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Government Agree Flybe Rescue Deal

Posted on Jan 14, 2020. by NTI

Troubled airline Flybe has been assisted by the Government to keep the company operating. Ministers have agreed to figure out a repayment plan to help them with a tax debt believed to be over £100 million. The firm’s owners have also agreed to inject further funds. Flybe’s shareholders, including Virgin Atlantic and Stobart Group have agreed to put funds into the business to keep it flying.

It is reported that the Government has agreed to consider a review of the £26 air passenger duty that is levied on domestic UK return flights. It is believed that these have helped contribute to the firm’s losses. 

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