116 jobs will be lost from Flybe’s Exeter headquarters the largest portion of the 500 redundancies announced earlier this week.
The redundancies were announced on Monday as part of the companies’ drive to find £85million in savings.
Chief executive Saad Hammad said: "I know that these proposals are creating great personal uncertainty, but they are necessary to secure a long-term future for Flybe and I am grateful to the various union and staff representatives for the very constructive manner in which we have been able to commence the consultation process."
The majority shareholder of Exeter based airline Flybe has sold its entire shareholding.
The 48.1% stake owned by the Walker Family Trust through Rosedale Aviation Holdings Ltd was sold for £25.2m.
The move marks the end of a long standing relationship between the airline and the Walker family.
Late steel magnate and former owner of Blackburn Rovers Jack Walker bought the majority share of Jersey European airways in 1983, which was rebranded as Flybe in 2002.
The news comes after Monday’s announcement that Flybe will be cutting 500 jobs in a restructuring...
This morning saw the announcement that Exeter based airline, Flybe is expecting to cut 500 jobs from its already reduced staff of around 2,700.
At a press briefing today the new CEO Saad Hammad explained the reasons behind a further reduction in staff despite a return to profitability this year.
Speaking at the briefing Hammad defended the job losses and shrinking the size of Flybe’s operation, suggested that the future of the Flybe training academy may be in jeopardy and stated that no area of the business would be secure against potential job cuts.
When Saad Hammad became chief Executive of Flybe group Plc in July of this year not many people outside of the business world may have heard of him.
But with today’s news that his renewal plan will see the Exeter based airline lose a further 500 jobs from an already reduced staff of 2,700 people are beginning to take notice of
A former director of Easyjet and Air Berlin, Mr Hammad replaced Jim French as CEO this year. A move that instantly saw Flybe’s share price rise by 2% in the London stock exchange.
Mr French who also stepped down as the group’s non-executive...
Flybe has announced plans to cut 500 jobs, despite reporting a return to profit.
The Exeter-based company is planning to make £40m of savings this year and £45m in 2014-15.
Flybe chief executive Saad Hammad said: "The business needed action now and so today we are explaining our next phase which encompasses a review of everything we do and how we do it.
"Unfortunately there is a proposal for further redundancies. We will consult with the trade unions and employees to ensure that this is done fairly and delivers the right outcome for the business."
Exeter-based airline, Flybe has said that its Chairman Jim French will leave the company as part of a strategic review to restore profitability.
French, 60, became Flybe chairman in 2005, passing his former role as CEO to Saad Hammad to former Easyjet executive.
On his departure Mr French said: “As part of an orderly transition in August this year we appointed Saad Hammad as Chief Executive Officer, and today we announce the appointment of Simon Laffin as our new non-executive Chairman.
“We are fortunate to have attracted two high calibre and experienced individuals...
With only a few days until the Recharge and Achieve More Event, I have been reflecting on how I made this event happen for you. It has been a struggle getting to Friday, I had to turn away partners who wanted to be involved; the day we launched our website crashed due to the high demand and my web team managed to get it back up and running; and I had to make tough decisions on who I wanted to speak at the event. I had a few who wanted to speak to sell their products, but I had to say no to them as this event is totally the opposite to what that is about.
These stunning aerial photos show how the developments in the Exeter & East Devon Growth Point are rapidly taking shape.
Captured by Still Imaging, the pictures provide a unique perspective on how huge investment in creating homes and employment opportunities is transforming the landscape to the east of Exeter.
Construction at the new town of Cranbrook is continuing apace. Since May last year, more than 400 homes have been started, with around 200 completed so far. Up to 6,000 homes are expected to be built by 2026.
After a four year absence, Exeter-based airline Flybe has started flying to Nice with a twice-weekly service from Exeter.
Flybe, Europe’s largest regional airline, now offers a choice of Tuesday and Saturday departures with passengers flying on the comfortable 118-seat Embraer 195 jet aircraft.
Nice is the latest summer route with Flybe, but the airline is operating 19 routes to and from Exeter this summer, a total choice of up to 218 flights each week.
Nice is a popular metropolitan centre with a long and varied history dating back some 400,000 years. Situated...
Exeter-based airline Flybe, has marked the tenth anniversary of its popular service between Exeter and Dublin.
The route to Ireland has proved popular for passengers looking for an affordable break and an increasing number of long haul travellers are also spending the night in Dublin before departing on their onward Dublin flight (destinations include 12 scheduled services to North America) without paying APD, the UK Government Air Passenger Duty.
Since 2003, Flybe, Europe’s largest regional airline, has operated a total of 6,482 flights between Exeter and Dublin travelling...
