Flybe rescue plan announced

epa08126895 A De Havilland DHC-8-400 twin turboprop plane of British airline Flybe Group PLC takes off from London's City Airport in London, Britain, 14 January 2020. Flybe, Europe's biggest regional airline is trying to secure additional financing after mounting losses. The UK government is considering cutting air passenger duty on domestic flights as part of a plan to save the Exeter-based airline from collapse. EPA-EFE/ANDY RAIN

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A rescue deal for ailing airline Flybe has been agreed with shareholders, business secretary Andrea Leadsom has announced. The agreement will keep troubled airline Flybe operating.

The UK’s biggest regional airline was in talks with the government to reduce the level of Air Passenger Duty (APD), in order to stimulate demand.

Developing Story via Sky / Independent

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