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Flybe saved after ministers and investors seal rescue deal

Flybe saved after ministers and investors seal rescue deal

Treasury’s pledge of tax review and delayed HMRC bill reportedly pushes shareholders to commit more cash

The immediate future of Flybe was secured on Tuesday night after ministers agreed a rescue deal with shareholders to keep Europe’s largest regional carrier flying.

The package of measures includes a potential loan in the region of £100m and/or a possible short-term deferral of a £106m air passenger duty (APD) bill, plus a pledge to review taxes on domestic flights before the March budget.

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