Flybe

[Cambrian]

That will set the cat amongst the pigeons. The Virgin deal is supposed to complete on the 22 Feb. Interesting times.

 

[BHX492]

Only problem is that connect has already paid 15 millions so Flybe would have to pay it back

 

[Jerry]

That's interesting! Mesa Air aren't small 145 aircraft with CRJ700 and 900 that it operates under American and E175s it operates under United.

 

[Rob c DSA]

Very interesting development

 

[mullion]

Where does the other 51% come from as an American company can only own 49%

 

[BHX492]

Apparently Flybe has signed the business assets to connect Airways

This link contains a PDF

https://www.flybe.com/application/files/8115/4756/9855/SPA_for_Flybe_Ltd.pdf

 

[BHX492]

Not sure how true it is but apparently as soon as the stock market opens tomorrow. Flybe will be making an announcement say that the airline has been sold to connect and have took power of it

 

[Coathanger16]

Not sure how true it is but apparently as soon as the stock market opens tomorrow. Flybe will be making an announcement say that the airline has been sold to connect and have took power of it

Sounds true as they've rejected the other offer they've had:

FLYBE REJECTS ALTERNATIVE RESCUE BID AMID ONGOING SALE

https://www.independent.co.uk/trave...stobart-air-deal-andrew-tinkler-a8787631.html

 

[BHX492]

Sounds true as they've rejected the other offer they've had:

FLYBE REJECTS ALTERNATIVE RESCUE BID AMID ONGOING SALE

https://www.independent.co.uk/trave...stobart-air-deal-andrew-tinkler-a8787631.html

yh feel sorry the the shareholder that have kept or bought share today and because they have signed everything does that mean the Flybe flights fly now are actually connect airways

 

[Seasider]

I think FlyBe need the sale to go through so it will release the money held by the credit card companies.

 

[Flybeboy]

Flybe have just said on twitter ***Links to other Social Media platforms are not permitted***- the sale to connect group has done.

 

[Jerry]

Here's the link to the tweet.

https://twitter.com/i/web/status/1098676330659569665

 

[737 400]

So will the airline continue to trade as Flybe or under the new name of Connect Airways?

 

[Jerry]

So will the airline continue to trade as Flybe or under the new name of Connect Airways?

Flybe for now at least. I'd have thought Connect will be the holding company similar to IAG

 

[Flybeboy]

Deal is done, shareholders aprove deal, what iam told ill be know as virgin connect.

 

[Jerry]

Deal is done, shareholders aprove deal, what iam told ill be know as virgin connect.

So Flybe will change it's name too Virgin Connect? Sad to see the Flybe name go

 

[Aviador]

So Flybe will change it's name too Virgin Connect? Sad to see the Flybe name go

I agree it will be sad to see the Flybe brand go but sadly too many customers associate it with a failing airline suffering from delays. Customers will associate Virgin Connect with Virgin Atlantic so customer expectations will be high. The new company will be able to give the airline a truly new lease of life and hopefully with new branding, livery and customer experience that is the same throughout.

 

[louis_walton]

I agree it will be sad to see the Flybe brand go but sadly too many customers associate it with a failing airline suffering from delays. Customers will associate Virgin Connect with Virgin Atlantic so customer expectations will be high. The new company will be able to give the airline a truly new lease of life and hopefully with new branding, livery and customer experience that is the same throughout.

100% agree with that! So many Flybe routes are business routes but so many business users associate them with cancellation.

 

[BHX492]

I just can’t believe that Flybe has to pay 141 million to use the virgin brand

 

[BlueManc]

Shareholder revolt averted. Not surprising as they were given 2 options (a) agree (b) wind up the company with immediate effect!

Results of the Court Meeting and the General Meeting
Flybe Group plc ("Flybe" or the "Company") is pleased to announce that at the Court Meeting and the General Meeting held earlier today in connection with the recommended cash offer for Flybe by Connect Airways Limited ("Connect Airways"), under which Connect Airways will acquire the entire issued and to be issued share capital of Flybe (the "Acquisition") to be effected by means of a Court sanctioned scheme of arrangement under section 899 of the Companies Act 2006 (the "Scheme"):