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Flybe lands tax break in last-ditch rescue

Wed, 15 Jan 2020


Air passenger duty on domestic routes is being reviewed, after struggling carrier Flybe reached a deal with the UK government.

The regional airline's reportedly been given more time to pay its tax bill, and the firm's investing extra cash into the business.

Its understood that HM Revenue & Customs (HMRC) agreed during talks on Tuesday to defer a substantial part of the regional airline's outstanding tax liability.

The agreement - reached between Flybe parent Connect Airways and the government following hours of negotiations - will remove the immediate threat to 2,400 jobs at the Devon-based carrier.

Sources said that discussions about a government loan to Flybe were continuing and could take some time to finalise.

Transport Secretary Grant Shapps says Flybe has an important role in connecting cities across the UK and the crown dependencies:


Media

  • Grant Shapps Clip

 

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