Flybe Share Discussion Threads

[curtain twitcher] 18/10/2017 10:14

October 18, 2017

Southend to boost Flybe summer flights next year by 80%

London Southend Airport is to boost the number of flights on Flybe routes by 80 per cent next summer. The airport has published next year’s summer schedule for Stobart Air/Flybe, boasting up to 230 flights a week. The schedule, which runs from 17 June 2018 to 9 September 2018, heralds the return of popular Croatian destinations, Dubrovnik and Zadar, plus a new route to Antwerp, Belgium.

The new Antwerp service, on a 70-seater ATR72-600 series aircraft, will be operated by Stobart Air through its franchise partnership with Flybe from next summer. It will fly four times per week: Monday, Wednesday, Friday and Sunday.

A total of 15 routes will be operated with extra seats to European cities such as Budapest, Cologne, Vienna and Prague and daily flights are also on offer to Prague. French destinations will include Rennes, Caen and Lyon and will have an additional 15,500 seats.

Stobart Air through its franchise partnership with Flybe has brought in an additional aircraft making a total of five based at the airport. The news comes just after easyJet announced that it will also be basing a fourth A320 at Southend from 25 July 2018.

Glyn Jones, Chief Executive Officer of Stobart Aviation, owners of London Southend Airport says: “We’re hugely excited about what we’re now offering passengers, almost doubling the number of flights next summer. Simply, there’s more choice with a brand-new route to Antwerp and the return of increasingly popular destinations in Croatia from next summer.

“There’s a correlation showing travel demand is driven by airline capacity. We’ve added hundreds of extra flights and thousands of more seats for next year’s peak summer season. But what is helping London Southend Airport go from strength to strength is our promise to deliver a better way to travel – more comfort, faster access, fewer queues and a friendlier experience than larger airports in the South East.”

[netcurtains] 18/10/2017 10:02

1fox1 all planes are subsidied (boeing have huge milarty contracts) ... Its just a con and unfortunately it looks like brexit uk and flybe in particular is left with the bill

there is a get us out of brexit petition going round:


If this happens flybe shares almost certainly will rise sky high (as will lots of FTSE 350 companies)

[7mrkj] 18/10/2017 10:00

“The Q400 has not been the subject of reliability issues anywhere else”

I suggest you do a bit more research on this, the Q400 has had more than its fair share of issues. IMHO this money was spent to try and fix what has always been an inherently unreliable aircraft. It’s a bottomless pit.

[netcurtains] 18/10/2017 09:50

Bet your life TRUMP (Bombardier lawsuit in USA) is connected to these higher costs and I guess therefore Brexit too (UK now has less international clout).

On the other hand perhaps simply haggle more -

[hippo] 18/10/2017 09:42

Agreed very badly worded RNS....no clarity on whether a one-off or ongoing, so I suppose draw your own conclusions.

[toffeeman] 18/10/2017 09:39

I do not understand that RNS and the wording reflects badly on the CEO.

Flybe have an aviation services operation which is responsible for maintaining the Flybe fleet and aircraft from other operators so there should not be any reliability issues.

The Q400 has not been the subject of reliability issues anywhere else and so I conclude that this is an internal issue and so the remaining questions are:

1. Is this a one-off hit, or does it reflect the need for an on-going increase in maintenance which will drag on profit growth?

2. Should I now sell the shares I purchased at 34.4?


hmm...

[haroldthegreat] 18/10/2017 09:17

If parts need replacing they need to be replaced .if the fleet has planes of the same age then the replacement will peak at certain times .just bad luck this year.next years comparatives will hopefully show a like for like decline on maintenance.
You can't put it off or planes will fall out of the sky !

[netcurtains] 18/10/2017 09:03

Mmm recovery peating out.
I guess next hour or so the important bit,

[boom boom bang bang] 18/10/2017 09:01

Guys iog starting to move 8% up

Material news this year




Independent Oil & Gas PLC LOI signed with Key Contractor ODE

18/10/2017 7:00am
UK Regulatory (RNS & others)

Independent O&G (LSE:IOG)
Intraday Stock Chart
Today : Wednesday 18 October 2017

Click Here for more Independent O&G Charts.
TIDMIOG

RNS Number : 8810T

Independent Oil & Gas PLC

18 October 2017

18 October 2017

Independent Oil and Gas plc

LOI signed with Key Contractor ODE

Independent Oil and Gas plc ("IOG" or the "Company"), the development and production focused Oil and Gas Company, is pleased to announce that it has signed a Letter of Intent ("LOI") with Offshore Design Engineering Limited ("ODE") to perform several key contractor roles for its Blythe Hub and Vulcan Satellites Hub development ("the Project"), starting with technical and operational support ahead of Final Investment Decision ("FID").

Highlights:

-- ODE to provide extensive technical and operational support to IOG in both pre- and post-FID stages to deliver the Project into production

-- ODE to be the Operations & Maintenance service provider
-- Pre-FID costs to be fully deferred and pre-First Gas costs to be 50% deferred until first gas, thereby reducing IOG's funding requirements

-- LOI further strengthens IOG commercial model with ODE as a key contractor incentivised to deliver first-rate performance

ODE will be responsible for the operational management of all IOG's assets and for the Thames Pipeline and network of in-field pipelines, with IOG continuing to be 100% Licence Owner and Operator for all assets in the Project. It is also intended that ODE will be the Operations and Maintenance contractor upon first gas, hosting IOG's onshore operational base at its facilities in Great Yarmouth, close to the Bacton terminal. The pre-FID technical and operational support work is due to start immediately while contract terms are being finalised.

Mark Routh, CEO and Interim Chairman of IOG commented:

"We are very pleased to be working with ODE who will be a trusted partner in IOG's Blythe Hub and Vulcans Satellites Hub development. ODE has a wealth of relevant experience and manages several fields for other Operators in the Southern Gas Basin of the UK North Sea, so we will benefit from synergies with their existing operations. In line with our commercial model, the cost deferrals also tangibly improve IOG's funding position both before and after FID.

This LOI reflects the team's continued strong progress with the IOG gas portfolio. We look forward to finalising the contract with ODE and agreeing similar terms with other key contractors to continue delivering our gas hub strategy."

ENDS-

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Enquiries:







Independent Oil & Gas PLC CPR Confirms Significant Reserves Upgrade

12/10/2017 7:00am
UK Regulatory (RNS & others)

Independent O&G (LSE:IOG)
Historical Stock Chart
1 Month : From Sep 2017 to Oct 2017

Click Here for more Independent O&G Charts.
TIDMIOG

RNS Number : 3782T

Independent Oil & Gas PLC

12 October 2017

12 October 2017

Independent Oil and Gas plc

CPR Confirms Significant Reserves Upgrade

Independent Oil and Gas plc ("IOG" or the "Company"), the development and production focused Oil and Gas Company, is pleased to announce the results of a Competent Person's Report ("CPR") on the Vulcan Satellites, Blythe and Elgood assets by ERC Equipoise Limited ("ERCE") as at 1 October 2017.

Highlights:

-- CPR confirms 2P gas Reserves of 303 BCF (54 MMBoe), previously 34 BCF, in IOG's UK Southern North Sea ("SNS") gas portfolio

-- 2P Reserves classification applied to all of IOG's development assets: the Vulcan Satellites, Blythe and Elgood

o Vulcan Satellites 2P Reserves of 248 BCF

o Blythe 2P Reserves of 33 BCF, in line with 2013 CPR

o Elgood 2P Reserves of 22 BCF

-- CPR estimates a 2P peak production rate in excess of 200 MMcfd (c. 35,000 Boe/d)
-- Significant prospective resources in Harvey to be published in a forthcoming separate CPR
CPR Process:

During 2017, IOG built its own proprietary static geological model based on interpretation of the reprocessed 3D seismic available from multiple surveys across the whole SNS portfolio. This resulted in a robust and consistent estimation of the gas in place volumes in all the Company's SNS gas assets. This was followed by dynamic reservoir modelling and optimal well design and placement, including hydraulic stimulation modelling for the Vulcan Satellite fields. This in turn enabled the development of production forecasts for each field. ERCE reviewed IOG's proprietary subsurface work, production forecasts, costs and economic assumptions. ERCE then made its own independent assessment of the recoverable Reserves from the portfolio, the project development and operating costs and the resultant economics as summarised below.

The CPR presents the economic Reserves and valuation of IOG's five development fields as at 1 October 2017 using data and information available up to 30 September 2017 and applying the PRMS standard. The table below shows the CPR estimates of Reserves and Net Present Values, both undiscounted and discounted at 10% ("NPV(10) ") for IOG's 100% interests in the fields.






NEWS DUE IN THE NEXT FEW DAYS, LAST UPGRADE SHARES WENT UP 100% LAST WEEK


n addition, we shortly expect to receive a further CPR on the Harvey structure which provides very material upside to our portfolio."

[netcurtains] 18/10/2017 09:01

This is pretty good - some apparently bad news and the price coming back.
Something is going on .

I assume a buyer - a big buyer is coming in....

[sporazene2] 18/10/2017 08:57

this doesn't show well in terms of their ability to predict and manage their maintenance budget and to report this information after the period end also demonstrates a lack of control of expenses. this is pretty basic and one strike for the CEO IMHO.

[wanttowin] 18/10/2017 08:55

It certainly explains why Hammad got the push, just wtf was he doing whilst CEO ?

[mreasygoing] 18/10/2017 08:53

Hopefully we'll see the kind of volume needed to give us a breakout. Tree shake was badly needed.

[american idiot] 18/10/2017 08:53

Owenski,

The increase in maintenance costs could easily be one offs. Perhaps certain parts have simply been upgraded to improve reliability ? It does happen.

Anyhow, who cares. The shareprice is creeping back up now.

40p again soon.

[netcurtains] 18/10/2017 08:47

Its coming back now . Lets hope we get back over 40p by end of day..

That was done to cool the price.

Wonder why.....

I mean no one was expecting "brilliant" results anyway - just a bit of a recovery...

Is there a take-over in play here or something...

[miti 1000] 18/10/2017 08:42

As you say, its maintenance, not the end of world as some of the fools on here would make you believe.

[owenski] 18/10/2017 08:40

Until the next update and then the next problem surfaces.

Maintenance wont be a one off cost, it will be ongoing, they are running fewer planes and so utilising the fleet, this translates into more servicing costs per plane as the fleet is working harder.

Sounds like someone took their eye off the ball WRT that, maybe she can get a grip on those costs but they definitely wont be one off.

[american idiot] 18/10/2017 08:34

I would imagine that despite the extra (hopefully one-off) maintenance costs the ongoing improvements in operational performance will more than compensate for this.

Still plenty going for Flybe despite todays blip.

[mreasygoing] 18/10/2017 08:25

I've added a few more. Maintenance and IT costs are only part of the picture. Load factors and operational news are going to be key.