as Jersey European Airways
|Airport lounge||Flybe Executive Lounge|
|Company slogan||The Fastest Way From A to Flybe.... Faster than road or rail|
|Headquarters||Exeter International Airport
|Revenue|| £620.5 million
(12 months to 31 March 2014)
|Operating income|| £8.1 million
(12 months to 31 March 2014)
|Net income|| £8.0 million
(12 months to 31 March 2014)
The airline launched in 1979 as Jersey European Airways following the merger of Intra Airways and Express Air Services. In 1983 the airline was sold to Walker Steel Group, which also owned Spacegrand Aviation, and the two airlines were merged under the Jersey European name in 1985. Jersey European was renamed British European in 2000 (shortened to "BE"), and received its current name in 2002.
- 1 History
- 2 Corporate affairs
- 3 Destinations
- 4 Fleet
- 5 References
- 6 External links
Flybe started operations on 1 November 1979 as Jersey European Airways as a result of a merger of Jersey-based Intra Airways and Bournemouth-based Express Air Services, and was founded by John Habin, a resident of Jersey and the majority investor. After selling Aviation Beauport and other business interests, Habin established some key routes from Jersey to the UK, before selling the airline in November 1983 to Jack Walker's Walker Steel Group, which already owned Blackpool-based charter airline Spacegrand Aviation. The two airlines were then run separately, with partially shared management, until 1985 when they amalgamated under the Jersey European name, with the airline's headquarters moving to Exeter.
On 3 November 2006 it was announced that Flybe would buy BA Connect, except for that airline's services out of London City Airport. The takeover was complete in March 2007. The expanded airline's owners were Rosedale Aviation Holdings (69%), Flybe staff (16%) and – as a result of the BA Connect takeover – International Airlines Group (15%). The acquisition increased Flybe's route network in both the UK and continental Europe, making Flybe Europe's largest regional airline.
On 14 January 2008 it was announced that Flybe had signed a franchise agreement with Scottish airline Loganair, to commence on 26 October 2008 following the termination of Loganair's franchise agreement with British Airways on 25 October 2008. The agreement would see Loganair aircraft flying in Flybe colours on 55 routes from Scotland.
In 2008, in order to avoid losing a £280,000 rebate from Norwich Airport, Flybe hired 172 actors as "fake passengers" on 11 flights to Dublin. As a result, the environmental group Friends of the Earth called on the government to launch an investigation into the aviation industry.
Development since 2010
On 10 December 2010, Flybe floated an IPO on the London Stock Exchange, with trading in shares commencing on the same day. Full public release of shares followed on 15 December 2010. The share price was set at 295p, valuing the company at approximately £215 million, and raising £66 million for the company, half of which was to pay for fleet expansion.
On 23 April 2014, Flybe announced that it will launch domestic and international flights from London City from 27 October 2014 after signing a five-year deal with the Docklands Airport. The airline is expecting to carry around 500,000 passengers a year, with all 5 allocated aircraft being based around the Flybe network overnight.
In March 2014, it was announced that Flybe would undergo a major brand refresh. This new scheme included a new purple aircraft livery and new interior features. The first aircraft in the new livery will be the Spirit of Liberum, registered "G-JECY".  The aircraft carried the baton into Cardiff Airport for the Queen's Baton Relay in the buildup to the Glasgow 2014 Commonwealth Games on 24 May 2014.
On 4 March 2015, Flybe announced new routes from Cardiff Airport bringing the number of routes to eleven. Flybe also stated its intention to create a new base at Cardiff Airport by Summer 2015.
Ownership and structure
Flybe is a public company, listed on the London Stock Exchange (LSE: FLYB). Until November 2013, the main shareholder, with 48.1% of the shares, was Rosedale Aviation Holdings Limited, the corporate representative of the trustee of the Jack Walker 1987 Settlement, which was established by the late Jack Walker, who was involved in Flybe’s early development.
In the UK, Flybe's largest base is at Birmingham Airport and it has other large bases at Belfast, Manchester and Southampton airports, with a total of 14 crew and aircraft bases across the United Kingdom, the Channel Islands and the Isle of Man. The company holds a United Kingdom Civil Aviation Authority Type A Operating Licence permitting it to carry passengers, cargo and mail on aircraft with 20 or more seats. The Flybe Group includes Flybe Aviation Services (engineering and maintenance), Flybe Training Academy (engineering and flight crew training), Flybe UK (airline operations) and Flybe Europe, the holding company for all European operations, which currently consists of Flybe Nordic.
The trends for Flybe Group over recent years are shown below (as at year ending 31 March):
|Group turnover (total, less JV) (£m)||367.5||535.9||572.4||570.5||595.5||615.3||614.3||620.5|
|Profit/Loss (earnings before tax & adjustments) (£m)||−16.2||30.4||0.1||5.7||7.6||−7.1||−23.2||8.1|
|Profit/Loss after (*before) tax (£m)||−19.9||34.9||4.1||6.7||3.8||−6.4||−41.8||8.0|
|Number of employees (average)||1,931||3,197||2,860||2,798||2,949||2,781||2,667||2,650|
|Number of passengers (scheduled) (m)||5.2||7.0||7.3||7.2||7.2||7.6||7.2||7.7|
|Passenger load factor (schedule) (%)||n/a||n/a||65.4||63.5||61.7||61.9||62.6||69.5|
|Number of aircraft (average) (*year end)||81*||80*||68||67||68||84||81||97|
Flybe employs allocated seating on all flights and passengers have the option to choose a seat online in advance. Economy Plus ticket holders receive a complimentary drink and snack, access to Flybe Executive Lounges, free prebooked seating and priority check-in. For Economy passengers, the airline operates a buy on board programme, called "Deli in the Sky", offering food and drinks for purchase. The airline offers merchandise for sale on all flights, as well as duty-free cigarettes and spirits on flights to destinations that are outside of the European Union, including Jersey and Guernsey. Onboard sales are an important part of the airline's ancillary revenue.
Joint ventures and franchises
Loganair have operated a number of flights in Scotland and Ireland for Flybe under a franchise agreement since 2008. The franchise has been criticised by residents in the Scottish islands for what they perceive to be excessively high fares, and a Facebook campaign set up in June 2015 to highlight the issue attracted over 7,400 "likes" over the course of its first weekend. Flybe have however stated that it is their franchise partner, Loganair, who are responsible for the setting of these fares.
Flybe purchased Finncomm Airlines with Finnair in July 2011, and on 30 October 2011 rebranded the airline as Flybe Finland. The joint venture operates its own routes along with franchise routes under a codeshare agreement for Finnair, operating under Flybe's BE-code. Flybe agreed to sell its 60% stake in Flybe Finland in November 2014 for €1, in an attempt to reduce group costs. On 1 May 2015, Flybe Finland began operating solely for Finnair as it is no longer a part of Flybe. The name is currently being changed to Nordic Regional.
On 24 April 2006 Flybe announced a 3-year deal with Southampton Football Club for sponsorship of the main club and shirt. On 11 December 2008, it was announced that Flybe had extended the deal by an extra year. However, this sponsorship deal has now ended with the club's decision to keep the club's shirts free of sponsorship for its 125th anniversary. Flybe are also the main and shirt sponsor of Exeter City Football Club. Flybe also sponsors the weather bulletins on ITV Meridian, STV, ITV West Country, Channel Television and UTV, and the sport sections of the Manchester Evening News, the Express & Echo (Exeter), the South Wales Echo (Cardiff), the Isle of Man Courier and the Isle of Man Examiner.
As of May 2015, the Flybe fleet includes the following aircraft.
|ATR 72-600||—||5||4||72||72||Deliveries from October 2015, to be operated for SAS.|
|Bombardier Dash 8 Q400||48||22||15||78||78||Deliveries second-hand from Republic Airlines.|
|Embraer E-175||11||4||—||88||88||Deliveries from 2018.|
|Embraer E-195||9||—||—||118||118||7 in use, 2 stored.|
- On 6 June 2005, Flybe placed an order for 14 Embraer E-195 aircraft plus options on an additional 12 aircraft. Flybe was the worldwide launch customer for the Embraer E-195. Delivery of the aircraft started in September 2006. The new aircraft were to replace Flybe's BAe 146 aircraft, completing the fleet rationalisation started in 2003 which also includes an order for up to 61 Bombardier Dash 8 Q400 aircraft (41 firm orders and 20 options).
- On 14 June 2005, Flybe converted four existing Bombardier Dash 8 Q400 options into firm orders bringing its fleet of Q400s to 45 aircraft when they were delivered.
- On 1 September 2006, the airline received its first 118-seat Embraer 195, the launch customer of the product. Fitted with single Head-up Guidance System (HGS) and configured to offer single-class service, the aircraft is intended to replace the airline’s BAe 146s.
- In May 2007, the airline signed a deal for 15 Bombardier Dash 8 Q400 aircraft valued at $394 million, with options for a further 15. It is the world's largest Q400 operator and this order will increase its Q400 fleet to 60.
- On 20 July 2010, Flybe placed an order for 35 Embraer E-175 aircraft worth $1.3bn, with options for 65 more (value $2.3bn) and purchase rights for a further 40 (value $1.4bn). The 88-seat aircraft was originally planned to be delivered between July 2011 and March 2017, with the first two aircraft actually arriving in November 2011.
- In September 2014 Flybe reached an agreement with Embraer to cancel 20 orders for E-175 jets, and defer delivery of the outstanding 4 until 2018. Simultaneously Republic Airways placed an order for 50 E-175 jets, and agreed to lease 24 of their Q-400 aircraft to Flybe.
- BAe 146
- Bombardier CRJ200
- de Havilland Canada DHC-6 Twin Otter
- Embraer EMB 110 Bandeirante
- Embraer ERJ 145
- Fokker F27
- Hawker Siddeley HS 748
- Short 360
- Bombardier Dash 8 300
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- Wright 2001, p. 48.
- Wright 2001, p. 49.
- Wright 2001, p. 52.
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- announced that they had completed the acquisition of BA Connect
- "Flybe signs historic franchise deal with Loganair". Flybe Press Office. Archived from the original on 17 January 2008. Retrieved 2008-01-14.
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- Budget airline Flybe asks actors to fill seats to avoid penalties. This is Money (31 March 2008). Retrieved on 2010-12-14.
- "Airline sought actors for flights". BBC News. 30 March 2008. Retrieved 2 April 2010.
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- "HM The Queen's 2009 Birthday Honours List" (PDF). Retrieved 2014-01-07.
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- "Annual Report 2010" (PDF). Flybe Group plc. 8 July 2010. Retrieved 2013-06-23.
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- "FLYBE – Is it fleece me?". South of Scotland Liberal Democrats. 23 May 2009. Retrieved 9 June 2015.
- "Shetland MSP calls for lower airfares in the face of falling oil prices". Deadline News. 6 January 2015. Retrieved 9 June 2015.
- "Islanders mount campaign against Flybe and Loganair prices". The Shetland Times. 8 June 2015. Retrieved 9 June 2015.
- "Flybe Nordic. A challenge to the Skyways-Cimber venture?". AirlineHunter. Retrieved 4 July 2011.
- White, Anna (12 November 2014). "Flybe sells its Finnish business for €1". The Telegraph. Retrieved 18 November 2014.
- "The Shirt Is Yours". saintsfc.co.uk.[dead link]
- Flybe Codeshare Partners
- new EI codeshare
- News Archives | July 2010. Flybe.com (13 July 2010). Retrieved on 2010-12-14.
- "Flybe signs new codeshare with Etihad Airways". Flybe Press Office. Retrieved 2009-11-05.
- "Flybe signs codeshare with Etihad". Business Traveller News. Retrieved 2009-11-07.
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- "Republic to take 50 E-175s as Q400s head for Flybe". Flight Global. Retrieved 2014-09-17.
- "Flybe announces a deal for up to 140 Embraer E Series Aircraft". Flybe Press Office. Retrieved 2010-07-20.
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- Air International, July 2005
- Air Transport World 9 May 2007
- "Flybe celebrates arrival of new jets with a soaking!". Flybe.com. 2011-11-28. Retrieved 2014-01-07.
- Wright, Alan J. "Independent Survivor". Air International, July 2001. Vol 61 No 1. pp. 48–52.
Media related to Flybe at Wikimedia Commons