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  1. #1
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    Default Flybmi goes bust

    Blames some of the root cause on brexit I dont think so BBC scare mongering again .....
    https://www.bbc.co.uk/news/uk-47267901

  2. #2
    Moderator Tobias's Avatar
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    Quote Originally Posted by Samsung View Post
    Blames some of the root cause on brexit I dont think so BBC scare mongering again .....
    https://www.bbc.co.uk/news/uk-47267901
    Oh dear, it’s like being in a Donald Trump press conference with all these unfounded allegations of fake news and project fear: Here is an excerpt from the official announcement:

    A spokesperson for flybmi said:

    “It is with a heavy heart that we have made this unavoidable announcement today. The airline has faced several difficulties, including recent spikes in fuel and carbon costs, the latter arising from the EU’s recent decision to exclude UK airlines from full participation in the Emissions Trading Scheme. These issues have undermined efforts to move the airline into profit. Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and lack of confidence around bmi’s ability to continue flying between destinations in Europe. Additionally, our situation mirrors wider difficulties in the regional airline industry which have been well documented.

    “Against this background, it has become impossible for the airline’s shareholders to continue their extensive programme of funding into the business, despite investment totalling over £40m in the last six years. We sincerely regret that this course of action has become the only option open to us, but the challenges, particularly those created by Brexit, have proven to be insurmountable


    Source: www.flybmi.com
    Tobias - โทเบียส

  3. #3
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    who tells the general public ok flybmi has made a announcement but who twisted, who put the spin there ,and you can not say it does not happen ask our former PM the master of SPIN.
    Just to mention Brexit is spin
    ,Nothing to do with no one wants to go to airports outside of there main destination.
    WHY EVEN MENTION SOMETHING THAT HAS NOT HAPPENED ?????
    Buisness dont throw the towel in on a maybe ,maybe there was struggling anyway??
    plus i did post the official bbc web page
    Why mention the B word when it hasnt got anything at all to do with it the mind boggles ?
    .
    Last edited by Samsung; 16th Feb 2019 at 22:02.

  4. #4
    Moderator Tobias's Avatar
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    Quote Originally Posted by Samsung View Post
    ... Why mention the B word when it hasnt got anything at all to do with it the mind boggles ?
    .
    FlyBMI have mentioned the B word (not the BBC, not me, the airline itself) because they say it was a significant contributory factor to the airline’s demise and the decision to enter into administration.

    Sticking your head in the sand or shouting ‘fake news’ or ‘project fear’ does not change the fact that Brexit has contributed in a significant way to the failure of the airline.
    Tobias - โทเบียส

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    But don't forget Tobias, they need us more than we need them.

    You couldn't make it up
    If you're offended by any assistance I give, it says far more about you than it does me.

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    I would say Flybmi have been struggling for a number of years, even Lufthansa who become the sole shareholder failed to make Flybmi profitable after extensive restructuring.

    Colbat, Primeria Air, Germania and now Flybmi have all ceased trading in the last few months, even Flybe have warned of mounting annual losses. Except for Flybmi, all the others have said the volatility of the European airlines industry is very concerning, citing higher fuel prices, currency fluctuations, traffic control strikes, delays in integrating new aircraft into its fleets and a weaker consumer demand have all contributed.

    The fact these european airlines are all saying a weaker consumer demand would be far more concerning. Is this the sign that they are tightening up on their budget, is there a recession looming.
    Last edited by Greg / Pairin; 17th Feb 2019 at 11:06.

  7. #7

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    "They blamed rising fuel costs and concerns about Brexit."

    In a statement, it said: "Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and lack of confidence around bmi’s ability to continue flying between destinations in Europe."
    Wales Online.


    Blame the politicians for all the uncertainty and others for their intransigence.
    The situation isn't helped by having a remainer in charge.

    Hanging the process out until company's fold up. Creating a self fulfilling prophecy then they can push for the deal they want.
    Last edited by marshall; 17th Feb 2019 at 11:20. Reason: Enumerating.
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  8. #8
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    https://en.wikipedia.org/wiki/Flybmi

    Apart from the current passengers and UK staff, looks like the decisions of Germany and the EU are the problem areas in this case.

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    Quote Originally Posted by Tobias View Post

    “Against this background, it has become impossible for the airline’s shareholders to continue their extensive programme of funding into the business, despite investment totalling over £40m in the last six years. We sincerely regret that this course of action has become the only option open to us, but the challenges, particularly those created by Brexit, have proven to be insurmountable[/i]
    Taking into the equation that Lufthansa also failed to make Flybmi profitable you could say they have been pumping money into a failing business for 9 years.

    If there had never been a referendum, would Flybmi still be operating, would they have been imune to the crisis other European airlines are facing?

    https://www.avipeo.com/en/news/airli...ines-in-crisis

    https://www.aerotime.aero/gediminas....t-in-2018-2019

  10. #10
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    Tonight's BBC News reported that FlyBMI were flying with an average of 18 passengers on some flights.

  11. #11
    Moderator Tobias's Avatar
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    Quote Originally Posted by stevie57 View Post
    Tonight's BBC News reported that FlyBMI were flying with an average of 18 passengers on some flights.
    Which might sound very low, but that actually means those flights were about half full! I have flown them a few times, the loads on those flights were at about 80%. Most of their aircraft had just 37 seats, the other aircraft had 49 seats.
    Tobias - โทเบียส

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    Veteran ผู้มีประสบการณ์ prikphet's Avatar
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    It's normal a few low cost or other Airlines in Europe go broke each year, it's the nature of the Business - flyBMI have been on the ropes for years, pity it wasn't that nasty bit of works RyanAir.

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    Quote Originally Posted by Tobias View Post
    Which might sound very low, but that actually means those flights were about half full! I have flown them a few times, the loads on those flights were at about 80%. Most of their aircraft had just 37 seats, the other aircraft had 49 seats.
    The Embraer's have 88 or 118 depending on type and the Bombardier Dash 8 Q400 has 78 according to seat guru so 18 on average isnt very good.

    Their high domestic fares may also have created a problem apparently.

    I had the pleasure (or not) of working for them for a short time in the past and at that time they really were behind the times in so many ways I'm surprised this hasn't happened sooner.

  14. #14
    Moderator Tobias's Avatar
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    Quote Originally Posted by Natty View Post
    The Embraer's have 88 or 118 depending on type and the Bombardier Dash 8 Q400 has 78 according to seat guru so 18 on average isnt very good...
    I think you may be confused, we are discussing Flybmi not Flybe.
    Tobias - โทเบียส

  15. #15
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    Well it is a Monday...

    Not confused about working for them though although that was when they were BMI until broken up.
    Last edited by Natty; 18th Feb 2019 at 16:40.

  16. #16

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    Found this report:

    Who’s next to fail?
    Speculation is rife in aviation circles about possible collapses. If travellers shy away from airlines that are rumoured to be on the brink, these can prove self-fulfilling prophecies. The best advice is to ensure that flight bookings are protected – paid by credit card and, if possible, bought as part of a package.
    https://www.independent.co.uk/travel...-a8783031.html
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  17. #17
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    cost of European travel is expensive now nothing to do with fuel as you can fly to bkk for £400 yet malaga is £200 plus on a poxy night flight and a tin can with 50 louts
    its just the way the chocolate biscuits melts ....
    Nick barton it was reported by the BBC ok a statement by bmi but still reported by BBC
    its nothing to do with BREXIT ....

  18. #18
    Moderator Tobias's Avatar
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    Quote Originally Posted by Samsung View Post
    ... Nick barton it was reported by the BBC ok a statement by bmi but still reported by BBC its nothing to do with BREXIT ....
    Except that the airline says it is!
    Tobias - โทเบียส

  19. #19
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    i just told the misses i saw some flying pigs she said where ? in fact i pointed out of the window and she looked lol

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