Flybe signs white-label plane deal with Scandinavia's SAS
26th Nov 2014 14:53
UK low-cost airline group Flybe has entered into a white-label deal with Scandinavia's largest carrier, SAS, to operate four of its aircraft from next year. Starting in October 2015, Flybe will run four ATR72-600 aircraft on behalf of SAS used on short-haul flights in Europe. The planes are being p
Read moreFlybe reopens Aberdeen base but shares drop after H1 loss
12th Nov 2014 10:46
UK low-cost airline Flybe Group has announced it will be reopening its base in Aberdeen next March after pulling out of the terminal in 2010. The group will also launch a new route to and from London City Airport and open a new base in Bournemouth. However, Flybe saw its share price drop on Wednesd
Read moreSunday share tips: Flybe, National Grid, OPG Power Ventures
9th Nov 2014 15:07
Regional airline Flybe´s fortunes are looking up as it nears a test on whether the new management is as good at growing the business as it has been in pruning loss-making activities. Its new chief executive Saad Hammad seems to be delivering on his promises after slashing 500 jobs and closing unprof
Read moreWorkspace partners with Flybe to provide first class passengers with access to business club lounges
27th Oct 2014 12:24
Workspace Group has unveiled a new partnership with Flybe Group to provide its inbound business travellers to London City Airport with access to Club Workspace, a network of co-working business clubs across London. Under the deal, Flybe customers will be given access to Club Workspace's network of c
Read moreFlybe does loyalty scheme deal with IAG
10th Oct 2014 07:38
British regional airline Flybe Group has teamed up with a business owned by British Airways and Iberia owner International Airlines Group to offer a new loyalty scheme. Flybe said it had agreed a partnership with Avios, which helps IAG to run its British Airways Executive Club, Iberia Plus and Merid
Read moreFARNBOROUGH - Flybe strikes fleet upgrade deal with Bombardier
15th Jul 2014 08:59
British regional airline Flybe and Canadian aircraft maker Bombardier have done a fleet upgrade deal of undisclosed value. Flybe and Bombardier said they had signed a strategic services agreement under which Bombardier will carry out a major programme of improvements over the coming months. They s
Read moreThursday tips round-up: Flybe, WH Smith
12th Jun 2014 08:30
It's crunch time for Flybe as it prepares to start flights from London City airport starting in October, as part of a five year deal. The above are projected to account for half of the company's growth in commercial flights. That comes as the firm prepares to launch additional holiday routes to Spai
Read moreLiberum says Flybe improves but has more work to do
11th Jun 2014 09:30
Liberum Capital has increased its price target on Flybe after the regional airline moved into the black, but said more work was needed. Liberum reiterated its buy recommendation on Flybe and lifted its price target to 190p from 175p. Flybe, which has axed hundreds of jobs and several bases to turn
Read moreFlybe jets back into the black as UK passengers hit record
11th Jun 2014 07:15
A business shake-up and record passenger numbers in its resurgent UK flight operation have helped to lift regional airline Flybe back into the black. Flybe, which has axed hundreds of jobs and several bases to turn around its recession-hit UK business, announced adjusted pre-tax profit in the year
Read moreFlybe to launch services from London City Airport
23rd Apr 2014 07:56
Regional airline Flybe is taking another step in its turnaround plan by launching services at London City Airport. Flybe, which has been cutting hundreds of jobs and closing bases to fend off the impact on its UK business of the economic downturn, said it had struck a five-year deal with London Cit
Read moreFlybe and Stobart Group form five-year franchising agreement
25th Mar 2014 08:40
Flybe and Stobart Air have reached an agreement on a five-year franchising deal at London Southend Airport. Stobart Air, which is part of Stobart Group, will operate new routes from London Southend Airport in partnership with Flybe from June 5th with two 72-seat aircraft in Flybe livery. The airc
Read moreFlybe raises 150m pounds to strengthen balance sheet
20th Feb 2014 15:22
Regional low-cost carrier Flybe said it would raise 150m pounds via a two-for-three share offer at 110p a share as it seeks to strengthen its balance sheet and cut fleet ownership costs. The offer price is a 7.2% discount to the closing mid-market price of 118.5p on February 19th, the day before t
Read moreThursday broker round-up UPDATE
14th Nov 2013 09:21
Afren: Goldman Sachs moves target price from 260p to 270p and retains its strong buy recommendation. APR Energy: Citi raises target price from 1250p to 1350p reiterating a buy recommendation. Atkins: Investec places both its target price (prev.: 1025p) and its reduce rating under review. Babcock
Read moreFlybe descends after major shareholder sells out
13th Nov 2013 16:34
Shares in low cost airline Flybe dipped after its major shareholder Rosedale Aviation sold its entire stake. Rosedale, which represents the trust of the late steel magnate and owner of Blackburn Rovers football club Jack Walker, sold its 48.1% stake to institutional investors. Chief Executive Saad
Read moreFlybe Group's shares surge as airline swings to half year profit
11th Nov 2013 14:36
Flybe Group's shares soared as the airline swung to a profit in the first half on the back of an increase in revenue and cost savings of a restructuring. Pre-tax profit for the six months to end of September came to £13.8m, compared to a loss before tax of £1.6m a year earlier. Group revenue ros
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