Stobart Group

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The government has agreed a rescue plan for troubled regional airline Flybe .

the Ministers agreed to work with Flybe to figure out a repayment plan for a tax to have significant liabilities, the thoughts of upwards of £100m.

Meanwhile , the companies have agreed to the owners pump more money into the loss-making airline.

The Business Secretary, Andrea Leadsom , said The Deal would allow The Company in operation.

it will fly a relief for many of The Eight million passengers use the airline each year.

But, The Chief executive, the owner of British Airways has attacked The Move as a misuse of public funds.

In a letter to Transport Secretary Grant shapp's, a copy of which was made by the BBC, Willie Walsh, the question of why the taxpayers paid the bill for the airline mismanagement.

He pointed out that Flybe is the largest shareholders of Virgin Atlantic , part owned by the US-Delta, one of The World 's largest and most profitable airlines.

Flybe services to dozens of UK domestic routes that are not flown by other airlines, so that it is the largest airline to fly from some regional airports, such as Newquay.

"Flybe plays an important and unique role in the UK aviation system, supporting the development of the regions, with important connections to The Company and the promotion of growth in trade," the head of The Airport Operators Association, Karen Dee, said in a statement, The Rescue welcome deal.

As part of the agreement, Flybe shareholders, including Virgin Atlantic and Stobart ' group who were willing to put more money in The Business .

The government has pledged £26 Air passenger duty, which is levied fights back on domestic, and the United Kingdom added that the airline's losses.

'Very

encouraged'"very Pleased that we have managed to keep the agreement with Flybe shareholders, The Company , the operating, the position that the UK regions to stay connected," Ms Leadsom tweeted.

"This is welcome news for Flybe employees, customers, and lenders, and we will continue the hard work to secure a sustainable future. "

Lucien Farrell, The Chairman of Connect Airways, which Flybe said The Group had agreed to "keep Flybe fly with additional resources in addition to government initiatives".

"We are very encouraged that with the recent developments, especially the government, the recognition of the importance of Flybe , communities and businesses throughout the UK and The Desire to strengthen regional connectivity," he said.

Urgent inspection

The transport Secretary said the government had worked closely with Flybe to ensure that his aircraft were able to fly further.

Mr shapp's said The Department for Transport would evaluate the implementation of an urgent review that will seek to, as it's regional connections and ensure that airports can continue to improve throughout the country.

But the prospect of tax cuts, which has angered on-the-fly climate-activists who claim that it is The Most carbon-intensive modes of transport.

Green Party MP Caroline Lucas said that the Air passenger duty was "totally incompatible with any serious commitment" to combat Climate Change .

"flights must be reduced, not cheaper," she wrote on Twitter.

But the government has said the review of the tax, in line with its zero-carbon goals.

The British Airline Pilots Association, a Association, welcomed the news.

"This is good news for 2,400 Flybe employees whose jobs will be secured and the regional communities that would have lost their Air -connectivity, Flybe ," General Secretary , Brian Strutton, said in a statement.

Flybe , which flies to 170 destinations, has fallen under The Weight of an estimated £106 bill for the Air passenger duty, as well as a slowdown in demand, the hurt, the airline for the finances.

The support of The Boss , Mark Anderson , said: "This is a positive result for the Kingdom and will allow us to focus planning on providing for our customers and for The Future .

"Flybe is of an incredible team of people, the millions of loyal customers who rely on the vital regional connectivity that we offer. "

exeter, air travel, companies, flybe

Source of news: bbc.com