limoges; weekly Southampton - Verona. Forty seasonal routes will be restarted. (BEE) plans to operate 3,738 flights per week during its summer schedule.
(BEE) will operate 3x-weekly seasonal services to Hannover from Newcastle and Exeter March 31 to October 29.
(BEE) began construction of a £24 million/$39.1 million training academy at Exeter. It is scheduled to open in late 2010 and will incorporate four flight simulators.
January 2010: Flybe (BEE) and Nordic Aviation Capital concluded a sale/leaseback transaction for 4 new Dash 8-Q400s. The transaction is worth approximately $100 million at list prices. Senior debt was provided by Export Development Canada. "In 2009 alone, we financed the deliveries of 11 new airplanes despite the recent challenging economic and financial climate," (BEE) Director Fleet Planning, David Attenburrow said. (BEE) currently operates 68 airplanes: 54 Dash 8-Q400s and 14 E195s. It has a further four Dash 8-Q400s on firm order for delivery in 2011 plus 12 options, in addition to options for 15 E195s.
2 Dash 8-Q402 (4021; 4022), returned to lessor. Dash 8-Q402 (4344), delivery, ex-(C-GGUX).
February 2010: Flybe (BEE) released select financial figures from its fiscal year ended March 31, 2009, during which it posted a +£6.1 million/+$9.9 million operating profit that compared to a +£30.8 million surplus in 2007 to 2008. Revenue rose +6.8% year-over-year to £572.4 million on a +4.3% increase in passenger numbers to 7.3 million. Pre-tax profit of +£100,000 plunged from the +£30.4 million reported the prior year. Excluding special charges, the 2008 to 2009 figure rose to £12.8 million. (BEE) currently operates 54 Dash 8-Q400s and 14 E195s. It has no deliveries scheduled for 2010.
March 2010: Flybe (BEE) reached a 3-month agreement with Gulf Air (GUL) to provide assistance with integration of (GUL)'s 2 new E170s. The deal covers flight deck and line engineering, training support and acceptance/delivery services.
April 2010: Flybe (BEE) will launch 6X-weekly, London Gatwick - Nantes service July 15 aboard a 78-seat Dash 8-Q400.
May 2010: Dash 8-402 (4311), to Olympic Air (OLY) as (SX-OBD).
July 2010: Air France (AFA) and Flybe (BEE) concluded an extensive commercial agreement under which (AFA) will market and add its AF code to 45 Flybe (BEE) routes between the UK and France and 17 UK domestic routes through Birmingham, Manchester, and Southampton.
In turn, Flybe (BEE) will market and add its code to 5 AF routes between France and the UK as well as to 7 new domestic French routes and 11 international routes.
Under the agreement, which is being described as a “landmark tie-up," (BEE) will feed (AFA)’s hub at Paris Charles de Gaulle, “allowing seamless and easy access to all of (AFA)’s extensive international services.” British Airways (BAB) holds a 15% stake in (BEE) and it is unclear how it will respond.
“We are delighted that Flybe (BEE)’s successful business model has been recognized with such prestigious and positive endorsement from one of the world’s most respected carriers,” Chairman & (CEO) Jim French said. “The future cooperation with Flybe (BEE) is a major opportunity for (AFA) to strengthen its position in the UK, Europe’s biggest market,” said (AFA) (COO) Bruno Matheu, adding, “Over the past few years we have watched with great interest (BEE)’s growth and development and been impressed by its performance in becoming a respected leader within the sector.” The code share agreement will take effect in October.
Flybe (BEE) is boosting its commitment to Embraer with a deal for
potentially 140 more E-Jets. The firm element of the contract is for 35 Embraer E175s with a list price value of $1.3 billion. Deliveries of the 88-seat airplane would start in September 2011. (BEE), already a strong Embraer (EMB) customer, also has taken 65 options for the regional jet. Those are valued at $2.3 billion.
Additionally, (BEE) has secured purchase rights for +40 more E-Jets. If converted into firm orders, they would have a list price value of $1.4 billion. The deal is the largest for Embraer (EMB) in some time and a sign that the commercial airplane recovery that Airbus (EDS) and Boeing (TBC) are seeing in the larger airplane segment may be migrating to the smaller airplane market.
(BEE) announced it has brought forward the delivery of the 1st of its 35 E175s to Spring 2011 to place the airplane on an 8x-daily, Guernsey - London Gatwick service. “We’ve pulled out all the stops with Embraer … to bring forward the delivery of the first of our new E175 jets so that we can base an airplane in Guernsey,” (CCO) Mike Rutter said.
August 2010: FlyBe (BEE) is looking to expand its operations as a de facto feeder carrier through a deal with Finnair (FIN) to provide regional services to Scandinavia and adjacent markets. The deal, announced August 5, will take effect October 31 when (BEE) will operate from (FIN)’s Helsinki hub to several Scandinavian and Baltic destinations, starting with Tampere and Turku in Finland and Estonia’s Tallinn. Starting out with 3 airplanes, (BEE) said the deal will expand in 2011. In addition, the carriers are looking at more expansive cooperation. The move comes after (BEE) set up an expanded cooperation agreement last month with Air France (AFA). (BEE) also placed a major order for additional Embraer regional
jets at last month’s Farnborough International Airshow, underscoring its growth plans.
In announcing the tie-up, (FIN) VP Resources Management, Ville Iho, said that “FlyBe (BEE) is highly suitable as a cooperation partner in our south and central Finland traffic. The company’s fleet and production structure support the operation of short routes. Expanding our cooperation base will give us flexibility to modify our feeder traffic network according to needs.” The move could also help (FIN) focus more heavily on its long-haul activities, particularly its Asian network. Those operations have provided the strongest growth, of late, for (FIN), underscored by July’s traffic increase of +11% year-on-year. By contrast, (FIN)’s European operations have struggled. Traffic fell -4% last month compared with the same period in 2009, ahead of the -1% drop in capacity. Similarly, domestic traffic was down -3%.
September 2010: Flybe (BEE) launched a 6x-weekly service to Manston in Kent to Manchester on September 7. (BEE) will add 4x-weekly to its Aberdeen – Birmingham service, bringing its total number of flights to 36 per week, including 3 return flights every weekday. (BEE) said the increase is due to the decision of bmi Regional to withdraw its route as of October 30. It also will launch a year-round (18x-weekly) Aberdeen – Manchester service on December 6 and 4x-weekly, Manchester – Nantes service on December 7 on board a Dash 8-Q400.
November 2010: FlyBe (BEE) has announced plans for an initial public offering (IPO). (BEE), which during the summer committed to a major fleet expansion with Embraer (EMB) said it is looking to raise about £60 million through the share offering. (BEE) wants to pull off the (IPO) next month, although the precise timing could change pending market conditions.
(BEE) said the money is intended not just to finance fleet plans, but also to cover other expansion, potentially through acquisition. (CEO) Jim French recently said he planned to buy a continental carrier soon. “We’re looking at a range of acquisition opportunities in Continental Europe, some of which we’d like to conclude by the end of this financial year [March 31],” French noted. “We’re looking to create bridgeheads to help us to develop our growth strategy in continental Europe.”
Rosedale Aviation holds 70% of (BEE), British Airways (BAB) 15%, and French himself controls 7%. (BAB) has signaled it will retain its 15% holding by acquiring the required number of shares in the (IPO) process.
(BEE) took over the "British Airways Connect" business 3 years ago and now operates a 2-type fleet built around the Bombardier Dash 8-Q400 and Embraer E-Jet after an extensive airplane replacement program. Any future acquisition would undergo a similar fleet transition. “We have no desire to be anything other than a regional airline,” according to French. He believes that Europe’s future regional airline development will be driven by restructuring among the 3 principal airline groups: — Air France (AFA)/(KLM); British Airways (BAB)/Iberia (IBE), and Lufthansa (DLH).
December 2010: Flybe (BEE) raised £66 million/$104.2 million in its long-awaited stock market flotation just completed. (BEE) sold 20.3 million ordinary shares priced at 295 pence per share. The offer represented around 28% of its total float of 72.8 million ordinary shares, excluding the exercise of an over-allotment option of up to 2 million shares granted to Merrill Lynch International. (BEE) shares surged 16% to close the day at 341.25 pence, giving it a market capitalization of 248.6 million, "Bloomberg" reported.
Around 50% of the offer funds will be used to assist in "funding its airplane fleet expansion program" with the balance used "to further strengthen its cash position, providing strategic flexibility to pursue additional growth opportunities," that could include acquisitions, the airline said. Following completion of the Initial Public Offering (IPO), Flybe (BEE) parent Rosedale Aviation Holdings holds 49.6% of the airline, while (BEE)'s directors and persons connected with them to hold around 7%.
January 2011: The British Airline Pilots’ Association (BALPA) scored a victory by winning a vote to represent pilots (FC) at Jet2.com (JT2). (BALPA) now represents pilots (FC) at all major UK-based airlines, including British Airways (BAB), Virgin Atlantic (VAA), easyJet (EZY), FlyBe (BEE), Monarch Airlines (MON), and TUI (TUG)’s Thomson Airways (ATZ)/(TFY).
Dash 8-Q402 (4344, G-FLBF), ex-(G-GGUX).
May 2011: FlyBe (BEE) launched 3x-weekly, Edinburgh - Knock service, increasing to 5x-weekly July to August. (BEE) will launch 7x-weekly, Inverness - Amsterdam service on September 5, becoming 6x-weekly during the winter months. (BEE) will operate seasonal Southampton service to Beziers (2x-weekly), Clermont Ferrand (3x-weekly), and Pau (2x-weekly) until September 10.
June 2011: Flybe (BEE) is one of Europe's largest regional low cost carriers (LCC)s serving around 75 destinations, including >30 in mainland Europe and >35 in the UK. The network received a substantial boost with the inauguration of franchise services with Loganair. (BEE)'s thriving charter business serves European destinations at the weekends.
Employees = 3,142.
(IATA) Code: BE - 267. (ICAO) Code: BEE - (Callsign - JERSEY).
Parent organization/shareholders: Rosedale (JW) Investments (49.6%); Employees share scheme; Jim French; British Airways (BAB) 15%; and Quantum Partners (3%).
Alliances: Air France (AFA); British Airways (BAB); Etihad Airways (EHD); and Loganair.
Main Base: Exeter International Airport (EXT).
Hubs: Aberdeen Dyce Airport (ABZ); Belfast City Airport (BHD); Birmingham International Airport (BHX); Edinburgh Airport (EDI); Glasgow International Airport (GLA); Guernsey Airport (GCI); Inverness Airport (INV); Isle of Man Ronaldsway Airport (IOM); Jersey Airport (JER); London Gatwick Airport (LGW); Manchester Airport (MAN); Newcastle International Airport; and Southampton International Airport (SOU).
July 2011: Flybe (BEE) and Finnair (FIN) announced they will jointly acquire Finnish Commuter Airlines (FCA), the Finnish regional carrier owned by privately held Finncomm Oy, for €25 million/$36.2 million in cash. The acquisition will be made through a new joint venture (JV), to be called Flybe Nordic (FCA), in which Flybe (BEE) will hold 60% and Finnair (FIN) 40%.
(BEE) will pay €12 million for the majority stake while (FIN) will pay €13 million for the smaller holding, “but (BEE) has committed to carry several investments relating to the operational side of the business,” a (FIN) spokesperson noted. (BEE) plans to take over the day-to-day operation and management of the airline from August 1. The acquisition is subject to the approval of relevant competition authorities.
“(FIN) and (BEE) have complementing competencies and we believe that (BEE)'s experience in regional flying, combined with (FIN)'s local knowledge and international operations, will be a winning combination. We look forward to working together and building a new strong player in the Nordic and Baltic markets,” (FIN) (CEO) Mika Vehvilainen commented.
“Finnish and Nordic passengers will see something very different from what has been available to them in the past,” promised (BEE) Chairman & (CEO) Jim French, adding that “much-needed” point-to-point routes will be established.
(FCA) will continue operating existing domestic routes, feeding into (FIN)’s hub at Helsinki, and gradually expand its network into Sweden, Denmark, Estonia, and Latvia using (BEE)’s low-fare concept/product. The plan is to announce details in mid-August of an “extensive new route network” that will operate from the start of the (IATA) winter season on October 30, (BEE) noted.
Finncomm (CEO) Juhani Pakari said that “negotiations have been long and thorough, and we are very happy with the result. This is a good solution for customers as well as for our staff. This is an excellent opportunity to develop the company to be the best regional airline in Northern Europe.”
Relations between (FCA), which has provided feeder services for (FIN) since 1998, and (FIN) have been tense at times. In September, both parties reached a preliminary agreement calling for (FIN) to buy a 20% stake in (FCA) and to acquire 100% of the companies that own Finncomm Group's ATR 42/ATR 72 airplanes.
(FIN) confirmed it still intends to purchase the (FCA) fleet and lease it “on market terms.” It will buy (FCA)’s current 9 ATR 72-500s, plus 3 on order to be delivered this autumn and in 2012, and lease them to (FCA). The remaining 4 ATR 42s owned by Finncomm Oy will be leased to (FCA) for certain predefined periods. In addition, (FCA) will continue leasing 2 (FIN)-owned Embraer E170 airplanes. (FIN)'s investment in the 9 ATR 72s will be approximately €104 million, including €70 million in debt liabilities.
“There's a huge demand and undersupply in the industry for the ATR airplanes. Due to the fuel efficiency, they are optimal for regional flying. For (FIN) this is a great opportunity to strengthen our fleet and as such it is a smart investment and ensures that our new (JV) will have the required capacity from day one,” Vehvilainen stated.
(BEE), which is a Dash 8-Q400 and Embraer E-jet operator, committed to continue using the ATR for its Nordic operations, the (FIN) spokesperson said. (BEE) has also agreed to buy 46% of Finnish Aircraft Maintenance.
(FCA) carries some 900,000 passengers annually. (FIN) transported 7.1 million passengers in its last financial year, down -4%, while (BEE) flew 7.2 million passengers, flat year-over-year. The Finnair Group posted a -€22.8 million net loss in 2010, narrowed from a -€95.2 million deficit in 2009.
(BEE) last month reported net income of +£3.8 million/+$6.1 million for its fiscal year ended March 31, down from +£22.2 million earned in the prior year. Net income benefitted from a +£8.1 million tax credit. Revenue rose +4.4% to £595.5 million and operating costs increased +5% to £587.9 million. Operating loss came in at -£0.9 million, reversed from a positive (EBIT) of +£27.6 million in Fiscal Year (FY) 2009 - 2010.
SEE ATTACHED PHOTO - - "BEE-2011-07-FLYBE NORDIC JV" WITH MIKE RUTTER, (BEE) (CCO); MIKA VEHVILAINEN (FIN) (CEO); & MARK CHOWN, (BEE) DEPUTY CHAIRMAN.
August 2011: FlyBe (BEE) will launch 4x-weekly, Manchester service to Newquay and Knock on October 30.
Flybe Nordic (FCA), the new joint venture (JV) of (BEE) and Finnair (FIN), will operate 416 weekly flights on 24 regional routes in the 2011 - 2012 winter schedule, including all former Finnish Commuter Airline (Finncomm) routes plus 9 new routes.
(FCA), 60% controlled and also managed by (BEE), completed its acquisition of Finncomm on August 18. All Finncomm routes will come under the Flybe (BEE) brand. New routes are: Helsinki to Mariehamn in Aland, the autonomous territory under Finnish sovereignty (2x-daily), Tartu in Estonia (6x-weekly), Trondheim in Norway (4x-weekly) and Umea in Sweden (4x-weekly); Tampere to Tallinn (TLL) in Estonia (3x-daily); and (TLL) to Stockholm Bromma (3x-daily), to Vaasa (6x-weekly) and Oulu (6x-weekly). The latter 3 routes will be operated by Flybe (BEE) franchise partner, Loganair. Most of the routes will start October 30, but flights from Oulu, Turku and Vaasa to/from to (TLL) will launch on November 14. (BEE)’s new routes will be included in Finnair (FIN)’s flight schedules and flown as code share flights.
Managing Director, Flybe Europe, Mike Rutter said there were plans to developing existing routes and expand to Latvia, Lithuania and Denmark.
(BEE) just reported an increase in passenger numbers, yield and revenues. Total 1st-quarter revenue ended June 30, rose +8.3% year-on-year to £160.4 million/$260.6 million and passenger revenue was up +12.2% to £150.6 million. Seats flown increased +7% to 3.1 million and boardings increased by +7.7% to 2 million, resulting in a 0.4 point improvement in load factor to 63.1% LF. Ticket yield rose +3.4% to £62.27 and ancillary yield rose +8% to £13.89. Passenger revenue per seat grew +4.9% to £48.09.
October 2011: SEE ATTACHED - - "BEE-FLIGHT CREW-A - 2010."
November 2011: SEE LATEST CABIN SAFETY ANNOUNCEMENT: http://www.flightglobal.com/airspace/forums/thomson-airways-safety-video-superb-27746.33820
FlyBe (BEE) had a +$24 million net profit for the six months ending in September. Revenues were up +6%, operating costs up +5%, and fuel costs +10%. (BEE) intends to decrease domestic capacity by -6% (ASK)s.
SEE ATTACHED PHOTO WITH SIR ALEX FERGUSON - - "BEE-2011-11 - MANCHESTER ROUTE."
January 2012: Flybe (BEE) said the UK domestic market suffered an underlying sales decline of -8% in its 3rd quarter ended December 31, 2011, following a -6% drop in its fiscal first-half. (BEE) called December “particularly disappointing.” The UK domestic market represents about 70% of (BEE)’s UK activities.
As Europe’s largest regional airline, (BEE) said it sacrificed planned yield increases to maintain passenger numbers and grow market share during the 3rd quarter 2011. It also warned that the resulting revenue shortfall, against previous expectations, will be “significant” and will not be recovered during the remainder of the fiscal year. Flybe (BEE) said it increased its share of the UK domestic market by +2%.
In July, (BEE) unveiled a reorganization of its day-to-day division operating structure based on expectations of “European expansion and continuing growth in the UK market,” it said at the time.
“The UK domestic market is clearly challenging. Under such circumstances, notwithstanding the shortfall against our revenue expectations, I believe that maintaining volumes and growing market share at the expense of planned yield increases was the correct decision to protect the long-term potential of Flybe (BEE),” Chairman & (CEO) Jim French said.
(BEE) has introduced new regional services from various UK bases:
Dublin - Donegal: 2x daily Saab 340 service has started on November 3 (operated by Loganair, public service obligation route taken over from Aer Arann Regional);
Exeter - Avignon: 2x-weekly seasonal Dash 8-400 service between April 7 and September 8;
Glasgow International - Donegal: 6x-weekly Saab 340 service has started on November 3 (operated by Loganair and replacing Aer Arann Regional);
Glasgow International - Newquay: 4x-weekly Saab 340 service starting on April 5 (operated by Loganair);
Manchester - Knock: 4x-weekly Dash 8-400 service has started on October 30;
Manchester - Newquay: 4x-weekly Dash 8-400 service has started on October 30;
Norwich - Exeter: 6x-weekly Do 328-110 service starting on March 25 (operated by Suckling Airways);
Norwich - Newquay: 2x-weekly seasonal Dash 8-400 service between May 5 and September 22.
Its Manchester - Norwich route will be transferred to franchise partner Loganair on March 5, which will use a Do 328-110 of its subsidiary, Suckling Airways to serve the route 3x-daily. Flybe (BEE) has, however, terminated its routes from Belfast City to Doncaster/Sheffield, Guernsey, and Liverpool, from Edinburgh to Rennes, from Exeter to Hanover and Verona, and from Newcastle to Guernsey, Hanover and Rennes in October instead, and will terminate its Edinburgh - Manston route at the end of March. It also has not resumed its seasonal route from Exeter to Innsbruck this winter season.
(BEE) has taken delivery of its 1st 4 of 35 E175s.
March 2012: Flybe (BEE) signed a contract with Brussels Airlines (DAT)/(EBA) to provide 2 Bombardier Dash 8-Q400 airplanes on a wet-lease basis for 2 years starting March 25.
The Dash 8-Q400s will serve on various routes for (DAT)/(EBA) throughout Europe. The airplanes will carry the "Brussels Airlines" livery.
(BEE) Chairman & (CEO) Jim French called the deal “another very important milestone in Flybe (BEE)’s development and is further confirmation of our reputation as a quality provider of professional ‘turn-key’ solutions in the regional aviation market.”
The (BEE) deal is (DAT)/(EBA)’s 3rd wet-lease agreement for regional airplanes, which allows it to operate higher frequencies on thin routes where its own Avro RJ85/100s are not economical in the current high fuel price environment.
(DAT)/(EBA) has a wet-lease agreement with British Midlands International (bmi) (BMA) regional for two Embraer ERJ-145s and Tyrolean Airways for 1 Dash 8-Q400 but these airplanes fly under their own brands.
April 2012: Flybe (BEE) has introduced 3 weekly flights between Newcastle airport (NCL) in the north-east of the UK, and Bergen airport (BGO) on Norway’s west coast using Dash 8-Q400 airplanes. Newcastle already has direct scheduled services to another Norwegian city; Stavanger, also famous for its oil industry links, which is served by both Eastern Airways and Widerøe. Newcastle becomes the 6th UK airport to have non-stop flights to Bergen, after Aberdeen (Widerøe), Edinburgh (Norwegian), London Gatwick (Norwegian), London Heathrow (bmi British Midland (BMA)), and Manchester (SAS). Last year, passenger numbers at Bergen rose by +10.4% to 5.61 million, while at Newcastle they fell by just -0.2% to 4.34 million.
May 2012: Flybe (BEE) launched a new route from Southampton in the UK to Tours in France. (BEE) started flying from Glasgow to Leeds Bradford International Airport after bmi (BMA)’s withdrawal from the market. (BEE) launched 3 domestic routes to Newquay in Cornwall. (BEE) launched 3 new domestic routes to Newquay airport (NQY) on May 5 as well as a new city route in Scandinavia under its sister brand Flybe Nordic (FCA). The airlines now serve Newquay each weekly from Belfast City (BHD) and Newcastle (NCL), as well as 2x-weekly from Norwich (NWI). All 3 routes are operated with 78-seat, Dash 8-Q400 airplanes seasonally until September 22. This brings (BEE)’s network into Newquay to 7 non-stop destinations. (BEE) UK Managing Director Andrew Strong commented: “We are strongly committed to the South West and to growing the number of destinations we offer from Newquay. The launch of our direct services to Belfast City, Newcastle and Norwich sees us responding to consumer demand, creating convenient and improved transport links to and from Cornwall.” Connecting the Swedish capital’s city airport with the Norwegian capital, Flybe Nordic (FCA) launched 11 weekly flights between Stockholm Bromma (BMA) and Oslo (OSL) on May 2. Flights operate 2x-daily on weekdays and once on Sundays using ATR 72 airplanes. While there is no direct competition at the city airport Bromma, indirect competition at Stockholm’s main airport Arlanda comes from (SAS)’ 79 and Norwegian (NWG)’s 43 weekly flights.
Flybe Nordic (FCA), the joint venture between UK regional carrier Flybe (BE) and Finnair (AY), will take on about one-third of (FIN)'s European services to cut costs and improve its financial position.
From October 28, Flybe Nordic (FCA) will operate (FIN)’s 12 Embraer E190 regional jets on a range of (FIN)’s short-haul sectors, taking advantage of the joint venture company’s lower cost base.
Mike Rutter, Managing Director of Flybe Europe, said: “We have been flying 8 airplanes on a contract basis for Finnair (FIN) since August 2011 and we are delighted that the quality and efficiency of our operations have persuaded (FIN) to add another 12 airplanes to our partnership.” The move was “an important step in our growth strategy,” he said.
“(BEE) has proven its capabilities to run regional traffic efficiently,” said (FIN) (CEO) Mika Vehvilainen. From passengers’ perspective, the transfer of services should be “almost imperceptible.”
(BEE) and (FIN) joined forces to buy Finnish Commuter Airlines (Finncomm) in 2011 and renamed it Flybe Nordic (FCA). The bulk of its fleet consists of ATR 42 and ATR 72 turboprops. Flybe Nordic (FCA) now flies from Stockholm Bromma Airport in Sweden to Oslo Airport Gardemoen in Norway.
(BEE) Chairman & (CEO) Jim French intimated his company would be looking for similar contract flying arrangements: “With this deal, 25% of the fleet under Flybe (BEE) Group management will be deployed under contract flying arrangements. We believe there are many more similar opportunities to develop this side of the business.”
Flybe (BEE) has announced plans to base 2 Dash 8-400s at East Midlands airport (EMA) from October 28, operating new routes to Amsterdam Schiphol (AMS), Edinburgh (EDI), Glasgow Abbotsinch International (GLA), Jersey (JER) and Paris Charles de Gaulle (CDG) airports. All of these new routes are currently served by bmibaby (BMI) who will be ceasing operations in September as new owner British Airways (BAB), which also owns a minority stake in (BEE), is planning to close (BMI).
(BEE)'s UK Managing Director, Andrew Strong, said it "makes sense" to add the services to (BEE)'s route map. "Our five new routes from East Midlands airport, added to our existing Belfast City service, are an important part of our ongoing commitment to making flying better for the UK regions," he added.
Swiss AviationSoftware has been selected by (BEE) Aviation services to supply its (AMOS) software to manage its entire airplane maintenance, engineering and logistics’ requirements. Implementation of the software is slated to take 12 - 15 months.
June 2012: Flybe (BEE) has reported a +£6.4 million/+$9.9 million post-tax loss for the year ending March 31, compared to a +£3.8 million profit for the preceding year, but expressed confidence for the future.
Revenue for the year (including new subsidiary Flybe Nordic (FCA)) was £678.8 million, up +14% on last year’s £595.5 million. Revenue excluding the new venture rose +3.3% to £615.3 million. Passenger numbers rose to 7.6 million, up +5.8% on the previous year’s figure of 7.2 million.
(BEE), Europe’s largest regional carrier, continues to operate in a “challenging environment,” Chairman & (CEO) Jim French said, “but is well-placed to take advantage of any improvement in the UK macro environment and has a strong platform in Europe to leverage, leaving the group strongly placed for the future.”
(BEE)’s major development over the past year has been the establishment of Flybe Nordic (FCA), its joint venture (JV) with Finnair (FIN), which took over the former Finncomm Airlines. (BEE) is flying an increasing number of (FIN)’s short-haul services under the (JV) arrangement.
French said (BEE) is pleased with progress on the Finnish operation. Its increasing levels of contract flying, together with the start of a fleet renewal program (the 1st 4 Embraer E175s of a potential 140 E-Jets arrived in the financial year) “will have a far-reaching beneficial impact on the business,” French said.
(KLM)/(AUK) and Flybe (BEE) have launched a code share agreement on 2 routes between Amsterdam (AMS) and the UK. (KLM)/(AUK) will now operate 3 flights a day between (AMS) and Southampton, as well as a daily flight between (AMS) and Inverness.
Flights on which (KLM) will put its code will be operated by (BEE) with Bombardier Dash 8-Q400 and Embraer (EMB) E195 airplanes.
This partnership enhances the existing cooperation between (AFA)/(KLM) and (BEE) on a number of routes between France and the UK.
(BEE) and the UK’s air navigation services provider, National Air Traffic Services (NATS), have joined forces on a collaborative safety initiative known as Flybe Line Operational Safety Survey (FLOSS).
(FLOSS) is described by the 2 companies as “a proactive safety process” that enables safety improvements to be developed and delivered by both (BEE) and (NATS) in fine-tuning the interface between operational staff and controllers. Its methodology is based on the Day2Day (D2D) observational safety survey process being supported by Eurocontrol that involves anonymous, confidential and non-punitive “over the shoulder” observations by trained observers of a normal working situation.
In the (NATS) case, controllers are voluntarily observed in their normal working environment. The observations focus on the system, not the individual, and are not a competency check. They help identify techniques and practices that benefit safety. (NATS) is one of the 1st companies to have used (D2D).
In the (BEE) environment, (FLOSS) involves “observations of flight deck activities” that can then be used “to determine not only the activities that are completed correctly and successfully by crews, but also activities or situations that need to be highlighted before they can become a safety concern,” (BEE) said.
(BEE) said this was “a world first for adapting the benefits of the (NATS) ‘Day2Day’ safety process for use within an airline.”
The project has been officially launched following an 18-month trial study into Altitude/Flight Level Compliance, which observed best practice on Flybe (BEE) Bombardier Dash 8-Q400 airplanes, delivering valuable data for Flight Operations management and improved communication procedures.
(BEE) and (NATS) will undertake a new series of observations using (FLOSS) methodology during the 2012 - 2013 (IATA) winter season.
Brussels Airlines ((DAT)/(EBA)) will wet-lease +2 additional Dash 8-400s from Flybe (BEE) from October to replace the wet-lease contract for 2 ERJ-145s currently wet-leased from bmi regional. (DAT)/(EBA) currently wet-leases a Dash 8-400 from Tyrolean Airways and 2 from Flybe (BEE).
August 2012: Flybe (BEE) will launch daily, Southampton - Nantes service on October 28.
Flybe Nordic (FCA), the joint venture (JV) between UK regional carrier Flybe (BEE) and Finnair (FIN), plans to expand its services in Denmark.
Flybe Europe (CEO) Mike Rutter said the carrier’s income has tripled over the past year since it acquired Finnish Commuter Airlines. It plans to increase its route network, particularly to and from Denmark, he said.
From the end of October, (BEE) will operate (FIN)’s 12 Embraer E190 regional jets on a range of (FIN)’s short-haul sectors, taking advantage of the (JV)’s lower cost base.
September 2012: Flybe (BEE) will launch 2x-weekly, Exeter (EXT) - Barcelona service on March 31 and 2x-weekly, (EXT) - Nice service on May 3.
(BEE) has announced plans to temporarily park four of its 48 Dash 8-400s this winter season to adjust capacity because of lower demand during the winter timetable period from the end of October to the end of March.
October 2012: Flybe (BEE) launched 5 new routes from across 3 UK airports on October 28; Birmingham (BHX), East Midlands (EMA) and Southampton (SOU). 2 of the routes are to Amsterdam (AMS), while Jersey (JER), Paris (CDG) and Nantes (NTE) got a route each. Notably, the routes from East Midlands all used to be served by now closed-down bmibaby (BMI), while the new route to Nantes becomes the 5th route (BEE) operates to France from Southampton this winter season. All of the new routes are operated with (BEE)’s fleet of 78Y-seat Dash 8-Q400s. The route between East Midlands and Amsterdam is planned to increase to 2x-daily frequencies at the start of the summer scheduling season.
Monarch (MON) Aircraft Engineering (MAEL) won a line maintenance technical handling agreement from Flybe (BEE), covering (BEE)’s fleet of Embraer E170 & E190 airplanes operating into Malaga.
November 2012: Flybe (BEE) launches Norwich to Exeter route.
Denim Air (DNM) (ACMI) has temporarily wet-leased its Fokker F 50 (20262, PH-KXX) to Loganair ((IATA) Code: LC, based at Glasgow Abbotsinch International airport(GLA)). The airplane will be based at Aberdeen Dyce (ABZ) and operate from there to Kirkwall (KOI) and Sumburgh (LSI) on behalf of the (BEE) franchisee.
December 2012: Flybe (BEE) commenced services from East Midlands (EMA), where it considerably expanded its presence following bmibaby (BMI)’s demise earlier this year, to the south-eastern French destination of Chambery (CMF) on December 15. The weekly service is geared at ski enthusiasts and offered with Dash 8-Q400s until April 6, 2013. Competition on the route comes from Jet2.com (JT2), operated with the same weekly frequency.
January 2013: Flybe (BEE) will cut -300 jobs as part of a £35 million/$55.5 million restructuring plan to return the group to profitability by 2013 - 2014.
In June 2012, (BEE) reported a -£6.4 million post-tax loss for the year ending March 31, 2012, compared to a +£3.8 million profit for the preceding year.
In a stock market announcement, (BEE), Europe’s largest regional carrier said it needs to take “significant actions” to achieve the turnaround. The restructuring will cost £10 to 2 million and is expected to deliver £35 million in annual savings by 2014 - 2015, when the 1st of 2 phases will be complete.
(BEE) will cut its management numbers by -20% and trim -10% from its “overhead and production headcount.” Around 300 positions will be made redundant, representing 10% of (BEE)’s UK staff. These will mainly come from (BEE)’s Exeter headquarters, as well as Manchester and Newcastle.
Flybe (BEE) (CEO) Jim French blamed a “brutal” +160% increase in Air Passenger Duty (APD) over the last six years for cutting domestic traffic by -20% and forcing the changes.
There will be no closures among (BEE)’s 13 UK bases “at this stage” and the UK route network will remain “broadly intact.” However, phase two will include a thorough network review. The results of this review and additional revenue measures will be announced with (BEE)’s year-end results in June.
In 2013 - 2014, (BEE) will operate 7 fewer airplanes than originally planned, removing around -£70 million in commercial revenue risk per annum. Various support functions for the airline’s UK scheduled operation, including base maintenance, line maintenance, ground handling and on-board catering will be reviewed and potentially transferred to outsource partners.
It has also condensed its structure from 3 divisions to 2 by bringing together its former Flybe Europe and Aviation Support divisions under a new Flybe Outsourcing Solutions division, headed by Flybe (BEE) Director Corporate Strategy, Mike Rutter.
Sitting alongside Flybe (BEE) UK, Flybe Outsourcing Solutions will expand (BEE)’s contract flying, maintenance and training activities. (BEE) operates around 5,000 contract flights per month.
February 2013: Flybe ((IATA) Code: BE, based at Exeter International airport (EXT)) (BEE) has announced that it would plan to sell 4 owned airplanes as part of its restructuring plan announced last month. While (BEE) has not disclosed the identity of the airplanes, it has confirmed that it has already agreed to sell 2 airplanes to an undisclosed buyer.
(BEE) has reportedly held talks with the government of Estonia discussing a potential partnership to replace financially struggling national carrier Estonian Air ((IATA) Code: OV, based at Tallinn Ülemiste (TLL)) (ENA) by a Flybe (BEE) joint venture (JV) based in Tallinn according to "ERR News." According to the "ERR" report, one of the options being reviewed by the government is to let Estonian Air (ENA) file for bankruptcy and to launch a new national carrier in cooperation with a strategic partner that would hold 49% in the new airline.
UK regional carrier, Flybe (BEE) has reached “agreement in principle” with Ryanair (RYR) to take on a package of routes as part of (RYR)’s bid to take over Irish flag-carrier, Aer Lingus (ARL). The package would include a payment of €100 million/$136 million to (BEE).
(RYR) is making its third bid to take over (ARL). The European Commission (EC) has filed a statement of objections to the proposed acquisition. (RYR) has submitted to the (EC) what it has described as a “radical and unprecedented remedies package” to allay fears that a takeover would lead to a monopoly on many routes currently served by both Irish airlines.
(RYR) (CEO) Michael O’Leary has previously said the “remedies involve two upfront buyers each basing airplanes in Ireland to take over and operate a substantial part of (ARL)’s existing route network and short-haul business.”
The International Airlines Group (IAG), parent company of British Airways (BAB), has signed a nonbinding agreement covering (ARL)’s London Heathrow slots as part of (RYR)’s proposed package of concessions.
(BEE), Europe’s largest regional airline, confirmed (following press speculation on its talks with (RYR)) it had reached agreement in principle “about the possible transfer of a number of airplanes and operating routes. The agreement provides for a new company to be incorporated, into which the relevant business assets [including cash of €100 million] and liabilities would be transferred and which (BEE) would then acquire.”
(BEE) said the agreement had not been approved by its board and would be subject to shareholder approval. It was dependent on several factors, notably the outcome of the (EC)’s deliberations on the competition aspects of (RYR)’s bid.
(BEE) has agreed to create a new carrier, Flybe Ireland, with (RYR). The deal is part of a remedies package (RYR) is constructing.
In a statement to the London Stock Exchange detailing the deal (which is conditional on (RYR) acquiring (ARL)) (BEE) said (RYR) would transfer the following to Flybe Ireland: 43 intra-European routes; the requisite number of slots and licenses to operate the routes; a minimum of nine A320s; the requisite number of flight crew (FC), airplane engineers (MT), management and facilities to operate the business; a cash injection of €100 million/$135 million; and all forward sales cash and liabilities, estimated at a further €50 million in working capital funding.
Flybe Ireland would operate from bases in Dublin and Cork and would have the right to use the Aer Lingus (ARL) brand for up to three years following the transaction, allowing it to develop its own brand position in Ireland during a realistic transition period.
In addition, (RYR) and (BEE) would develop a one-year business plan to deliver a cost structure that (based on the assumption that the preceding year’s revenue remains the same) would provide €20 million in pre-tax profits in the 12 months following the transfer to Flybe Ireland. If the business plan does not project +€20 million in pre-tax profits, there is an agreed adjustment mechanism factored into the €100 million cash contribution.
Flybe (BEE) said it believes the transaction would represent good value to shareholders, is in line with company strategy to diversify away from reliance on the UK economy, and leverages its proven skills in mergers and acquisitions.
It added that it had already received irrevocable acceptances from 64% of shareholders in support of this transaction.
(RYR) later announced that it has been informed by European Commission (EC) officials that the (EC) would intend to prohibit the (RYR) proposal to acquire 100% of rival Aer Lingus (ARL) despite the concessions (RYR) was allowed to make. It had offered the (EC) to transfer A320-200s, staff and routes to a new Irish subsidiary of Flybe (BEE) and slots to British Airways (BAB) to take over routes between Ireland and London Heathrow (LHR). While the (EC) has not yet officially published any decision, it is expected that it will argue that (RYR) would still be left with a too dominant position in Ireland following the transaction despite the concessions offered. (RYR) has already said that it will appeal the decision to the European Court of Justice if necessary.
On February 27th The European Commission (EC) officially blocked Ryanair (RYR)’s 3rd Aer Lingus (ARL) takeover attempt.
Competition Commissioner, Neelie Kroes said the takeover would “have led to dramatically reduced choice for consumers and, as a result, the likelihood of lower quality and higher fares. They were in particular not capable of ensuring that other airlines would enter the market on a sufficient scale to compete effectively with the merged airline.”
(ARL) welcomed the decision. “(ARL)’s position from the outset has been that (RYR)’s offer should never have been made. The series of inadequate remedy offers presented by (RYR) only underlines the view that (RYR) made its offer without any reasonable belief that it could obtain clearance,” (ARL) (CEO), Christoph Mueller said.
(RYR) immediately denounced the decision as “a political decision to pander to the vested interests of the Irish government (which is a minority 25% shareholder in (ARL)) and is not one that is based on a fair and reasonable application of (EU) competition rules or precedent airline merger approvals in Europe.” It vowed to appeal the decision.
(RYR) had put in place an extensive package of remedies to try to ward off the threat of an (EC) ban, striking deals with the International Airlines Group (IAG) and UK-based regional carrier Flybe (BEE) to take over more than >40 routes on which (RYR) and (ARL) are the only providers.
March 2013: flybe (BEE) launched services from Manchester (MAN) to Den Helder de Kooy (DHR) in the Netherlands, on March 4. 5 weekly services are now operated by Loganair via Norwich (NWI) and constitute the only scheduled service at the Dutch airport, which handles primarily helicopter movements for the North Sea oil companies. All flights are operated using Dornier 328s.
April 2013: SEE ATTACHED "AIRLINER WORLD" MAGAZINE UPDATE - - "BEE-2013-04 - UPDATE."
Flybe (BEE) commenced low-frequency seasonal services on the 450 km domestic route from Norwich (NWI) to Guernsey (GCI) in the Channel Islands on April 28. Weekly flights will be performed on the route by Loganair under flybe (BEE)’s franchise, using Dornier 328s, and is scheduled to terminate on September 29. This summer, (BEE) will serve Guernsey from another 5 British airports (London Gatwick (33 weekly flights), Southampton (25), Jersey (11), Birmingham (7) and Exeter (6)). Last year, Norwich’s traffic fell by -4% to just under <400,000 passengers, while Guernsey’s also fell by -3% to 870,000.
(BEE) will begin 4x-weekly, Manchester - Waterford, Ireland service on May 22.
May 2013: On 1st May, FlyBee (BEE) started 6X weekly Birmingham (BHX) to Lyon (LYS); Glasgow (GLA) to Shannon (SNN), and Isle of Man (IOM) to Southampton, both 3x-weekly, using Dash 8-Q400S, and on May 3, Exeter (EXT) to Nice (NCE), 2x-weekly using E195s.
(BEE) is in talks to sell some of its London Gatwick Airport slots.
In a stock exchange announcement, (BEE) said it is in “discussions with a number of parties” over the sale of some Gatwick slots pairs, without specifying the number it wants to sell. The statement added that while talks are ongoing, it is not certain they will ultimately lead to a deal.
(BEE) offers flights from Gatwick to Belfast City, Benbecula, Bergerac, Edinburgh, Glasgow, Guernsey, Inverness, the Isle of Man, Jersey, Newcastle, Newquay, and Stornoway, according to its website.
In January, (BEE) unveiled plans to cut -300 jobs as part of a £35 million/$55.5 million restructuring plan to return the group to profitability by 2013 - 2014. In 2012, (BEE) posted a -£6.4 million net loss, marking a drastic deterioration from its +£3.8 million prior-year profit.
For its latest financial year, which closed March 31, (BEE) expects to report stable revenues and a +2.5% increase in year-on-year costs. However, revenues from its outsourcing contracts (including Finnair (FIN) joint venture (JV) Flybe Finland) are expected to be up +15%.
(BEE) has confirmed plans to sell its entire London Gatwick slot portfolio to easyJet (EZY) for £20 million/$30 million. It has also sold 2 Bombardier Dash 8-Q400s and is deferring delivery of 16 Embraer E175s until 2017 - 2019.
SEE ATTACHED - - "BEE-2013-05 - FLYBE LEAVES GATWICK."
July 2013: The Flybe (BEE) Group has named former EasyJet (EZY) Chief Commercial Officer (CCO) Saad Hammad as its new (CEO), who will take over the role from Jim French.
Hammad, who was also a non-Executive Director at German carrier Air Berlin (BER), will lead the group from August 1, said(BEE). He joins as UK-based Flybe (BEE) is undergoing a restructuring effort to stem losses. French will become non-Executive Chairman after stepping down from the post.
Hammad says (BEE)'s reorganization is making "excellent progress", adding: "The business is once again 'fit to compete.'" He will join (BEE) from his position as Managing Director of private equity company, the Gores Group. Previous roles have also included Sales & Marketing posts with companies including Proctor & Gamble and Thorn-(EMI).
August 2013: UK regional Flybe (BEE) reported that group revenue for the fiscal 1st quarter ended June 30 was up +0.7% to £164.2 million/$252.8 million from £163 million for the same period last year.
(BEE) shareholders have approved the sale of (BEE)’s entire London Gatwick Airport slot portfolio to easyJet (EZY). In May, (BEE) announced plans to sell 25 pairs of Gatwick slots to (EZY) for £20 million/$30.3 million as part of its “Delivery and Future Direction” turnaround plan.
(BEE)’s shareholders gathered at the airline’s Training academy to vote on the plans. The resolution was almost unanimously passed, with just 0.01% of the active votes cast opposing the deal. (BEE) will continue to operate all of the slots normally until March 29, 2014, when it will exit its 7 Gatwick routes: Belfast City, Guernsey, Inverness, the Isle of Man, Jersey, Newcastle, and Newquay.
In June, Flybe (BEE) announced a full-year net loss of -£41.8 million, compared to a -£6.4 million loss in the preceding year. Restructuring costs contributed to the weak performance.
(BEE) has announced further board and senior management changes following last month’s management reshuffle. (BEE)’s new (CEO), former easyJet (EZY) and airberlin (BER) executive, Saad Hammad, took over August 1, splitting the combined role of Chairman & (CEO) previously held by Jim French.
(BEE) now has announced Andrew Knuckey (CFO) since 2007, has resigned and will leave the company as soon as a successor can be appointed and a suitable handover period has been completed.
(BEE) appointed Paul Simmons as (CCO), effective October 28. The former easyJet (EZY) Director for the UK market will report directly to Hammad.
Also stepping down from the board is Director of Corporate Strategy, Mark Chown; Managing Director Flybe (BEE) Outsourcing Solutions, Mike Rutter; and (BEE) UK Managing Director, Andrew Strong.
(AAR) (AFD)/(ALC) has signed a multi-year deal with Flybe (BEE) to provide wheels-and-brakes inventory for Bombardier Dash 8-Q400s. (AFD)/(ALC) has provided (BEE) with a large inventory of parts under a sale/leaseback agreement and will house an additional pool of high-demand wheels-and-brakes inventory in its Amsterdam warehouse.
September 2013: Flybe (BEE) has completed the entire revamp of (BEE)’s senior management following the September 13 departure of UK Managing Director, Andrew Strong; Outsourcing Solutions Managing Director, Mike Rutter; and Director Corporate Strategy, Mark Chown.
(BEE), which confirmed Saad Hammad as its new (CEO), said he will report on the future strategic development and direction of the business, following a full review of the group’s operations. While this is ongoing, (BEE)e said: “It is already apparent that the future direction of the business will be best advanced through a unified and lower-cost operational approach.” To that end, the divisional structure comprising (BEE) UK and (BEE) Outsourcing Solutions is being disbanded and all operations integrated into a single operating unit.
Paul Simmons will join (BEE) as (COO) in late October. Matt Bennett, currently Director Internal Audit & Risk, will act as Director Special Projects in addition to his current duties. John Palmer, currently Director Aircraft Maintenance, will become (interim) Director Operations until a permanent appointment is made.
Reversing previous divisional restructuring, Hammad said: “It has quickly become clear to me that (BEE)’s prospects will be significantly enhanced by disbanding the existing divisional structure and integrating all operations into a single, simpler and lower-cost operating unit. This latest announcement facilitates that move and will form an important part of the strategic review of the business, which I expect to conclude in November.”
October 2013: Flybe (BEE) added its 3rd new service to Ireland West Airport Knock (NOC) following the continued success of its services from Manchester and Edinburgh, this time from Birmingham Airport (BHX). (BEE) now serves the route 4x-weekly using its 78-seat Dash 8-Q400s. At this time, there is no contention on the direct 500 km route, however, Knock is already served by Ryanair (RYR) from London Stansted (9x-weekly), London Luton (7x-), Liverpool (7x-), East Midlands (5x-) and by Aer Lingus (ARL) from London Gatwick (7x-). Commenting on the announcement, flybe (BEE)’s Head Public Relations (PR), Niall Duffy said: “flybe (BEE) is absolutely delighted to launch this new route to Birmingham at the start of the 2013 - 2014 winter season. Given that we are already the biggest airline at Birmingham Airport, when we learnt of the opportunity to offer the route it was an obvious and natural extension to our network. We look forward to welcoming thousands of new passengers onto the service and are pleased to be able to step into the breach.” (BEE) effectively replaces Aer Lingus (ARL) on the route, which terminated its Birmingham to Knock service on October 26th.
November 2013: After 3 years of widening full year losses, Flybe (BEE) has reported a return to pre-tax profits in first half 2014. The Group’s new (CEO) Saad Hammad joined in August 2013, when long-serving (CEO) & Chairman Jim French became non-executive Chairman. The break with the past was completed on November 5th, 2013, when Mr French was replaced as Chairman by Simon Laffin, whose experience includes real estate, retail, media and financial services.
Mr Hammad, a former (CCO) at easyJet (EZY) and non-Executive Director at Air Berlin (BER), has immediately increased the targeted benefits under the Group’s restructuring plan, recognizing that its previous goals would not be enough. In terms of market presence, (BEE) has a strong niche in UK regional markets and a small, but growing, foothold in contract flying in mainland Europe.
However, its cost base remains uncompetitive and Mr Hammad may need to drive out even more cost if he is to realiZe his aim to make (BEE) “the best local airline in Europe”.
French joined Flybe (BEE) in 1990, became (CEO) in 2001 and added the role of Chairman in 2005. A (BEE) spokesman confirmed French will continue as a shareholder, but will have no active role in (BEE)’s management.
Laffin is currently Chairman of healthcare property specialist, the Assura Group and was audit committee Chairman at Quintain Estates & Development. “(BEE) has many challenges ahead, but I believe that under the new management team, the group will be developed into a leading regional aviation operator,” Laffin said.
French’s departure marks the latest step in (BEE)’s senior management revamp, which has also seen the departure of (BEE) UK Managing Director Andrew Strong; Outsourcing Solutions Managing Director Mike Rutter; and Director Corporate Strategy Mark Chown. “Every single person on the board is different to a year ago,” a spokesman said.
Saad Hammad was brought in to take on French’s (CEO) duties in July, Paul Simmons has just joined as (COO), and Matt Bennett has become Director Special Projects in addition to his current duties.
(BEE) is working to get back on track after rolling out a major restructuring plan earlier this year, which included job cuts and the sale of its London Gatwick slots.
Rosedale Aviation Holdings has sold its 48.1% stake in UK regional airline (BEE) to institutional investors, marking its exit from (BEE), which is going through a major restructuring. “(BEE) received notification from Rosedale Aviation Holdings on November 12th 2013 that, on the same date, Rosedale sold a total of 36,146,250 existing ordinary 1 pence shares of (BEE),” (BEE) said in a stock market declaration.
Rosedale Aviation Holdings is the family trust of Jack Walker, former owner of the Blackburn Rovers football (soccer) team. Following the transaction, the free float of the company is expected to increase to 85%.
(BEE) announced an interim net profit of +£13.6 million/+$22 million, up from a loss of -£1.6 million during the year-ago period. However, a new phase of efficiency improvements is expected to involve about -500 redundancies between now and the end of next year. This follows on from an earlier restructuring, which included job cuts and the sale of its London Gatwick slots.
(BEE) is to slash -500 jobs as part of a cost-cutting scheme that should save (BEE) an additional -£26 million/-$42 million a year. (BEE) currently employs 2,700 people. However, 650 staff were made redundant last January. It is thought the upcoming lay-off will affect only UK staff.
December 2013: Flybe (BEE) is cut an additional -10 year-round and -14 summer-only services next year, following its decision to withdraw from 6 London Gatwick routes.
During the 1st quarter, (BEE) will stop serving Paris from Belfast, Cardiff, East Midlands, or Glasgow. Flights from Glasgow to Cardiff and Shannon are also set to be axed, while Southampton will lose connections to Hannover and Leeds Bradford. Bristol - Jersey and Exeter - Newcastle services will likewise be discontinued.
From the summer schedule, a host of seasonal routes are disappearing. These connect Exeter to Barcelona and Nice; Southampton to Barcelona and Beziers; Belfast to Jersey; Edinburgh to Knock; the Isle of Man to Bristol, Jersey, London Luton, and Southampton; Jersey to Luton and Newcastle; Limoges to Newcastle; and Newquay to Norwich.
Flybe (BEE) will from the end of March cease operations from Gatwick to Belfast, Guernsey, Inverness, the Isle of Man, Jersey, and Newcastle, but will continue to serve Newquay from the London airport.
January 2014: flybe (BEE) began 2 new ski routes from the UK just before Christmas, launching services from Inverness (INV) to Geneva (GVA) and from Southampton (SOU) to Grenoble (GNB). The former route will be flown weekly (Saturdays) by (BEE)’s 88Y-seat E175s until March 8th. The Southampton-originating service will also be operated just on Saturdays, but this time by (BEE)’s 78Y-seat Dash 8-Q400s, and will be flown until April 5th. Inverness Airport Manager Graeme Bell, adds: “This is an important new international route from Inverness as it provides direct access to one of Europe’s most important ski destinations. As well as being a popular destination in its own right, home to world class visitor attractions, Geneva is also the gateway to some of the best ski slopes in the Alps.” Neither route faces any direct competition and both began on December 21st.
Flybe (BEE) will operate a seasonal daily, Birmingham - Newquay summer service from May 16.
February 2014: Flybe (BEE) reported 3rd-quarter trading in line with overall management expectations, and has revised downward the number of job losses it will need to make.
UK regional carrier (BEE) has doubled its services to 6 return trips daily between London Gatwick and Newquay Airport and has reported “exceptional demand,” due to the washout of the main railway line between London and southwest England following record-breaking wet weather in Southern England.
With no let-up forecast in the storms, the track is likely to be out of action for at least 6 weeks. Road travel between London and Cornwall takes at least 5 hours.
Flybe (BEE) has also brought in a larger 118-seat Embraer E195 to supplement its normal Bombardier Dash 8-Q400 service. (BEE) said that over recent day seat sales were "up fourfold over the same period last year.” (BEE) said it intends to run the increased service for at least 2 weeks and will assess the requirement for continuing it thereafter.
(BEE) is planning to phase out its entire fleet of 14 Embraer E195s from its UK scheduled operations and is seeking +16 additional airplanes, as it shifts to a turboprop-focused fleet.
April 2014: Flybe (BEE) has secured traffic slots out of London City for services to five domestic UK cities - - SEE ATTACHED - - "BEE-2014-04-LONDON CITY AIRPORT." Quoting a report by Airport Coordination Limited (ACL), the slots will come into use from September this year. While still subject to official confirmation, it is speculated the new routes could involve: Belfast City, Inverness, Isle of Man, Jersey, and Newquay.
(BEE) last served London City in 2005 as British European Airways ((IATA) Code BE, based at Exeter). (BEE) will launch several UK and Irish regional routes from London City Airport (LCY) in the fall.
(BEE) announced plans to ‘base’ 5 airplanes at London City Airport from the end of October, at the start of the 2014 winter season. 5 routes have been announced in England (Exeter), Northern Ireland (Belfast City), Scotland (Edinburgh and Inverness) and Ireland (Dublin). Of these, only 2 are currently served (Dublin by CityJet 38x-weekly and Edinburgh by British Airways (BAB) 51x-weekly), while a 3rd (Belfast City) was operated by Scot Airways on behalf of AirFrance (AFA) between March 2007 and May 2008.
According to (BEE)’s website, Dublin and Edinburgh will be served with up to 4 daily flights, Belfast City and Exeter with up to 3 daily flights, and Inverness with up to 2 daily flights. No airplanes would appear to be stationed overnight at London City, with the earliest departure from London City not being until 08:30. However, all the ‘inbound’ flights depart before 07:15, resulting in passengers arriving in the heart of London in time for a full working day.
As part of its restructuring program, (BEE) has cut a number of loss-making routes from its network (its London Gatwick operations having been among the most affected) though to compensate, it has begun cooperating with various local airports in the hopes of developing new viable routes.
(BEE) launched 4 new routes from its base at Birmingham (BHX) in the UK. Of the new services to Alicante (ALC), Cologne Bonn (CGN), Florence (FLR) and Porto (OPO) only the Alicante route is served by any other carrier at present. All of the routes will be served by (BEE)’s E175s with Dash 8-Q400s operating some of the flights on the daily Cologne Bonn route.
(BEE) has announced the exact details of its 6 new London Southend flights to be operated by Stobart Air ((IATA) Code: RE, based at Dublin International) this Summer. (BEE) said it will begin with a 3x-weekly Newquay service in May, while flights to Rennes, Groningen and Münster/Osnabrück will start on June 5. Cologne/Bonn, Caen, and Antwerp are scheduled to go live on July 3. Operations will likely be on board an ATR 72-600.
(BEE) will increase capacity on the Southend services from September 1, resulting in a total of 102 weekly flights on the 6 new routes.
(BEE), which is undergoing a wide-ranging restructuring, has brought in Cabot Aviation to place 5 of its Embraer E195LRs. (BEE) has 14 E195s, delivered from various lessors in 2007 - 2008. In February, (BEE) detailed plans to phase out its entire E195 fleet from its scheduled operations and replace them with up to 16 Bombardier or ATR turboprops. Of these, 10 will be deployed on scheduled services and the remaining 6x will be used for contract flying.
Cabot Aviation said it has been tapped to find sub-leases for 5 of these airplanes. (BEE)’s E195s are configured with 118Y seats in an all-Y economy layout. The first 10 (BEE) E195s were due to be grounded at the end of March, followed by the remaining 4 in October, although some of these are likely to be furloughed into (BEE)’s contract flying business.
(BEE) has been undergoing a massive transformation, which has included a complete senior management overhaul, the exit of its major shareholder, job and network cuts, the sale of its London Gatwick slots to easyJet (EZY), a new franchise deal with Stobart Air and a structural revamp.
In addition to the 14 E195s, (BEE) operates 45 Bombardier Dash 8-Q400 turboprops and 11 E175s.
May 2014: Flybe (BEE) has had a busy mid-May, starting 5 routes, including 4 from its growing again Birmingham (BHX) base, which will take (BEE)’s network offering there up to 26 routes. Additionally, (BEE) will ramp-up its domestic presence at Newquay (NQY) which will see it fly to 4 domestic points (namely London Gatwick (LGW), Manchester (MAN), London Southend (SEN) and Birmingham).
June 2014: Europe’s largest independent regional carrier, Flybe (BEE) has posted a +£8 million/+$13.4 million net profit for its full 2013 - 2014 financial year, reversing a -£42.2 prior-year net loss.
(BEE) (CEO) Saad Hammad said the improved results marked “the rebirth of Flybe (BEE),” following an intense drive to slash costs, increase revenues and rationalize (BEE)’s fleet and network. He added that (BEE)’s new management team has delivered the -£47 million in cost savings it committed to for 2012 - 2013; it is on track to increase the total to £71 million in the 2014 - 2015 financial year. “It has taken tremendous effort, commitment, resilience and support to achieve the transformation we have announced today and we are off to a really good start in this fiscal year.” The performance was based on turnaround actions that were announced in January, May and November 2013.
For the year ended March 31, (BEE)’s group revenue rose just over +1% to £620.5 million despite a -1.4% reduction in capacity and the intense cost-saving drive.
Expenses fell -3.3% to £619.5 million before exceptional items, which included £9.6 million in staff-related restructuring costs and a +£10.5 million gain from the sale of (BEE)’s London Gatwick (LGW) slots to easyJet (EZY). Excluding fleet-related exposure, no further significant restructuring hits are anticipated in 2014 - 2015.
This produced an operating profit of +£1.5 million, or +£1.3 million after exceptional items, marking a huge swing from the -£31.8 million operating loss it posted in 2012 - 2013.
(BEE) also took a hit from its Finnish joint venture (JV), which eroded -£500,000 from its operating result, although this was narrowed from a -£2.8 million hit in the prior year. Its bottom line operating result after the (JV) loss and restructuring costs therefore stood at £800,000, compared to a -£34.6 million loss in 2012 - 2013.
Outgoing (BEE) (CFO) Andrew Knuckey said all areas of the business contributed to the underlying profitability improvement.
(BEE) has named (CFO) Philip de Klerk to the board as (CFO), effective August 19th.
(BEE)’s UK scheduled passenger numbers increased +6.9% to 7.7 million, despite the -1.4% drop in seat capacity, pushing up (BEE)’s average load factor by +5.4 points to 69.5% LF. Revenue per seat was up +1.8% at £49.70, more than offsetting a deliberate 6.1% lowering of yields, Knuckey said. “It has been very tough 12 months for everyone in business; we have lost more than >-1,000 people,” the (BEE) (CFO) said. Year-on-year, (BEE)’s headcount was down -30%, although only 9 of 1,100 redundancies were compulsory.
“As already announced, there will be some further job losses after this summer, as seasonal routes are discontinued and some further airplanes are grounded, as planned,” new Flybe (BEE) Chairman Simon Laffin said.
This summer, (BEE) will cut its capacity by -16% year-over-year, but Hammad said revenue losses will be “nowhere near -16%” because of the improved network management and analysis model that has been rolled out under his leadership. “We have moved from seat-of-the pants rigor to fact-based management,” he said.
During the analyst call, he disclosed that (BEE) previously had the lowest crew utilization of any UK airline and lowest fleet utilization of any airline worldwide. “We are off to a really good start and have a spring in our step, but there is clearly a long way to go,” Hammad said, adding that (BEE) must fly the right routes, with the right airplanes and with a strong focus on the bottom line.
“This business already has scale. It is our job to take that scale and leverage it to our advantage. The problem with (BEE) has not been the concept of connecting regions (if (BEE) didn’t exist, someone would have to invent it) the problem has been in the execution. We need discipline, discipline, discipline. That is how we create value in our business. Cost is not a project. It has to be part of our (DNA),” he said.
(BEE) operates from 7 UK bases to 64 destinations across the UK and Europe. This marks a downshift from its former operation, which comprised 13 UK bases.
(BEE) opened the 1st 3 of its planned 7-route operation at London Southend (SEN), beginning services to Groningen (GRQ) in Holland, Münster/Osnabrück (FMO), and Rennes (RNS). The former is flown 6x-weekly, with the remaining 2 flown daily. The operation to Rennes, will, however, be increased to 2x-daily from September 1st. All services began on June 5th, are all non-competed, and all operated by Stobart Air’s ATR 72s. In fact, the airline has specifically chosen many of its destinations at London Southend to be a unique offering in the London area (indeed only Antwerp and Newquay of the seven new routes are currently served from other London Airports).
(BEE) has unveiled a new purple livery - - SEE ATTACHED - - "BEE-2014-06-NEW PURPLE LIVERY," which will be gradually rolled out across its fleet over the next 3 years. (CEO) Saad Hammad identified the brand revamp as one of the airline’s 6 top priorities for 2014 - 2015. “One of the uses of the proceeds from the equity raise has been to refresh Flybe (BEE)’s brand, which had largely remained unchanged since it was created in 2002,” Hammad said. “Purple is not just as our new brand color, but as a signifier of a new way of doing things.”
The new colors form part of (BEE)’s turnaround and reinvention under its new management team. New uniforms will also be introduced from July. “Our airplanes are being repainted in purple with a light blue tail plane interleaved with yellow and red stripes. The interiors are also being updated,” (BEE) said.
(BEE) has acquired 5 used Bombardier Dash 8-Q400s from an unnamed lessor and is in talks to avert a £27 million/$45 million hit from its legacy Embraer (EMB) fleet. (BEE), which is undergoing a major restructuring, has bought the 5 Dash 8-Q400s for its new London City base, which will open on October 27.
July 2014: Flybe (BEE)’s 1st-quarter revenue has fallen -11.9% as (BEE) continues to press ahead with restructuring.
During the first quarter ended June 30, (BEE) generated £144.6 million/$246.8 million in group revenue, down from £164.2 million in the prior-year period. Flybe (BEE) (CEO) Saad Hammad described the performance as “in line with management expectations” and said the business is being prepared for future growth.
Over the 3-month period, (BEE) cut its UK scheduled capacity -17.2% and increased airplane utilization +9.2%. Load factor was up +9.3 points at 75.8% LF. Revenue per seat grew +9.5% to £52.79, but yield fell -3.9% to £69.61.
Total group costs fell -16.6%, excluding exceptional items, dropping its average cost per seat 1.6% to £51.20. (BEE) said it remains on track to meet its £24 million cost-savings target for 2014 - 2015, taking its total annual savings to £71 million.
One of the exceptional items for the first quarter was a -£6.4 million hit from (BEE)’s 9 grounded Embraer E195s. Earlier this year, Hammad warned the maximum full-year cost exposure from these airplanes was £27 million. However, this has now been reduced to £26 million.
(BEE) is also still struggling with its loss-making Finnair (FIN) joint venture (JV), which is split into scheduled and white-label flying. “Continuing decline in the domestic Finnish passenger market resulted in continuing revenue weakness in the scheduled flying operation. That decline has more than offset the reduction in scheduled capacity [2 ATR 42s returned to their lessor], and so losses in scheduled activity continue to be in the Finland (JV),” it said. (BEE) described these losses are “unacceptable” and said it is in talks with (FIN)to address the situation.
“We have achieved a significant amount in the quarter, with substantially more to do in the months ahead,” Hammad said. “Our plans to address the few remaining legacy issues in the business, especially the grounded E195 airplanes and the loss-making scheduled flying business in Finland, are progressing, and I look forward to providing further updates in due course.”
Second-quarter capacity will be -15% down year-on-year and around 45% of seats have already been sold, with revenue per seat up around 9%. This winter, (BEE) will launch 15 new routes and further additions are under evaluation.
(BEE) added +2 more destinations from its biggest UK hub at Birmingham (BHX), which offers over >350 weekly flights, thanks to the addition of 3x-weekly services to Ibiza (IBZ) and Rekyjavik/Keflavik (KEF). While the 1,759 km sector to the Icelandic capital will face no direct competition (until Icelandair (ICE) launches in February 2015), the Ibiza service will have to face the four incumbents on the route (Monarch Airlines (MON) (6x-weekly), Thomson Airways (ATZ)/(TFY) (4x-weekly), Ryanair (RYR) (3x-weekly) and Thomas Cook Airlines (weekly) (GUE)/(JMA). Both flights started on June 29th and both are operated by (BEE)’s 88-seat E175s.
(BEE) added its 5th and 6th routes from London Southend (SEN), with the addition of new routes to Antwerp (ANR) and Caen (CFR), both of which will be targeting inbound traffic into London primarily. The service to the Belgian diamond city will be flown 8x-weekly, while the Normandy-located city in France will be operated 4x-weekly. Both routes started on July 3rd, both are flown by Stobart Air ATR 72s and neither has any direct competition. However, CityJet operates a 21x-weekly service to Antwerp from nearby London City, whereas there are no services to Caen anywhere else in the UK.
(BEE) commenced its 7th route from its fast-growing London Southend (SEN) base, adding 6x-weekly services to Maastricht Aachen (MST) on July 10th (which replaces the previously announced Cologne Bonn operation). The route will be operated by Stobart Air’s ATR 72s. Like the 2 new routes which were started last week to Antwerp and Caen, the Maastricht Aachen route is primarily targeting inbound traffic into London, however, the 361 km route will also be the only UK service operating from the Dutch airport.
(BEE) and Bombardier (BMB) have signed a strategic services agreement that confirms the Dash 8-Q400 as Flybe (BEE)’s airplane of choice in its UK-branded business. Bombardier (BMB) will undertake a major program of enhancements to make (BEE)’s 45 Dash 8-Q400s one of the most operationally efficient regional fleets in the world.
E190-200LR (0128, G-FBEH; 0155, G-FBEJ), deliveries (0155 returned from lease to Helvetic Airways).
September 2014: Finnair (FIN) and UK-based regional carrier, Flybe (BEE) will increase their connections, following a new agreement between the two airlines.
The companies already have substantial links, following their 2011 partnership to take over Finnish Commuter Airlines (Finncomm), which was later renamed Flybe Nordic (FCA). Flybe Finland operates a mixture of contract-flights on behalf of Finnair (FIN) as well as its own flights around Finland and the Nordic region from its base at Helsinki Airport.
It handles a substantial part of (FIN)’s European short-haul services.
Under the latest agreement, (FIN) will extend its network throughout the UK with new code share services from Manchester, northwest England, operated by Flybe (BEE). From September 15, (FIN)’s AY code will be added to Flybe (BEE) services from Manchester to 10 UK regional airports: Aberdeen, Belfast City, Edinburgh, Exeter, Glasgow, Inverness, Isle of Man, Jersey, Newquay, and Southampton.
The code shares will enable connections via Manchester between these cities and Helsinki, as well as to (FIN)’s wider network, including 15 Asian destinations.
October 2014: Flybe (BEE) has had a busy start to the Winter 2014/2015 season, launching 15 new routes, from eight of its UK bases. Highlights include 3 new international services from its biggest base at Birmingham (BHX) (namely to Berlin Tegel (TXL), Hamburg (HAM) and Oslo Gardermoen (OSL)). (BEE) airline also launched its Flybe Shuttle concept with a route which operates from Aberdeen, via Leeds Bradford and Southampton, to Jersey, up to 3x-daily with its 74Y-seat Dash 8-Q400s. Also worthy of note is (BEE)’s new 12x-weekly, Aberdeen to London City sector, which started on October 27 and follows closely the withdrawal of British Airways (BAB) on the same city pair on October 24th. In addition, the London Southend to Dublin sector switches from a Stobart Air-operated, Aer Lingus-coded service to a (BEE) and Stobart Air-operated, (BEE)-coded flight.
November 2014: News Item A-1: Flybe (BEE) will exit its operations in Finland as it seeks to end continuing losses from the business.
(BEE) became the 60% majority shareholder in a joint venture (JV) with Finnair (FIN), when the two carriers bought Finnish Commuter Airlines, Finncomm (FCA), in 2011. (FIN), the Finnish national carrier held the remaining 40% in the (JV), named Flybe Nordic (FCA).
In an analysts’ briefing by (BEE), continuing losses at Flybe Nordic (FCA) were described as “unacceptable and deteriorating.” (FIN) announced it would sell its shareholding for a symbolic €1 ($1.24) by the end of the year and hopes to complete the transaction in January 2015. It said that as a result of exiting the Finnish business it will write down £9.9 million in the 1st half of its current financial year.
Asked if there was a buyer on the horizon for its 60% share in Flybe Nordic (FCA), a (BEE) spokesman said, “That’s not for us to answer.” He also declined to say whether the move would result in any job losses, but added: “Finnair (FIN) themselves have said that operations will continue as normal.”
(FIN) said: “Flybe Nordic (FCA) owns fully the Finnish subsidiary, Flybe Finland (FCA), which is in charge of Finnair (FIN)’s regional airline operations.
“Consequently, (FIN) is now mapping alternatives to continue Flybe Finland (FCA)'s regional flying with a cost-effective business model and new ownership structure for Flybe Nordic (FCA). These alternatives include a potential new majority shareholder for (FCA).”
The shares could be sold to a new incoming majority shareholder, or (FIN) itself. That sale is conditional upon regulatory approval from the competition authorities.
Losses on the Finnish operations, which include both the former scheduled regional routes held by Finncomm and “white label” flights that account for one-third of (FIN)’s European services, have been causing concern at Flybe (BEE) for some time. The problem has been with the scheduled services, while the “white label” contract flying routes remained profitable.
It was regarded as one of several legacy issues that new (CEO) Saad Hammad regarded as having a draining effect on Exeter-based, (BEE), Europe’s largest regional carrier.
Restructuring costs have been continuing for some time. “We haven’t been able to arrive at a common view to resolve the profitability issues, and therefore the companies have agreed to discontinue the cooperation,” (FIN) (CEO), Pekka Vauramo said. “(FIN) aims to find a new majority shareholder and a business model that would enable the development of regional flying in a financially sustainable way.”
A code share arrangement between (BEE) and (FIN) will be unaffected by these developments.
News Item A-2: Flybe (BEE) began new services from Dublin, Aberdeen, Belfast City, Edinburgh, Exeter and Inverness to London City.
(BEE) will begin in March, 2x-daily, London Stansted - Newcastle and 3x-daily – Isle of Man. From Bournemouth, it will begin 2x-daily Glasgow and Manchester services, and 4x-weekly Paris (CDG) and Amsterdam flights.
December 2014: News Item A-1: Flybe (BEE) and Aer Lingus (ARL) have begun code sharing on (BEE)’s services from Exeter, Inverness, Southend, and Southampton to (ARL)’s Dublin hub with access to North America and Canada.
(BEE) will start “white label” flights in October 2015 on behalf of Scandinavian carrier (SAS).
The move comes just weeks after (BEE) (CEO) Saad Hammad said he was in negotiations to increase the airline’s outsourcing business and after it halted its loss-making cooperation with Finnair (FIN).
The new services follow the termination by (SAS) of a similar agreement with Danish carrier Cimber (STR) (a decision that seems likely to result in the closure of the latter airline).
Flybe (BEE) will operate four ATR 72-600 turboprops to handle the new services. The airplanes, which will operate under (BEE)’s air operator’s certificate (AOC), will be used on short-haul (SAS) services in Europe and are being provided with full flight (FC) and cabin crew (CA) as well as maintenance (MT).
Flybe (BEE) does not currently operate the ATR.
The agreement is for a 6-year period, with the possibility of an extension; +4 more airplanes may be brought into service, if required. The airplanes will operate from Stockholm Arlanda, on routes to destinations more readily suited to the 68Y-seat ATR 72 (such as Visby, Kalmar and Turku).
Two airplanes will begin operations in October 2015, with another 2 in service by March 2016. They will operate in (SAS) colors.
In a further development, the Danish government has chosen (SAS) as preferred supplier to fly government employees on 145 routes, with (SAS) designated as exclusive supplier on 89 of these.
Denmark’s National Procurement Central announced the results of a bidding round for the country’s framework agreement for air travel. The contract is retendered roughly every four years.
News Item A-2: UK-based regional carrier, Flybe (BEE) has integrated the Jeppesen FliteDeck Pro electronic flight bag (EFB) app fleet-wide after receiving UK Civil Aviation Authority in mid-October.
January 2015: The UK’s Air Accident Investigation Branch (AAIB) has opened an inquiry into why a Flybe (BEE) Bombardier Dash 8-Q400 left the runway at Inverness Airport on January 19th.
The incident led to the closure of the airport, the main air link for the Scottish Highlands, for 4 hours. The service, BE202, had just landed after a flight from Manchester, northwest England.
(BEE) said, “When taxiing at low speed at the end of the runway the wheels of the Bombardier Dash 8-Q400 slid off the tarmac at the turnaround end onto the grass. The 47 passengers and four crew (FC) were unharmed and exited the airplane by the stairs for bus transfer to the terminal. Pictures from the site showed all three sets of wheels embedded in the grass.
The (AAIB) investigation is the second to be opened into a (BEE) service in just over a month. In December, another Dash 8-Q400 suffered an in-flight engine fire en route from Glasgow to Belfast City Airport.
Temperatures at Inverness had been below freezing the previous evening, but in a statement to the BBC, an airport spokesman said the airport had opened for operations “following the standard winter operations processes and the runway and taxiway surfaces were prepared for airplane operations in accordance with our licensing requirements. There is no indication that there were any issues with the runway or taxiway surface conditions, following a number of early morning arrivals and departures.”
February 2015: News Item A-1: Finland has given the green light for StaffPoint Holding and G W Sohlberg (GWS) to acquire Flybe (BEE)’s 60% stake in Flybe Nordic (FCA).
Flybe Nordic (FCA), which is parent to Finnair (FIN) regional carrier Flybe Finland, was set up as a joint venture (JV) between Finnair (FIN) (40%) and Flybe (BEE) (60%) in 2011. However, (BEE) is pulling out of the venture because of its poor performance.
Finnish firms StaffPoint Holding and (GWS) have now been cleared to acquire the (BEE) shares for the token sum of €1/$1.20. “The transaction is expected to be closed in early February 2015,” (FIN) said.
Once the deal has gone through, StaffPoint will own 45% of the (JV), (FIN) will hold 40%, and (GWS) will take the remaining 15%. The partners are working on a new business plan, which is likely to include a name change.
News Item A-2: Flybe (BEE), following a gap in services of >3 years, has begun operating the Belfast City (BHD) to Liverpool (LPL) route again. In fact, it’s the 3rd time (BEE) has tried this airport pair, having also operated the 243 km sector between February 2005 and early 2007. The 78Y-seat, Dash 8-Q400-operated service will be flown 17x-weekly. Despite there being no direct airport pair competition, easyJet (EZY) does fly between Belfast International and Liverpool 39x-weekly.
News Item A-3: Flybe (BEE) has leased 4 ATR 72-600 turboprops from Singapore lessor Avation to undertake “white label” services on behalf of Scandinavian Airlines (SAS). (BEE) has taken the ATR 72s on 6-year leases, with the option of retaining them for a further 6 years.
“Our strategy is to diversify our risk by geographic dispersion of our airplane fleet and entering into these operating leases is consistent with that objective,” Aviation executive, Chairman Jeff Chatfield said. “The company has a large proportion of its airplanes in Asia-Pacific and will continue to seek clients in this region. However, the company views leasing airplanes to northern Europe provides appropriate diversification.”
Wet-lease (ACMI) services on behalf of (SAS) will begin in October this year.
The move comes just months after Flybe (BEE) pulled out of a loss-making joint venture in Finland.
(BEE) is a major operator of the Bombardier (BMB) Dash 8, the ATR’s main competitor in the regional turboprop market. “We’re using them because that’s the airplane (SAS) wanted to operate on the white label services,” (BEE) spokesman Andrew McConnell said.
March 2015: Flybe (BEE) has commenced its 2nd city pair from London Stansted (STN), joining existing services to Dundee (operated by franchisee Loganair). Starting on March 16th, (BEE) is now flying to the Isle of Man (IOM) with a 5x-weekly service, however, from the start of the Summer 2015 season, the operation will be ramped up to 17x-weekly. The 406 km route will be operated by (BEE)’s 74Y-seat Dash 8-Q400s and will face no direct competition. Indirect competition on the city pair comes in the form of British Airways (BAB) (from London City) and easyJet (EZY) (from London Gatwick).
April 2015: News Item A-1: Flybe (BEE) is on track to achieve breakeven at pre-tax profit level, in line with market expectations, the UK-based regional carrier, said in a trading update for the financial year ended March 31.
News Item A-2: Finnair (FIN) has acquired Flybe (BEE)’s 60% stake in Flybe Nordic (FCA) for €1/$1.08, temporarily giving it full ownership of the former joint venture (JV), while it finalizes a deal with Finnish investors Staffpoint and G W Sohlberg (GWS).
The 2 airlines set up (FCA) in 2011 through the acquisition of Finnish Commuter Airlines, with (BEE) acquiring a 60% stake and Finnair (FIN) taking the remaining 40%. However, last November, (FIN) said the partners were going their separate ways after failing to “arrive at a common understanding to resolve profitability issues.” (FIN) announced plans to either buy (BEE) out of (FCA), or find a buyer for (BEE)’s stake.
In January two Finnish firms, recruitment firm StaffPoint Holding and family-owned investment broker (GWS), signed a letter of intent (LOI) to buy (BEE)’s 60% Flybe Nordic (FCA) stake for the token sum of €1. Competition clearance has been granted, but this deal is yet to be finalized. If it is firmed, StaffPoint will own 45% of the (JV), Finnair (FIN) will hold 40% and (GWS) will take the remaining 15%.
(FIN) has now closed the acquisition of (BEE)’s stake, but it stressed this is an interim solution. “While the discussions with Staffpoint and (GWS) still continue, (FIN) will now acquire Flybe UK (BEE)’s share of Flybe Nordic (FCA). We hope to sign a new share purchase agreement in the coming months,” (FIN) (CEO), Pekka Vauramo said.
Flybe Nordic (FCA) is parent to operating carrier Flybe Finland, which operates a fleet of 26 airplanes, comprising 12 ATR 72s, 2 Embraer E170s and 12 E190s. (FIN) said the subsidiary, which will most likely be renamed, operates “a substantial part” of its domestic and European routes. Flights operated by (FCA) will continue normally as the sale talks continue.
After parting ways with (BEE), (FIN) hopes to find a “financially sustainable” solution for its regional flying. “We will take an important step to this direction at the beginning of May, when all routes operated by Flybe Finland (FCA) at their own commercial risk will become a part of (FIN)’s contract flying arrangements, as we have communicated earlier. (FCA) has also implemented several internal measures to improve the company’s financial position,” Vauramo said.
(FIN) will report on the financial impact of the deal during at the release of its interim results on May 7. (FIN) has already written down the value of its Flybe Nordic (FCA) shares, but it has previously acknowledged that the business requires “further restructuring.”
Commenting on the sale, (BEE) said: “The Flybe Group is pleased to announce the completion of the disposal of (BEE)’s 60% interest in (FCA) to (FIN). The agreement, which was 1st announced on November 12, 2014, is a significant step forward in (BEE)’s turnaround program.”
News Item A-3: The Sabre Corporation has started selling ancillary services for Flybe (BEE) using industry technology standards developed by (ATPCo) and (IATA) (ITA). This allows travel agents to shop and book the carrier’s ancillary services, such as baggage, carriage of sports equipment and unaccompanied travel, at the same time they book airfares in the Global Distribution System (GDS).
May 2015: Flybe (BEE) launched services on May 18th from its new Bournemouth (BOH) base to five of its nine new destinations from the airport, adding to the Glasgow service that launched on March 30th. The new base will initially operate with 2 Dash 8-Q400s operating a total of 53 weekly flights to Amsterdam (AMS), Biarritz (BIQ), Deauville (DOL), Dublin (DUB), Jersey (JER), Manchester (MAN), Paris (CDG), and Toulon Hyères (TLN). The news follows the launch of two other services by (BEE) from Southampton (SOU) to Milan Malpensa (MXP), and London Stansted (STN) to Newquay (NQY).
London Stansted (STN) to Newquay (NQY), 7x-weekly;
Southampton (SOU) to Milan (MXP), 2x- - - see photo "BEE-2015-05.jpg;
Bournemouth (BOH) to Deauville (DOL), Dublin (DUB), to Paris (CDG), all 4x-; to Manchester (MAN) 12x-; and to Jersey (JER) 8x-.
Dashy 8-Q402 (4187, G-PRPA), Republic Airlines leased.
June 2015: News Item A-1: "Flybe (BEE) Bottom Line Dragged Down by Disposal of Loss-making Finland (JV)" by (ATW) Anne Paylor, June 10, 2015.
UK-based regional carrier, Flybe (BEE) reported a net loss of -£35.7 million/-$55 million for the full year ended March 31, down from a profit of +£8.25 million in the previous financial year.
(BEE) said this year included £12 million worth of costs relating to discontinuation of its joint venture (JV) operations in Finland.
(BEE) (CEO) Saad Hammad said: “We have just completed the 1st full financial year of our 3 year transformation plan. Despite a more challenging environment than anticipated, significant progress has been made. There is much more to do, but Flybe (BEE) is back on track to recovery and profitable growth.”
Group revenue for the year declined -7.5% to £574.1 million year-on-year, which (BEE) attributed to a reduction in charter flying and a planned -7.6% reduction in capacity. Flybe UK (BEE)’s revenue fell to £550.7 million in Fiscal Year (FY) 2015 from £599.6 million during the previous financial year.
Passenger numbers largely mirrored (FY) 2014 levels, with 7.7 million carried during the year, despite a -7.6% reduction in capacity. This pushed the load factor up +5.7% points to an all-time high for the airline of 75.2% LF, but resulted in a -4.6% reduction in passenger revenue to £528.6 million.
Operating costs, including restructuring and surplus capacity costs, fell -5.7% to £565.7 million for the year, largely due to the reduction in fuel price and capacity. (BEE) said it achieved -£27 million worth of incremental gross cost savings during the year, which when added to the £47 million reduction achieved in (FY) 2014, gives cumulative gross savings of -£74 million over 2 years: +£3 million more than its November 2013 commitment.
(BEE) said that highlights of the year included completion of its cost restructuring, a +13% improvement in airplane utilization, exit from the loss-making joint venture with Finnair (FIN) on March 31, and exit without penalty from an $892 million obligation to buy 24 additional E175 jets from Embraer (EMB) with a simultaneous agreement to secure Bombardier (BMB) Dash 8-Q400 turboprops.
The transformation plan included reducing the employee count by -65, reconfiguring its route network, and the sale of the Finland JV. “As a result, there are a number of one-off and technical items that mask the underlying profit performance,” (BEE) said, pointing out that summer trading for this year was on track.
Looking forward, (BEE) said it “faces trading risks presented by current economic conditions in the aviation sector, particularly in relation to passenger volumes and yields and the associated profitability of individual routes.”
It said the group was exposed to fluctuations in fuel prices and foreign exchange rates, but had hedged its exposure to both.
“Having considered the forecasts and making other enquiries, the directors have a reasonable expectation that Flybe (BEE) has adequate resources to continue in operational existence for the foreseeable future,” (BEE) said.
July 2015: Flybe (BEE) has reported revenue of £152.7 million/$236.9 million in its 2015 - 2016 first quarter, up +9.8% compared to revenue of £139.1 million in the year-ago period. (BEE) said it was “a positive start” to the financial year.
(BEE) only releases profit figures in its half-year and full-year results.
Passenger numbers were up +9.8% at 2.1 million, but this was outstripped by a +12.3% increase in capacity, resulting in a load factor that dropped -1.7% to 74.1% LF.
(BEE), which is the largest regional carrier in Europe, said there had been “encouraging” unit revenue development, given its growth in capacity. The first quarter saw a +0.7% improvement in passenger yield to £70.33, although there was a -1.6% drop in revenue per seat to £52.12.
It recorded a -3.4% drop in UK costs per seat, excluding the costs of surplus airplanes to £51.92. As part of a fleet transformation, (BEE) is disposing of its fleet of Embraer E195 regional jets and focusing on the Bombardier (BMB) Dash 8-Q400 turboprop.
It still has 7 E195s on strength, most of which remain in use, with “a couple” parked until a long-term solution can be found, a spokesman said. Maximum financial exposure (effectively, lease and ownership costs) amounts to £80 million over the next 4 years, although exit costs from the fleet significantly below this figure are being targeted.
The company is adjusting after pulling out of an unprofitable joint venture in Finland and has just completed the first year of a three-year transformation program.
Network development has seen the launch of 30 new routes over the summer season, and a code share has been signed with Emirates Airline (EAD) covering 25 Flybe (BEE) routes across the UK.
“As we enter the next phase of our transformation, (BEE) has again delivered revenue and passenger growth in the quarter, demonstrating the strength of our core business,” (CEO) Saad Hammad said.
August 2015: News Item A-1: Flybe (BEE) commenced a 5x-weekly operation connecting Cardiff (CWL) with Munich (MUC) on August 31. (BEE)’s new German route is its 7th international service and 11th route in total from the Welsh capital, joining existing services to Jersey, Belfast City, Edinburgh, Glasgow, Paris (CDG), Faro, Düsseldorf, Milan Malpensa, Cork, and Dublin. Flown by (BEE)’s E195s, the sector faces no direct competition.
News Item A-2: Flybe (BEE) will commence ATR 72-600 operations on behalf of (SAS) Scandinavian Airlines with effect from October 25 onwards.
September 2015: News Item A-1: The UK Government has shortlisted fifteen domestic routes deemed eligible for financial support through its Regional Air Connectivity Fund (RACF). Launched in June 2013, the (RACF) offers airlines financial support to open up domestic and international routes to UK airports which see fewer than <5 million passengers per year. The fund has a total of GBP56 million/USD86 million available to cover 3 years of financial support for each route's initial start-up phase.
News Item A-2: Flybe (BEE) introduced its 1st ATR 72-600 series aircraft into its fleet, on lease from Avation PLC. It will operate from Sweden in the livery of (BEE)’s new partner in Northern Europe, Scandinavian Airlines (SAS).
During 2015 and 2016, (BEE) said it will incorporate into the (SAS) network 5 new 70-seat ATR 72-600s leased from Avation. The aircraft will be based at Stockholm’s Arlanda airport, from where they will serve selected (SAS) domestic and regional destinations. The operation of these aircraft is a result of the recently announced 6-year white label partnership recently established between Flybe (BEE) and (SAS), Scandinavia’s largest carrier.
Avation Plc Executive Chairman, Jeff Chatfield said: “We are satisfied with the financial outcome of owning over >20 ATRs we have flying today in the liveries of several airlines in a variety of countries and environments. We are pleased to be associated with 2 major European aviation operators like (BEE) and (SAS), and we are confident that the introduction of these new ATR 72-600s may generate opportunities to place additional new ATRs in Europe as airlines start replacing their earlier generation aircraft.”
October 2015: News Item A-1: Flybe begins daily, Liverpool - Edinburgh service at the end of October.
Flybe (BEE), as part of its new winter schedule from Southampton (SOU), has resumed daily service to Düsseldorf (DUS). (BEE)’s (CCO) Paul Simmons said: “We’re committed to bolstering regional connectivity across the UK and into Europe, and our new Düsseldorf service is a clear indication of this commitment. Flybe (BEE) has served the city pair between October 2006 and May 2013. In addition to this international service, (BEE) commenced daily domestic flights between Edinburgh (EDI) and Liverpool (LPL), as well as 4x-weekly operations from Exeter (EXT) to Glasgow (GLA). All 3 routes were started on October 25, are operated by the (BEE)’s Dash 8-Q400 fleet and none of them faces any direct competition.
News Item A-2: UK regional carrier Flybe (BEE) has released some initial indicators for its second-quarter trading and has rejoined the European Regions Airline Association (ERA).
(BEE), which is not due to publish its full-1st half results until November 11, said its 2nd-quarter revenues were up +13%.
Over the 3-month period, (BEE)’s passenger numbers rose +10.7% to 2.4 million. When combined with +13.8% additional capacity, this pushed its load factor down -2.2 points to 78.3% LF. Revenue per seat fell by -1%, but yields were up +2%.
“(BEE)’s turnaround continues, with our 3rd successive quarter of revenue, capacity and passenger number growth, against the very competitive market provided by other airlines and road, rail and ferry services. In our 2nd year of transformation, (BEE)’s performance in its core business is on track. We are also determined to finish redeploying our surplus E-Jet aircraft,” (BEE) (CEO) Saad Hammad said.
On October 8, (BEE) announced it had placed another of its 14 legacy Embraer E195s, leaving it with 6 still outstanding under “Project Blackbird.” Of the original 14, 5 were handed back to lessors and 2 have been placed on long-term agreement with the operators of Cardiff Airport.
“(BEE) is still in active discussions with other parties to redeploy the remaining six E195s and announcements will be made as appropriate,” (BEE) said.
The 8th aircraft is being taken by Rigby Group-owned Regional & City Airports (RCA) under a 5-year commercial agreement. The E195 will be based in Exeter, serving Exeter and Norwich with 8 routes to 5 European destinations: Alicante, Faro, Malaga, Palma, and Geneva.
“The partnership, which involves significant investment from both parties, will safeguard the future of Exeter Airport’s existing holiday routes and see the return of sunshine flights to Norwich for the 1st time in almost a decade,” (RCA) said. “(RCA) plans to investigate the possibility of adding additional routes where there is sustainable demand.”
(RCA) owns Norwich, Exeter, and Coventry airports and manages Blackpool International and the City of Derry Airport. The group is “actively seeking additional growth opportunities.”
(BEE) also rejoined the regional airline association (ERA), taking the body to 54 airline members. “Joining the (ERA) will provide excellent networking and business opportunities and ensure that (BEE)’s interests in areas such as (EU) 261 [passenger rights regulation] are represented at the highest levels in Europe,” Hammad said.
(BEE) carries 7 million passengers a year across its network of 149 UK and European routes.
News Item A-3: Flybe (BEE) has signed an exclusive 6-year global maintenance agreement with ATR for 5 ATR 72-600s. ATR will provide comprehensive technical support, including management of spare parts, propeller maintenance & availability and repair & overhaul of Line Replaceable Units (LRU)s such as landing gear and fuel nozzles.
November 2015: News Item A-1: UK-based regional carrier, Flybe (BEE) recorded a net profit of +£26.8 million/+$40.7 million for the 1st half of its 2015/2016 financial year, compared to a loss of -£3.4 million in the year-ago period.
Revenue was up +10.3% to £339.6 million compared to £307.8 million a year ago. “Our turnaround is on course with a very encouraging performance in the 1st half,” (BEE) (CEO) Saad Hammad said. “We have returned to profit by delivering significant revenue growth through capacity investment and improved commercial execution, while reducing unit cost.”
(BEE) has just completed its program of redeploying its fleet of Embraer E195s and the financial benefits of this would start to materialize in the next financial year, Hammad said.
However, he cautioned that competitive pressures are expected to grow in the second half of the current year, with the whole industry benefiting from lower fuel costs and growth in seat capacity: “Against this backdrop, we are remaining disciplined in cost control and our capacity growth plans. Our focus will be on building service frequency on our established routes to maximize our appeal to time-sensitive business travelers.”
(BEE) said passenger numbers for the 1st half rose +10.2% to 4.5 million and (BEE)’s share of the UK regional market rose +0.4% to 51.2%.
The 1st half of the year saw a +1.6% increase in yield to £72.05, with load factor dipping -2% to 76.3% LF.
A -7% reduction in cost per seat (including fuel) at constant currency benefitted from a combination of lower costs of flying its surplus E195s, the non-recurrence of 1-time charge of £4 million for historic liabilities, together with lower costs in aircraft ownership and marketing.
With progress on the profits front, (BEE) now intends to deploy more capacity on its European routes.
News Item A-2: "Finnair Finalizes Flybe Nordic Sale" by (ATW) Victoria Moores, November 4, 2015.
Finnair (FIN) has finalized a deal to sell 60% of Nordic Regional Airlines (Norra), formerly known as Flybe Nordic (FCA), to Finnish investors StaffPoint Holding and Kilco Oy for €1/$1.09.
In January, (FIN) signed a memorandum of understanding (MOU) to sell the 60% stake to human resources (HR) specialist, StaffPoint and G W Sohlberg (GWS). But, in a November 4 stock exchange disclosure, (FIN) said Kilco Oy had stepped in to replace (GWS).
Kilco Oy is an investment company which is owned by StaffPoint (CEO), Mika Kiljunen’s family. It is also a shareholder in StaffPoint.
“Finnair (FIN), StaffPoint Holding and Kilco Oy have now agreed on transactions whereby 60% of the shares in Nordic Regional Airlines (FCA) would be transferred to the ownership of StaffPoint and Kilco. The latter enters the arrangement in lieu of (GWS), which was previously part of the negotiations,” (FIN) said in the disclosure.
Following the acquisition, which will require Finnish competition clearance, StaffPoint will hold 45% of Nordic Regional Airlines (FCA), Kilco will own 15%, and (FIN) will hold 40%.
“We are satisfied that the negotiations reached a conclusion and that Norra (FCA) and its board of directors are now free to keep developing the company and improving the profitability of regional flying,” Finnair (FIN) (CEO) Pekka Vauramo said.
Flybe Nordic (FCA) was a joint venture (JV) between (FIN) and (BEE). (FIN) assumed full control of the (JV) in March, in preparation for the onward sale. Norra (FCA) operates a fleet of 26 ATR 72 and Embraer (EMB) aircraft on domestic and European routes.
News Item A-3: "Flybe Concludes Redeployment of E195 Fleet" by
(ATW) Alan Dron, November 6, 2015.
Flybe (BEE) has completed its search for new uses for its surplus Embraer E195s.
Finding roles for (BEE)’s 14 original regional jets has been described as the last remaining legacy issue for (BEE), which has undergone major changes in recent times, bringing in new management and shedding its unprofitable Finnish operations.
5 of the aircraft had previously been handed back to lessors (2 were based earlier this year at Cardiff Airport in Wales and 1 serves Exeter and Norwich airports to provide UK and European connections for the 3 regional destinations).
(BEE) announced November 3 that the remaining aircraft would replace a Bombardier Dash 8-Q400 at Newquay, in the far SW of England, under a redefined Public Service Obligation (PSO) agreement with Cornwall Council to satisfy increased demand on the Newquay - London Gatwick route already operated by (BEE).
2 will be based at Doncaster Sheffield Airport, in northern England, flying to European destinations under a long-term agreement with the airport to provide additional connectivity.
3 will operate at Birmingham and Manchester airports, with 2 providing additional capacity on high load factor routes, and the 3rd providing standby cover across (BEE)’s network
The redeployment (known internally as "Project Blackbird") will cut (BEE)e’s previously indicated obligation of £80 million/$123 million over the remaining 4-year term of the aircraft leases by £40 million.
(BEE) said it estimated the financial cost of resolving the remaining E195s would be £20 million this year, reducing to around £10 million next year, then to £6 million the year after, and £4 million in the following year.
“The arrangements announced today are a superb result for all (BEE) stakeholders,” (BEE) (CEO) Saad Hammad said. “They avoid the need for any upfront payment, enhance UK regional connectivity, and have mitigated exposures to (BEE). With the last of our major legacy issues behind us, we can now focus all our attention on becoming a world-class regional airline.”
The latest redeployments were also welcomed by the airports where the aircraft will be based. “This is a transformational announcement, which brings massively enhanced connectivity to the Sheffield City Region’s airport,” said Steve Gill Managing Director of Doncaster Sheffield Airport. “Doncaster Sheffield Airport is already the fastest growing airport outside London. These 2 new aircraft will make available half a million new flight seats and is expected to grow our passenger traffic by around +30%.”
Newquay, which suffers from lengthy, slow road connections from Cornwall to London, will also benefit, said Adam Paynter Cornwall Council’s cabinet member for resources.
“The success of the (PSO) service has meant that passengers have sometimes struggled to get tickets for some flights. We know that this service is hugely important for businesses in Cornwall, with a large number of people regularly using the route to travel to and from London.”
News Item A-4: See below -
"BEE-2015-11 - Doncaster Sheffield Airport.jpg."
February 2016: News Item A-1: Flybe (BEE), established a presence at Rotterdam (RTM) on February 8 with its inaugural flight from Manchester (MAN), marking the start of this 12x-weekly service. It is the only route from the UK to Rotterdam outside of London. The 476 km sector is operated by (BEE)’s 78-seat Dash 8-Q400s and faces no direct competition. This new service will offer the 22 million people in our catchment area direct links to a fantastic city that offers passengers a wealth of attractions to visit as well as access to its thriving business district and the nearby city of The Hague.”
News Item A-2: Two more major users of London City Airport (LCY) (UK-based regional Flybe (BEE) and Ireland-based CityJet) have joined British Airways (BAB) in voicing concerns over any increase in charges to be imposed by a new owner for the inner-city facility.
The airport was put up for sale by current owners Global Infrastructure Partners in August 2015. Press reports have indicated that a price tag of £2 billion/$2.9 billion has been affixed to the airport, which has a heavy bias toward business passengers, particularly from the nearby Docklands financial district.
(BAB) warned that any attempt by new owners to recoup their costs by increasing landing and other charges could lead to it cutting back its services at (LCY).
Now CityJet has issued a similar warning. Noting that (BAB) and CityJet were, respectively, the largest and 2nd-largest users of the airport and together accounted for some 60% of total activity at the downtown airport, CityJet Executive Chairman Pat Byrne said that any increase in charges “brings into question the long-term sustainability of airline operations at (LCY).”
CityJet said the airport was already expensive for users, both in terms of equipment required to operate within (LCY)’s unusual physical constraints (an approach angle almost double the usual three degrees is required to avoid high buildings and get into the short runway, ruling out many types of aircraft) and in terms of the airport’s current charge per passenger, “which [is] the highest by far of London’s six airports.
“The £2 billion potential sale price quoted suggests that potential buyers consider the earning potential of the airport to be significantly in excess of where it is today, with a return on investment only being possible through increased charges to airlines and their passengers.”
Concerns about such increases had motivated CityJet and (BAB) to commission consultants (CEPA) to produce a report on the likely impact on airport charges following a sale. “The initial finding of the report would indicate the concerns (BAB) and CityJet share in respect of increased charges are well-grounded if the speculated sale price range for the airport is achieved.”
A 3rd major user of the airport, Flybe (BEE), said February 19 that it “is, of course, concerned that new owners may think they can recoup any premium paid for the airport by increasing charges. “We look forward to meeting them to talk about not only how they plan to retain airlines like Flybe (BEE) at London City, but also how they plan to incentivize us to grow our capacity there.”
Later, Global Infrastructure Partners (GIP), majority owners of London City Airport (LCY), sold the property to a Canadian-led consortium. The purchase price was not disclosed, but was widely reported in the UK financial media to be around £2 billion/$2.8 billion. (GIP) agreed to sell its 75% shareholding in (LCY) to a grouping comprising the Alberta Investment Management Corporation; Ontario Municipal Employees’ Retirement System, Ontario Teachers’ Pension Plan; and the infrastructure investment arm of the Kuwait Investment Authority, and Wren House Infrastructure Management.
The successful grouping is thought to have won the race for (LCY) from another Canadian consortium and the fast-expanding Chinese airline and transportation group (HNA).
On the airport’s website, the consortium was described as “international infrastructure operators, all with proven track records, which will bring significant financial and operational expertise to London City Airport.” It added that the consortium was “committed to the responsible, long-term ownership and development of London City Airport to ensure its continued strong position and reputation as a key airport for London.”
(LCY) “is a premium infrastructure company, operating in a very attractive market,” a consortium spokesman said. “We look forward to working closely with the airport’s strong management team to achieve the business’s full long-term potential.”
The airport, which adjoins London’s Docklands financial district, is popular with business executives because of its proximity and swift ‘curb to aircraft’ performance. An estimated 65% of its passenger throughput (which hit a record 4.3 million in 2015) is business traffic.
Several major airlines that use (LCY) have previously expressed concern over the projected £2 billion purchase price, which they suggested could only be recouped by new owners through higher charges. The International Airlines Group (IAG), CityJet and (BEE) have all warned new owners that they may move out of (LCY) if charges rise.
That message was repeated February 26 by (IAG), whose (BAB) CityFlyer subsidiary is the airport’s largest user.
“The new owners for London City should be left in no doubt that British Airways (BAB) can move flights elsewhere if it ramps up airport charges to fund its investment,” it said. “(BAB)'s customers will not swallow increased fares to fund unrealistic returns for a monopoly airport supplier.”
News Item A-3: "Strike Threat on (SAS) Nordic (BRT) Routes" by (ATW) Alan Dron, February 19, 2016.
A strike on some of (SAS)’s Nordic (BRT) services has been threatened from February 22, following a breakdown of negotiations between pilots (FC), cabin crew (CA) and the company that hires them.
The services, although operated in (SAS) colors, are operated by UK-based regional carrier (BEE), which won the contract to serve several Nordic destinations in 2015 under a “white label” arrangement.
The pilots (FC) and cabin crew (CA) on the aircraft are not directly employed by (BEE) but via a recruitment agency, Global Employer Company (GEC). Swedish pilots’ union (SPF) and cabin crew (CA) representative body Unionen say they have been trying to reach a collective labor agreement with (GEC) since last autumn, without success.
A statement from (SAS) February 18 said it expected personnel hired by partner companies such as (SAS) to have a collective labor agreement. It said that (GEC) had initiated talks but, despite negotiations continuing, the two unions had given notice of industrial action, “which is unacceptable.”
In recent years as part of its cost-cutting efforts, (SAS) has outsourced much of its short-haul flying, particularly on thinner Scandinavian and northern European routes, to other carriers with smaller, more economic aircraft more suitable for the routes.
(SAS) said that “it is conceivable that the conflict is really about the unions’ reluctance to allow new entrants to the Scandinavian market, not collective agreements.” Trade unions’ inability to adapt to changing market conditions was the real threat to jobs and the Scandinavian transport infrastructure, it added.
Routes likely to be affected by the dispute include several from Stockholm Arlanda to Swedish and Finnish destinations, including Visby, Turku, and Vaasa.
In a statement on its website, (SPF) said it had been told by (BEE) that it could not meet Swedish standards of salaries, working hours and vacations. (SPF) could not agree to lower standards for its members than currently existed, said its chief negotiator Tommy Larsson. It described (GEC) as a “one-man company” established with the sole purpose of acting as an employer for (BEE) pilots in Sweden.
(BEE) replied to several detailed questions on the strike with a brief statement. “(BEE) can confirm it is continuing to work closely with all relevant parties to effect a mutually agreed resolution in establishing collective bargaining agreements for the pilots and cabin crew working under its white label agreement with (SAS).
“(GEC) is an independent company that provides pilot (FC) and cabin crew (CA) recruitment and management services to (BEE).”
March 2016: News Item A-1: "Virgin Atlantic Boosts UK Regional Links with Flybe (BEE) Code Share" by (ATW) Alan Dron, March 30, 2016.
Virgin Atlantic (VAA) has signed a code share agreement with UK-based regional Flybe (BEE) for a network of routes connecting its London Gatwick, Manchester, and Glasgow operations with 18 regional airports in the UK and Western Europe.
The move comes 6 months after (VAA) halted its "Little Red" project, which used Airbus A320s leased from Aer Lingus (ARL) to provide feeder traffic from Manchester, Edinburgh, and Aberdeen to London.
That experiment was stopped, partly because of low load factors and partly because it was discovered that many passengers were using "Little Red" purely as a point-to-point service, rather than connecting with Virgin Atlantic (VAA) long-haul services.
The new code share was announced simultaneously with (VAA) revealing that it will be starting new routes from Manchester, the largest airport in the north of England, to Boston and San Francisco. They will be seasonal routes, beginning at the start of the 2017 summer timetable.
The new arrangement with (VAA) “reinforces our commitment to providing a ‘one stop to the world’ service enabling Flybe (BEE) passengers to make seamless onward connections with their own local regional airport,” (BEE) Chief Revenue Officer Vincent Hodder said.
Welcoming the new long-haul routes from Manchester, the airport’s Managing Director Ken O’Toole said the San Francisco service, in particular, was significant. Not only did it give the 22 million potential passengers living within 2 hours’ drive of Manchester Airport a new route that was likely to prove popular with leisure travelers, it would be a direct link to northern California, home to many technology and bio-medical startups.
News Item A-2: Flybe (BEE) between March 24 and 28 launched 16 new routes across its UK and European network, including it 1st based operations from Doncaster Sheffield (DSA).
Vincent Hodder Chief Revenue Officer, (BEE) said of the launch: “Today (March 24) is a day we have been working towards for a long time with 8 brand new routes starting over the next few days from a brand new base, and we are delighted to announce details of yet another new route with a service to Düsseldorf.” As well as launching a wealth of new routes from Doncaster Sheffield, (BEE) has also expanded operations by adding further routes from its Birmingham (BHX), Edinburgh (EDI), London City (LCY), Norwich (NWI), and Southampton (SOU) bases. Traveling to Norwich by train or car can take around 5 hours, so it can be expected this new service would be popular with business and leisure passengers. Norwich Airport is just 2 and a half miles from the city of Norwich and the gateway to the coastline and countryside of Norfolk.” The average weekly frequency of Flybe (BEE)’s new routes is 4.8. Only 2 of (BEE)’s latest routes will encounter direct competition, with services from Doncaster Sheffield to Alicante (ALC) and Malaga (AGP) facing Thomson Airways (ATZ)/(GUE) as an incumbent carrier.
April 2016: Flybe (BEE) has said reports in a UK Sunday newspaper that it is planning to start services from London’s Heathrow (LHR) airport are speculative.
(BEE), which is Europe’s largest regional carrier, operates from 4 other London airports: - Gatwick, Stansted, City, and Southend, but not from the capital’s main long-haul hub (LHR).
Available slots at (LHR) are in extremely short supply, but the airport’s major user, British Airways (BAB), is obliged to make available a batch of slot pairs to rivals as part of the competition conditions imposed on it by the European Commission (EC), when it acquired British Midland (bmi) (BMA) in 2011.
Virgin Atlantic (VAA) took up most of the slots in 2013 for its "Little Red" feeder service from Manchester, Edinburgh, and Aberdeen, but that service closed after failing to attract sufficient passengers; many of those who did use the services did not connect to (VAA) services as (VAA), the long-haul specialist had hoped, rather using the flights as point-to-point services.
Connectivity from UK regional airports to (LHR) has become a sore point for many UK business (C) flyers in recent years, as carriers such as British Airways (BAB) steadily cut back its UK domestic network in favor of larger, more profitable airplanes serving long-haul destinations.
In March, (BEE) announced a code share agreement with (VAA) to provide a network of routes from UK and western European airports to connect to (VAA)’s operations at London Gatwick, Manchester, and Glasgow.
(BEE) said it “cannot comment on the press speculation this weekend regarding any new slot allocation being considered at (LHR). Such decisions lie wholly within the remit of the slot allocator. However, any commercial operation would require attractive charges to be offered by (LHR).”
(BEE) considers (LHR) charges to be well above what it would be prepared to pay.
May 2016: Flybe (BEE) started 6 new services from 3 of its UK bases, as well as Amsterdam (AMS). The Liverpool (LPL) to Newquay (NQY) route began on May 21. (BEE)’s flight to Newquay can be there in just over an hour. Starting on May 23, (BEE) also linked to Dundee (DND) from Amsterdam. This is now the 4th route operated by Flybe (BEE) under the UK Government’s Regional Air Connectivity Fund. Beginning on May 21, (BEE) also commenced 3 routes from Birmingham.
Routes as follows:
Birmingham (BHX) to Limoges (LIG), 2x-weekly
(BHX) to Nantes (NTE), 2x-;
(BHX) to Rennes (RNS), Q400, 4x-;
Glasgow (GLA) to Newquay (NQY), Q400, 1x-;
Liverpool (LPL) to (NQY), Q400, 1x-;
Amsterdam (AMS) to Dundee (DND), Q400, 5x-.
September 2016: Dash 8 Q402 (4204, G-PRPI), ex-(G-CJFN) Nordiv Aviation Capital leased.
October 2016: News Item A-1: Flybe (BEE) (CEO) Saad Hammad has stepped down effective immediately by “mutual agreement,” (BEE) the UK regional airline said. “Both the board and Saad believe it is time for a new (CEO) to lead the next phase of (BEE)’s long-term development,” Flybe (BEE) said, announcing the leadership change to the stock exchange on October 26.
(BEE) non-Executive Chairman Simon Laffin has taken on the role of Executive chairman until a successor is found.
Hammad joined (BEE) in August 2013 and has headed up (BEE)’s turnaround plan. Laffin said the airline is “significantly stronger” following the transformation, citing Hammad’s leadership as a “major contributor” to that change.
In an unusual move, pilot (FC) union (BALPA) issued a statement: “We’re sorry to hear that (CEO) Saad Hammad will be moving on from Flybe (BEE). We’ve enjoyed a good relationship with him and he has had a positive impact on the airline during his 3 years. We wish him well for the future. (BALPA) hopes that a new (CEO) is found soon so we can begin to build new relationships and ensure our members in Flybe (BEE) have some stability in their senior management team.”
Flybe (BEE) will announce its half-year results on November 9.
News Item A-2: Blue Islands (UK) leased ex-Asian Wings (AWM) ATR 72-212A (634) from Castlelake for operation under Flybe (BEE) brand.
November 2016: UK-based regional Flybe (BEE) reported a 1st-half net profit of +£13.4 million/+$16.6 million, halved from a net profit of +£26.8 million in the same period last year. (BEE) said it made the profit on revenues of £383 million, up +43.4% from £339.6 last time.
The figures were delivered by Executive Chairman Simon Laffin after (CEO) Saad Hammad left the airline by mutual agreement last month.
Hammad was largely responsible for a 3-year turnaround program that successfully sought to ditch unwanted capacity and move the company to a fleet largely based around the Bombardier Q400 rather than Embraer E-Jets. The company also increasingly moved into “white label” flying on behalf of other carriers.
“Next year, for the 1st time since the initial public offering (IPO) in 2010, we will have control over our aircraft capacity,” Laffin noted. “We can begin to move from being a supply-driven business to a demand-driven business. This will free us for even greater focus on implementation excellence and refining route profitability.”
Flybe UK, which makes up the bulk of the organization, recorded a 10.2% increase in revenue to £364.6 million compared to the same period last year. Capacity rose +13.5%, which was not matched by passenger volumes, which climbed 7.1% to 4.8 million. Load factors dropped -4.3% to 72% LF.
The continued rise in passenger numbers across the industry gave cause for cautious optimism, said Laffin, who nevertheless warned that operating conditions were tough. Excess capacity in the European short-haul market, coupled with a weaker pound, and both business and consumer uncertainty, were affecting all airlines.
“However, (BEE) has a robust balance sheet and cash position. From this strong position, over the next 12 months, we will open our 1st European base in Düsseldorf and continue to cautiously test routes to maximize the returns from our existing capacity.” The group’s Aviation Services division, although a small part of the organization, was doing well, he added, notably in providing maintenance activities for the UK Royal Air Force’s Airbus A400M military transport fleet. White label flying revenue was also growing, through delivery of a major contract for Scandinavian Airlines (SAS).
The company described the market as “turbulent with limited forward visibility.” However, Flybe (BEE) said its robust balance sheet (net assets were £167.1 million, up from £154.2 million last time), cash position and strategy “will ensure its resilience in this market.”
December 2016: UK regional carrier Flybe (BEE) has named the former Head of Irish regional CityJet, Christine Ourmieres-Widener, as its next (CEO) and has secured slots to launch services from London Heathrow (LHR).
(BEE), the Exeter-headquartered airline has scooped up valuable (LHR) slots as a competition remedy from the International Airlines Group’s (IAG) 2011 acquisition of UK carrier bmi, which has since been merged into British Airways (BAB). Flybe (BEE) will use the slots to launch 2 new Scottish links from Terminal 2: a 6x-weekly (LHR) - Aberdeen route and a 9x-weekly (LHR) - Edinburgh service. Both will launch on March 26.
(BEE), which already flies from London City Airport, said this is the 1st time it has operated from (LHR). “The slots will not be purchased by (BEE) and will therefore not be brought onto the balance sheet,” (BEE) said. (BEE) used to operate from London Gatwick, but sold its slot portfolio to easyJet (EZY) in 2014. “We have long been lobbying for (LHR) to offer more opportunities for domestic flights to enhance regional connectivity. Whilst other operators may have dismissed the possibility of further domestic routes into (LHR), we look forward to working with the airport to further expand the range of domestic destinations,” (BEE)e Executive Chairman Simon Laffin said.
Flybe (BEE) recently signed a code share agreement with UK long-haul carrier Virgin Atlantic (VAA), which operates from (LHR). (VAA) ties into the story, as it originally secured some of the former bmi slots to launch short-haul feeder operation "Little Red," which was axed in September 2015.
(BEE) also announced the appointment of Ms Ourmieres-Widener as (CEO). Christine will take on her new role effective January 16, 2017, succeeding Saad Hammad who suddenly stepped down October 26. Hammad joined Flybe (BEE) in August 2013 and headed up (BEE)’s turnaround plan.
Laffin said Ourmieres-Widener brings extensive aviation and travel experience, as well as deep knowledge of the UK regional aviation market. Christine trained as an Engineer and began her career in Air France (AFA) Maintenance. She then held several sales roles with industry Information Technology (IT) specialist Amadeus, before becoming Air France (AFA) - (KLM)’s New York-based VP. Between 2010 and 2015, she was the (CEO) of Cityjet and has since been Chief Global Sales Officer for American Express Global Business Travel. “As Europe's largest regional airline, Flybe (BEE) is already in a strong position, and I believe can deliver significantly more over the coming years,” Christine said.
(BEE) disclosed that Christine Ourmieres-Widener will receive a £400,000/$498,000 basic salary, with potential to double this figure through bonuses. She will also receive £120,000 to cover relocation costs from New York.
Laffin took on an executive role with Hammad’s departure. He will return to his former position when Ourmieres-Widener arrives.
January 2017: Virgin Atlantic Raises More Funding; Expands Flybe Code share" by (ATW) Victoria Moores firstname.lastname@example.org, January 10, 2017.
Virgin Atlantic (VAA) has raised an additional +£32 million/+$39 million and has extended its code share agreement with UK regional carrier Flybe (BEE).
(VAA) raised the funding by extending a transaction secured on its London Heathrow (LHR) slots that was announced a year ago. This was the 1st of a kind in Europe and has now been extended to £252 million.
“Proceeds of the financing will support (VAA)’s long-term investment program, including a fleet modernization, which sees all aircraft replaced in a decade (giving (VAA) 1 of the world’s youngest fleets. In 2016, the airline confirmed an order for 12 Airbus A350-1000s, of which it is purchasing 8 outright,” (VAA) said issued January 10.
Virgin Atlantic (VAA), which is part-owned by Delta Air Lines (DAL), will release its 2016 results in March and is expected to post a 3rd consecutive year of profits. The all-long-haul airline flies to 33 destinations using a fleet of 39 Airbus A330-300s, A340-600s, Boeing 787s and 747s.
On January 9, (VAA) also said it had extended a code share with Flybe (BEE) to include flights between Scotland and (LHR), specifically connecting (BEE)’s services from Aberdeen and Edinburgh with (VAA) flights to Africa, Asia, the Middle East and the USA from March 26.
“The extended code share agreement builds on the partnership we announced last year, which has proved popular with customers across the UK,” (VAA) Executive VP Commercial Erik Varwijk said.
(VAA) flies from (LHR) to Atlanta, Boston, Delhi, Dubai, Hong Kong, Johannesburg, Lagos, Los Angeles, Miami, New York, San Francisco, Seattle, Shanghai, and Washington.
February 2017: News Item A-1: ACCDT: A Flybe (BEE) Bombardier Dash 8-Q400 (PW150A) (4136, /06 G-JECP) twin turboprop suffered a landing accident at Amsterdam Schiphol International Airport (AMS) on February 23. (AMS) confirmed on its website, “The landing gear of a Flybe (BEE) airplane collapsed during touchdown at the Oostbaan at Schiphol around 17.00 hr. There were 59 people on the plane. Nobody was injured. The cause of the incident is being investigated.”
According to the Flight Safety Foundation (FSF)’s Aviation Safety Network (ASN), the aircraft “departed Edinburgh, Scotland, on a scheduled passenger service to Amsterdam at 14:21 (UTC). About 15:22 (UTC), the aircraft entered a holding pattern over the North Sea off the western coast of the Netherlands. It left the holding about 15:38 (UTC) and positioned for an approach to runway 22. The aircraft touched down about 15:54 (UTC).”
The (ASN) went on to say that “videos from the occurrence show that, during landing roll-out, the right hand main landing gear slowly folded back in. The aircraft came to rest on the runway with the right hand wing tip contacting the ground. The flight crew (FC) issued a mayday call after the accident and subsequently issued another mayday call, stating that they were evacuating the aircraft due to smoke in the cabin.”
The airport was experiencing high wind gusts through the day, though it is not clear if the weather affected the aircraft’s landing. Wind at the time of the landing was recorded as being from 240 degrees at 31 knots, gusting to 46 knots, according to (ASN).
A Flybe (BEE) spokesperson said: “Following the incident at Amsterdam Schiphol, all 59 passengers who were on board Flybe (BEE) flight BE1284 have now continued their journeys. There were no injuries in the incident, which happened shortly after the Bombardier Dash 8-Q400 landed at Schiphol Airport at 1659 local time.”
(BEE) (CEO) Christine Ourmieres-Widener said in a Twitter post February 23, “Our highest priority is the safety and well-being of our passengers and crew. Our pilots (FC) regularly train for situations such as this in simulators at our training academy in Exeter. Our cabin crews (CA) are also fully trained to deal with these situations professionally. We have sent a specialist to offer assistance to the investigation and we will now do all we can to understand the cause of this incident.”
The Dutch Safety Board is expected to investigate the incident.
News Item A-2: Flybe (BEE) will launch 2x-weekly Yorkshire’s Doncaster Sheffield - Palma from July 7.
News Item A-3: Bombardier (BMB) Dash 8-Q402 (4203, G-PRPK), ex-(N203WQ), Nordic Aviation Capital leased, ferried Toronto to Birmingham.
March 2017: Bombardier (BMB) Dash 8-Q402 (4213, G-PRPN), ex-(N213WQ), Nordic Aviation Capital leased, ferried Toronto to Norwich.
May 2017: Flybe (BEE) launched Budapest’s (BUD) 5th direct connection to the UK capital London on May 4, when (BEE) made its inaugural 3x-weekly flight from London Southend (SEN). The Hungarian airport is expecting a +14% year-on-year increase in UK passenger traffic, and will serve up to 1.5 million round-trip passengers to and from the UK capital this year.
(BEE)’s link joins existing services with other carriers to London Gatwick, London Heathrow, London Luton and London Stansted (making the London market by far the largest city pair served from Budapest).
This month, (BEE) also launched flights from the London airport to Prague (PRG) and Venice Marco Polo (VCE). Additionally, (BEE) began a 3x-weekly domestic service between Guernsey (GCI) and Cardiff (CWL) which is operated on (BEE)’s behalf by Blue Islands.
Bombardier Dash 8-Q402 (4214, G-PRPO) delivery.
August 2017: News Item A-1: British Airways (BAB) and Scottish regional airline Loganair have concluded a new code share agreement, the 2 carriers have confirmed. The airlines said earlier this month they were working on a code share as part of a cooperative agreement that will take the place of Loganair’s current franchise operation on behalf of UK regional airline Flybe (BEE).
The latter arrangement ends September 1, after Loganair and (BEE) were unable to agree a continuation of their agreement.
The (BAB) code share will enable customers from the Scottish Highlands and Islands to book directly onto services on (BAB)’s global network at London’s Heathrow, Gatwick and City airports.
Loganair customers will be able to connect onto (BAB)’s domestic services at Inverness, Edinburgh, Glasgow and Aberdeen with the facility to check-in hold baggage at their departure airport straight through to their destination.
Loganair flights between the Highlands and Islands airports and Edinburgh, Glasgow, Aberdeen, and Inverness under the new code share agreement will be eligible for ticket discounts under an existing Scottish government scheme to cut the cost of transport links to some of the more remote airports in the country.
New Loganair services to and from Manchester, NW England, will also be included in the code share partnership, enabling customers to take advantage of new connections from points including Glasgow, Inverness and Norwich onto the growing family of (BAB) services at the NW hub.
The airlines operated as franchise partners between 1994 and 2008, and operated a smaller code share agreement even during the Loganair/Flybe (BEE) franchise period.
“We believe the new code share agreement will bring enormous benefits to the Highlands and Islands, significantly boosting the region’s economy by extending the global reach of the area’s businesses and communities through British Airways (BAB)’s worldwide network,” (BAB) Head of Alliances, Rishi Kapoor said.
“Additionally, it will boost the region’s inbound tourism sector by making it easier for visitors from all over the world to travel to some of the most remote and beautiful parts of Scotland.”
December 2017: Air Seychelles (ASY) has appointed Remco Althuis as its interim (CEO), following the resignation of his predecessor, Roy Kinnear who is taking up the role of Chief Commercial Officer (CCO) at UK-based regional carrier Flybe (BEE), after holding the top slot at (ASY) since July 2015.
January 2018: Flybe (BEE) is feeling the benefits of a renewed focus on operating costs and fleet trimming.
In a third quarter (3Q) trading update of its 2017 to 2018 financial year, (BEE) reported a +7.4% rise in revenue, to £172.8 million/$244.8 million, up from £160.8 million for the year-ago period.
Passenger numbers were up +8.1% at 2.3 million; combined with a -4.2% drop in capacity at 3 million seats, which resulted in a load factor of 75.8% LF, up from 67.2% LF a year ago.
Passenger yield inched up +0.4% to £69.81, while passenger revenue per seat increased +13.3% to £52.92.
The fleet reduction came with the handing back of 4 end-of-lease Bombardier Dash 8-Q400s; a further 2 will leave the fleet before the end of March.
Flybe (BEE), Europe’s largest regional carrier, has a fleet of around 50 Q400s and 20 Embraer Regional Jets. It also operates around a small number of ATR 72 turboprops on behalf of (SAS) Scandinavian Airlines.
“We are making strong progress against our sustainable business improvement plan,” (BEE) (CEO) Christine Ourmieres-Widener said. “During this quarter, we continued with our planned fleet and capacity reductions and delivered higher load factors, increased passenger numbers and strong unit revenue performance. We expect this improvement to continue, but at a slightly lower rate in the final quarter of the year,” she said.
“As we continue to reduce our fleet size (but face the impact of higher fuel prices and reduced foreign currency exchange hedging gains) we are going to be even more focused on improving our cost base.”
On fuel costs, (BEE) is hedged 76% at $519 per tonne for (1H) 2018 to 2019. For (2H), it is 46% hedged at the same price.
April 2018: Flybe (BEE) franchise partner Eastern Airways will take over operating the 2x-weekday daily (plus a Sunday service) Aberdeen to London City route from May 7. Long term, the route will be operated by a 76-seat Embraer E170 jet, but will initially start with a 50-seat Saab 2000 aircraft.
Click below for photos:
BEE-B AE 146-300 LOGOJET MANSION
BEE-Dash 8-400 2018-01.jpg
BEE-DaSH 8-402Q 4089 G-JEDU 2016-06.jpg
BEE-E175 SCD G-FBJF 2016-10.jpg
0 737-3YO (CFM56-3) (1625-24255, /88 G-OBWX), EX-(MON)/(TES), (AUA) LEASED. RETURNED.
0 737-36N (CFM56-3) (3031-28572, /98 G-STRE), EX-(AUA), (GEF) LEASED 2005-03. RETURNED. 148Y.
0 737-33A (CFM56-3C1) (2012-25011, /91 G-STRI, 2005-03; 2069-25119, /91 G-STRJ, 2005-05), EX-(CRM), (AUA) LEASED. BOTH RTURNED. 136Y.
0 B AE 146-100 (ALF502R-5) (E1035, /86 G-JEAU), IN (AFA) COLORS, E1035; FOR SALE. 74Y.
0 B AE 146-100 (ALF502R-5) (E3236), EX-TRIDENT AVIATION 2005-03. WFU 2008-10.
0 B AE 146-200 (ALF502R-5) (E2099, /88 G-JEAJ "PRIDE OF GUERNSEY;" E2103, /88 G-JEAK "PRIDE OF BIRMINGHAM;" E2020, /84 G-JEAS; E2064, /86 G-JEAV; E2059, /86 G-JEAW; E2136, /89 G-JEAX; E2138, /89 G-JEAY), E2064 WFU 2005-01 IN STORAGE. E2103; RTND; LST HEMUS AIR (HMS). ALL LAST 5 WFU BY OCTOBER 2008. 97Y.
0 B AE 146-300 (ALF502R-5) (E3202, /91 G-JEBF; E3209, /92 G-BVCE; E3128, /89 G-JEAM "PRIDE OF JERSEY;" E3181, /91 G-JEBA; E3185, /91 G-JEBB; E3189, /91 G-JEBC; E3191, /91 G-JEBD; E3206, /92 G-JEBE; E3205, /91 G-JEBH; G-JEBG, 2006-05 HAS RED "MANSION" LOGOJET MARKINGS - - SEE PHOTO - - "BEE-B AE 146-300 MANSION"), E3205 SOLD TO FLIGHTLINE 2005-01. ALL LAST 8 WFU BY OCTOBER 2008. 112Y.
1 ATR 42-512 (623, OK-JFJ), EX-(F-WWLF), (CSA) LEASED 2012-03, FOR FLYBE NORDIC OPERATIONS.
1 ATR 72-600, AVIATION LEASED 2015-09, OPERATIONS FOR (SAS).
1 ATR 72-212A (634) EX-CASTLELAKE, ASIAN WINGS (AWM) LEASED 2016-10.
1 DHC-6-300 TWIN OTTER (G-BZFP - - SEE PHOTO - - "BEE-TWIN OTTER-2009-05"), LOGANAIR OPERATIONS.
0 BOMBARDIER DASH 8-201 Q200 (PW123C) (541, /00 G-JEDX; 542, /00 G-JEDY; 547, /00 G-JEDZ), 541; 542; ST BOMBARDIER 2004-06; 547 ST BOMBARDIER 2004-07. 37Y.
0 BOMBARDIER DASH 8-Q300 (PW123) (533, /99 G-JEDD; 534, /99 G-JEDE; 548, /00 G-JEDF), 533 RTND 2004-09. 534;& 548; RTND 2005-06. 50Y.
61 +9 OPTIONS BOMBARDIER DASH 8-Q402 (PW150A) (4052, /01 G-JEDI; 4058, /01 G-JEDJ; 4065, /02 G-JEDK "VIGNOBLE DE BERGERAC;" 4067, /02 G-GEDL; 4077, /03 G-JEDM; 4078, /03 G-JEDN; 4079, /03 G-JEDO; 4085, /03 G-JEDP; 4087, /03 G-JEDR; 4088, /04 G-JEDT; 4089, /04 G-JEDU; 4090, /04 G-JEDV; 4094, G-JECF, 10/04; G-JEDW, 2004-05; G- 2004-07; G- 2004-08; 4096, G-JECG NTU; G-4098, G-JECG, 2005-01; 4103, G-JCEH, 2005-04; 4105, G-JECI 2005-06; 4113, G-JECK, 2006-01; 4114, G-JECL, 2006-01 DEDICATED TO THE LATE GEORGE BEST, SOCCER LEGEND OF MANCHESTER UNITED & IRELAND - SEE PHOTO; 4118, G-JECM 2006-04; 4120, G-JECN; 4126, /06 G-JECO, 2006-07; 4135, /06 G-JECP, 2006-10; 4136, /06 G-JECQ; 4139, G-JECR, 2006-12; 4142, G-JECS, 2006-12; 4144, G-JECT, 2007-01; 4146, G-JECU, 2007-02; 4148, G-JECV, 2007-04; 4152, G-JEVW, 2007-04; 4155, G-JECX, 2007-06; 4157, G-JECY, 2007-06 "SPIRIT OF LIBERUM;" 4179, G-JECZ, 2007-11; 4180, G-ECOA, 2007-12; 4185, G-ECOB, 2008-01; 4187, G-PRPA, 2015-05; 4197, G-ECOC, 2008-03; 4201, G-KKEV, 2008-04; 4203, G-PRPK, 2017-02; 4204, G-PRPI, 2016-09; 4212, G-ECOE, 2009-07; 4213, G-PRPN, 2017-03; 4214, G-PRPO, 2017-05; 4216, G-ECOF, 2009-09; 4229, G-ECOJ, 2009-01; 4230, G-ECOK, 2009-01; 4233, G-ECOM, 2008-12; 4237, G-ECOO, 2009-01; 4242, G-ECOP, 2009-04; 4248, G-ECOQ, 2009-04; 4251, G-ECOT, 2009-05; 4253, G-FLBA, 2009-07; 4255, G-FLBB, 2009-07; 4257, G-FLBC, 2009-07; 4259, G-FLBD, 2009-07; 4261, G-FLBE, 2009-09; 4267, G-PTHA, 2009-09; 4268, G-PTHB, 2009-08; 4344, G-FLBF, 2011-01), 4259; 4267, SX-OBA; 4268, G-FLBD; LEASED TO (OLY) 2009-08; 4276, G-PTHC; LEASED TO (OLY) 2009-11; 4311; LEASED TO (OLY) 2010-05). 4212 RETURNED FROM (OLY) 2010-06. 4021; 4022; RETURNED 2011-01. 4085; RETURNED TO SERVICE 2014-07 AFTER STORAGE. 4090; REPAINTED IN NEW COLORS AND RETURNED TO SERVICE 2014-06. 78Y.
0 CRJ-200 (7434, G-JECC). RETURNED.
35/65/40 ORDERS (2011-04) EMBRAER E175, 88Y:
14 +2 EMBRAER E175ST (0326, G-FBJA; 0327, G-FBJB; 0328, G-FBJC; 0329, G-FBJD; 0333, G-FBJE; 0341, G-FBJF - SEE PHOTO 2016-10; 0351, G-FBJG; 0355, G-FBJH; 0359, G-FBJK; 0361, G-FBJL; 0363, G-FBJI; 0366, G-FBJJ; G-FBJK; G-FBJM; G-FBJN; G-FBJO), 76Y.
14 +1/15 ORDERS EMBRAER E195LR (CF34) (00029, G-FBEA - SEE PHOTO, 2006-09; 00057, G-FBEB, 2006-12; 00069, 2007-03; 00084, G-FBED, 2007-06; 00093, G-FBEE, 2007-07; 00104, G-FBEF, 2007-09; 00120, G-FBEG, 2007-11; 00128, G-FBEH, 2007-11; 00143, G-FBEI, 2007-12; 00155, G-FBEJ; 00168, G-FBEK, 2008-04; 00184, G-FBEL; 00204, G-FBEM; 00213, G-FBEN), 118Y.
Click below for photos:
BEE-5-JOHN PALMER - 2013-08
BEE-6-Phil Delaney - 2015-11.jpg
BEE-7-ANDREA HAYES - GM MKT DEV-2009-06
SIMON LAFFIN, EXECUTIVE CHAIRMAN (2013-11).
MS CHRISTINE OURMIERES-WIDENER, CHIEF EXECUTIVE OFFICER (CEO), EX-(AFA) - (KLM)/CITYJET (2017-01).
Christine trained as an Engineer and began her career in Air France (AFA) Maintenance. She then held several sales roles with industry Information Technology (IT) specialist Amadeus, before becoming Air France (AFA) - (KLM)’s New York-based VP. Between 2010 and 2015, she was the (CEO) of Cityjet and has since been Chief Global Sales Officer for American Express Global Business Travel. “As Europe's largest regional airline, Flybe (BEE) is already in a strong position, and I believe (BEE) can deliver significantly more over the coming years,” Christine said.
SAAD HAMMAD, CHIEF EXECUTIVE OFFICER (CEO), EX-(EZY)/(BER) (2013-08), RESIGNED 2016-10.
ROY KINNEAR, CHIEF COMMERCIAL OFFICER (CCO), EX-AIR SEYCHELLES (ASY) (2017-12).
Roy recently was Chief Executive Officer of Air Seychelles (ASY).
VINCENT HODDER, CHIEF REVENUE OFFICER.
SIMON CHANCE, MANAGING DIRECTOR (AVIATION SERVICES).
MATT BENNETT, DIRECTOR INTERNAL AUDIT & RISK, NOW ALSO DIRECTOR SPECIAL PROJECTS.
MARTIN SAXTON, SCHEDULE PLANNING DIRECTOR.
JOHN PALMER, DIRECTOR AIRCRAFT MAINTENANCE & INTERIM DIRECTOR OPERATIONS.
PHIL DELANEY, DIRECTOR SALES & DISTRIBUTION.
DAVID ATTENBURROW, FLEET PLANNING DIRECTOR.
JOHN ALFORDS, FLIGHT OPERATIONS DIRECTOR.
MARSHALL BARRAND, DIRECTOR OF AVIATION.
CAPTAIN BRIAN WATT, DIRECTOR SAFETY, QUALITY & COMPLIANCE.
SIMON GRACE, SAFETY & QUALITY MANAGER - AVIATION SUPPORT.
IAN JOHNSON, DIRECTOR INFORMATION SYSTEMS & TECHNOLOGY (IT) (2005-09).
VINCE HODDER, CHIEF REVENUE OFFICER.
PAUL WILLOUGHBY, GENERAL MANAGER UK (SOUTH).
ANDREA HAYES, GENERAL MANAGER MARKET DEVELOPMENT.
SEE PHOTO - - "BEE-GM-MKT DEV-2009-06."