Britain’s biggest regional airline, Flybe, will continue to operate after rescue talks with the Government proved successful.
“Delighted that we have reached agreement with Flybe’s shareholders to keep the company operating, ensuring that UK regions remain connected,” said business secretary Andrea Leadsom. “This will be welcome news for Flybe’s staff, customers and creditors and we will continue the hard work to ensure a sustainable future.”
Flybe’s shareholders have agreed to invest more money in the airline, according to BBC business editor Simon Jack.
He tweeted: “Government pledges to review air passenger duty in run up to budget but will make changes in line with their zero carbon ambitions.”