Flybe reaches rescue deal with shareholders

Image copyright
Getty Images

Troubled regional airline Flybe has struck a rescue deal with its investors and the government.

The firm’s shareholders, which include Virgin Atlantic and Stobart Group, have agreed to put more money into the loss-making airline.

Meanwhile, the government has agreed to review air passenger duty, which had added to the firm’s losses.

Business Secretary Andrea Leadsom has said that the deal would keep the company operating.


By Laura Price

Laura is the senior writer and Smartphones section editor responsible for managing software updates and smartphones section. She is very passionate about Gadgets & Technology and always looking around to use them in an innovative way in daily life. She reviews Gadgets & Applications to tell users about their optimum use to get the most out of in which they’ve put their time and hard earned money.
Email:[email protected]