7 NOVEMBER 2016
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On Wednesday (9 November), Flybe will become the first British airline as far back as anyone can remember to publish its quarterly results with a chief executive not being in place. CEO Saad Hammed stood down and went on gardening leave last week (See BTN 31 October – All change at British airlines). On Friday, Flybe shares hit an all-time low of 34p and a market cap of £75.25m, less than the money it reputedly has in the bank.
Flybe is Europe's largest regional airline, serving 218 routes across 10 countries from 75 departure points. It operates from 40 UK and 35 continental European airports.
It is the largest scheduled airline by air traffic movements at Belfast City, Birmingham, Cardiff, Exeter, Isle of Man, Jersey, Manchester, Newquay and Southampton airports and operates a fleet of 76 aircraft – 51 Bombardier Q400, 9 Embraer 195, 11 E175 and 5 ATR 72. The carrier has three franchise partners, Loganair, Stobart Air and Blue Islands, and codeshares with Aer Lingus, Air Berlin, Air France, Air India, British Airways, Cathay Pacific, Etihad, Emirates, Finnair and Virgin Atlantic.
The Exeter Airport HQ includes a training academy in Exeter with flight-deck and cabin-crew simulator facilities, 26 classrooms and a 150-seat conference suite.
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