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

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 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 Treasury said it would review air passenger duty (APD), a tax that adds £26 per passenger to all Flybe domestic return flights, to “ensure regional connectivity is strengthened while meeting the UK’s climate change commitments to meet net zero by 2050”.

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