Flybe to rise from the ashes
Posted: 19 Oct 2020, 10:27
Moley wrote:I'm slightly more positive about this. It appears that they have no intention of relaunching until the pandemic eases in 2021.
Additionally, from media reports, it appears that they have not taken on the pre-existing fleet. There are going to be some cheap leasing deals on aircraft available given the contraction in demand.
If Cyrus are in this for the long run then they will pick their routes carefully, presumably enter into a code-share agreement with Virgin given their close links. I give it 3 years before they snap up the couple of small airlines which picked up ex-Flybe routes and by 2025, I think we may see Virgin Connect actually happening.
David wrote:I'm with you Moley - I was always under the impression one of the reasons FlyBe couldn't make money was the aircraft / leases entered into by the previous owners where wrong for their model. Virgin Connect struggled to get out these existing leases.
Air travel will come back albeit slowly and if you have the money and now the time to start with routes / aircraft you want, there's every chance that in the future (maybe 3 or 4 years from now) it could be a very successful purchase.