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Commercial Awareness Update - March 2020
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<blockquote data-quote="Curtley Bale" data-source="post: 25867" data-attributes="member: 4422"><p><strong>Flybe Collapse </strong>By Alice Manners</p><p></p><p><strong>The Story</strong></p><p><strong></strong></p><p>Flybe, the largest regional airport in Europe, has entered into administration after being “unable to overcome significant funding challenges”.</p><p></p><p>We have previously heard about these challenges and the (much criticised) proposed government rescue deal (covered by Heerim Hwang in January), but neither the loan nor an overhaul of the Air Passenger Duty ultimately materialised.</p><p></p><p>The impact of the coronavirus appeared to be the final straw (see Brian Chiu’s article above), as the airline collapsed and left 2,400 jobs at risk last week.</p><p></p><p><strong>Impact on Businesses and Law Firms</strong></p><p></p><p>Significant proportions of flights from airports such as Anglesey, Southampton, Exeter and Belfast City were operated by Flybe. The collapse could therefore have a detrimental impact on business as Flybe provided a vital link for these otherwise difficult to reach areas. This does not just affect those travelling for meetings – industries such as construction could be affected as their employees use regional flights to work on projects in other areas of the UK.</p><p></p><p>The failed rescue appears to hinder government plans to connect and “level up” the regions. The PM has promised improvements to road and rail networks, but these will not be implemented anytime soon, and it will be interesting to see how the collapse impacts new infrastructure. The Government has said it is “working closely with the industry to minimise any disruption to routes operated by Flybe” and is likely to try to persuade more airlines to take over the routes, before possibly considering providing state support to the most vital.</p><p></p><p>Only six months after Thomas Cook ceased trading, the collapse highlights challenges to the aviation industry that will be faced by other airlines, including lower demand, regulatory decisions that are impacted by carbon emissions targets, and rising fuel costs. Flybe also faced difficulties as their earnings were in GBP, which weakened after the Brexit referendum.</p><p></p><p>Law firms will play a continuing role in providing advice and assistance within the industry. BCLP are advising Flybe on their administration, and other firms will likely become involved, acting for creditors and contractual counterparties. Employment lawyers may also be on call, with some of Flybe’s employees apparently set to argue that they were not properly consulted before the collapse.</p><p></p><p><strong>Volkswagen and Centrica agree on a three-year partnership </strong>By Heerim Hwang</p><p></p><p><strong>The Story</strong></p><p></p><p>Volkswagen and Centrica have agreed on a three-year partnership to provide home charging hardware for owners of new Volkswagen Electrical Vehicles (EVs).</p><p></p><p>Elli, a subsidiary of Volkswagen, will work with British Gas, which is owned by Centrica, to deliver a “package of home charging installations, after-sales services and preparatory electrical upgrades” across the UK.</p><p></p><p><strong>Impact on Businesses and Law Firms</strong></p><p></p><p>The “all-in-one” package will help customers seamlessly transition to emission-free driving with an EV. As part of the Volkswagen Group, SEAT, ŠKODA and Volkswagen Commercial Vehicles will be involved in the partnership. Although it is yet to be confirmed, there are also plans for Audi to join later this year.</p><p></p><p>The package will offer a British Gas EV tariff which will allow consumers to enjoy off-peak electricity prices by scheduling EV charging during cheaper night time hours. Chargers will be exclusively installed by British Gas and the energy company will also be responsible for after-sales services and electrical upgrades.</p><p></p><p>The partnership between Volkswagen and Centrica signals confidence in the Electric Mobility market and a strong commitment to The Paris Agreement on climate change. Centrica’s newest venture could also help British Gas remain competitive in an increasingly difficult market. Similarly, such partnerships have also been agreed by Ovo Energy and Nissan, Centrica and Ford, and Renault Trucks UK and EO charging.</p><p></p><p>In the near future, lawyers are likely to be needed by their clients to help navigate through new legislation on the environment. For example, the UK government has plans to bring the ban on sales of petrol and diesel cars forward to 2035 to try and reduce air pollution. Careful guidance will also be necessary to ensure proper compliance of regulations while clients try to achieve their carbon emission goals - a lesson Volkswagen would have learned from the <a href="https://www.bbc.co.uk/news/business-34324772" target="_blank">Volkswagen Emissions Scandal</a> back in 2015.</p></blockquote><p></p>
[QUOTE="Curtley Bale, post: 25867, member: 4422"] [B]Flybe Collapse [/B]By Alice Manners [B]The Story [/B] Flybe, the largest regional airport in Europe, has entered into administration after being “unable to overcome significant funding challenges”. We have previously heard about these challenges and the (much criticised) proposed government rescue deal (covered by Heerim Hwang in January), but neither the loan nor an overhaul of the Air Passenger Duty ultimately materialised. The impact of the coronavirus appeared to be the final straw (see Brian Chiu’s article above), as the airline collapsed and left 2,400 jobs at risk last week. [B]Impact on Businesses and Law Firms[/B] Significant proportions of flights from airports such as Anglesey, Southampton, Exeter and Belfast City were operated by Flybe. The collapse could therefore have a detrimental impact on business as Flybe provided a vital link for these otherwise difficult to reach areas. This does not just affect those travelling for meetings – industries such as construction could be affected as their employees use regional flights to work on projects in other areas of the UK. The failed rescue appears to hinder government plans to connect and “level up” the regions. The PM has promised improvements to road and rail networks, but these will not be implemented anytime soon, and it will be interesting to see how the collapse impacts new infrastructure. The Government has said it is “working closely with the industry to minimise any disruption to routes operated by Flybe” and is likely to try to persuade more airlines to take over the routes, before possibly considering providing state support to the most vital. Only six months after Thomas Cook ceased trading, the collapse highlights challenges to the aviation industry that will be faced by other airlines, including lower demand, regulatory decisions that are impacted by carbon emissions targets, and rising fuel costs. Flybe also faced difficulties as their earnings were in GBP, which weakened after the Brexit referendum. Law firms will play a continuing role in providing advice and assistance within the industry. BCLP are advising Flybe on their administration, and other firms will likely become involved, acting for creditors and contractual counterparties. Employment lawyers may also be on call, with some of Flybe’s employees apparently set to argue that they were not properly consulted before the collapse. [B]Volkswagen and Centrica agree on a three-year partnership [/B]By Heerim Hwang [B]The Story[/B] Volkswagen and Centrica have agreed on a three-year partnership to provide home charging hardware for owners of new Volkswagen Electrical Vehicles (EVs). Elli, a subsidiary of Volkswagen, will work with British Gas, which is owned by Centrica, to deliver a “package of home charging installations, after-sales services and preparatory electrical upgrades” across the UK. [B]Impact on Businesses and Law Firms[/B] The “all-in-one” package will help customers seamlessly transition to emission-free driving with an EV. As part of the Volkswagen Group, SEAT, ŠKODA and Volkswagen Commercial Vehicles will be involved in the partnership. Although it is yet to be confirmed, there are also plans for Audi to join later this year. The package will offer a British Gas EV tariff which will allow consumers to enjoy off-peak electricity prices by scheduling EV charging during cheaper night time hours. Chargers will be exclusively installed by British Gas and the energy company will also be responsible for after-sales services and electrical upgrades. The partnership between Volkswagen and Centrica signals confidence in the Electric Mobility market and a strong commitment to The Paris Agreement on climate change. Centrica’s newest venture could also help British Gas remain competitive in an increasingly difficult market. Similarly, such partnerships have also been agreed by Ovo Energy and Nissan, Centrica and Ford, and Renault Trucks UK and EO charging. In the near future, lawyers are likely to be needed by their clients to help navigate through new legislation on the environment. For example, the UK government has plans to bring the ban on sales of petrol and diesel cars forward to 2035 to try and reduce air pollution. Careful guidance will also be necessary to ensure proper compliance of regulations while clients try to achieve their carbon emission goals - a lesson Volkswagen would have learned from the [URL='https://www.bbc.co.uk/news/business-34324772']Volkswagen Emissions Scandal[/URL] back in 2015. [/QUOTE]
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