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Post by eye2eye5 on Jan 14, 2020 13:24:19 GMT 1
I used the LPL LTN service a number of times to get to central London.That was in the days when the West Coast Main Line was shambolic. Once the LPL Euston journey time dropped to around 2 hours, LPL LTN was a goner.
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Post by kuga59 on Jan 14, 2020 13:43:51 GMT 1
Apd is paid by the passenger though, so where has this money gone The airline has a timeframe when the APD payments have to be paid to the government. In the meantime it should sit in one of their bank accounts, sometimes being used as additional security for bank facilities. What you don’t realise is that as nearly all airline tickets are paid by cards, the banks do not transfer the cash over straight away. Debit card payments are paid reasonably quickly but credit card sales are not paid until after the flight has taken place or at an agreed point of time. This affects the fees the airline pay to the banks for the service. It is also due to the guarantees given by the banks for credit card sales to customers. e.g. if you pay by credit card and your airline goes bust, you will be refunded the amount paid, by the bank.
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Post by baldyman26 on Jan 14, 2020 13:58:19 GMT 1
Really good point, and didn't the credit card companies withold monies before the take over too... I presume the same now if they feel threatened in any way
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Post by eye2eye5 on Jan 14, 2020 14:19:43 GMT 1
I would be surprised if a bank would look to segregated APD monies as security. As an example, banks would not consider monies in a solicitor's clients account as being grouped for security purposes as the solicitor has no title to the funds.
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Post by kuga59 on Jan 14, 2020 14:39:48 GMT 1
I would be surprised if a bank would look to segregated APD monies as security. As an example, banks would not consider monies in a solicitor's clients account as being grouped for security purposes as the solicitor has no title to the funds. Depends on the way the company has organised its financial accounts. Could be all credited into one account.
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Post by eye2eye5 on Jan 14, 2020 14:48:56 GMT 1
Absolutely, much depends on the APD Rules. The treatment of solicitors' clients monies are regulated, I'll suspect APD monies are not.
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Post by kuga59 on Jan 14, 2020 19:13:15 GMT 1
Flybe safe, for now. Government have agreed to delay tax payments and to look at domestic APD in the next budget. Plus additional investment from shareholders.
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Post by silvercity on Jan 16, 2020 17:59:30 GMT 1
Flybe are to move NQY-LHR to NQY-LGW, but to retain the LHR slots. Will they use them to LPL, probably not but can hope :-)
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Post by dereks on Jan 16, 2020 20:50:51 GMT 1
Apologise if this seems a slight drift but to answer silvercity - media reports say flybe are going to move more slots from heathrow so the parent owners virgin and delta can step in and re-allocate these slots to their advantage - virgin short haul - delta long haul.
If true a very cynical but shrewd business move to become investors in the first place
Dereks
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Post by silvercity on Jan 17, 2020 0:53:13 GMT 1
I heard this on the news later today too.
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Post by silvercity on Jan 17, 2020 9:44:38 GMT 1
MOL on radio this morning unhappy with government support for Flybe and their regional connectivity .
He said if Flybe wasnt there , Ryanair , Easyjet etc would step in.
But would they ? Would they operate Exeter to Newcastle for example, I doubt it.
In addition as someone who does travel for work reasons around the UK and has used Flybe over the years mainly to reach Norwich and Exeter but also Southampton, I have to say ive moved more to train use in recent times. Why, well plainly its Manchester Airport as a departure point. Getting there for a morning fight is not good along the M56, its always a worry if you will get there in time, so you build in plenty of travel time . Then when you get there its the slowness of security.
Even though the train involves a change normally at Birmingham for the SW plus they are very busy, I have found it less stressful than trying to negotiate MAN, I just go to my local station.
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Post by lfc84 on Jan 17, 2020 18:45:46 GMT 1
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Post by kuga59 on Jan 18, 2020 12:24:40 GMT 1
Maybe Blue need to look at themselves. What on earth was the marketing strategy in advertising Liverpool Guernsey flights in Essex newspapers and the reverse in Merseyside newspapers? Giant cock-up!
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Post by silvercity on Jan 18, 2020 15:42:25 GMT 1
Im not 100 sure, but I think the company is having some financial issues.
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Post by kuga59 on Jan 20, 2020 17:11:59 GMT 1
Im not 100 sure, but I think the company is having some financial issues. No wonder if they wasted their money on worthless advertising. Hence low bookings. Hence withdrawal of services. What else have they been up to?
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