Flybe saved after ministers and investors seal rescue deal

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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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