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Stobart Group

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HeadquartersSaint Martin
Guernsey
CeoWarwick Brady
Owners William Stobart
Revenue129. 4 million GBP (2017)
Founders Eddie Stobart
SubsidiariesStobart Rail Limited
WA Developments
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Date of Upd.
ID534649
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About Stobart Group


Stobart Group Ltd is a British infrastructure and support services company, with interests in energy, aviation and rail, through operations in the United Kingdom and Ireland. The company is registered in Guernsey but has its operational head office in Carlisle, England.

Flybe: the United Kingdom government considers that new funding for the airline

Feb 16,2020 10:02 am

Flybe says air passenger duty is unfair, to the detriment of its domestic customers

The Government is considering to secure measures, including short-term financing of Flybe before the collapse.

This is help in addition to a possible cut in air passenger duty (APD) on domestic flights to Flybe, which operates More Than half of the UK-internal flights outside of London.

Prime Minister , Boris Johnson told the BBC that there is "No Doubt " about the importance of the airline.

However, environmental groups, said a cut in APD, it would be "reckless".

Why is Flybe so important?

The Prime Minister told the BBC that it was "for the Government " to step in and save companies in trouble.

But he added: "We see the importance of Flybe in the provision of connectivity over the whole of the United Kingdom . "

The airline carries More Than eight million passengers annually to / from the airports, including Birmingham, Manchester, Southampton, Belfast City , Cardiff and Aberdeen in the United Kingdom and Europe.

Tim Jeans, Chairman of Cornwall Airport said Flybe was "very important, not only to our airport, But to regions, Nations and island communities throughout the UK".

"you lifeline services to destinations in the rest of the United Kingdom , which simply can not be replicated by either with other airlines or convenient and cheap train services. "

Regular Flybe passengers have also expressed their concern,

Nick Lake, 39, who works for a real estate development company, said he used Flybe at least once a week flights between Manchester and Edinburgh, and "would be devastated if you went under".

What the Government is to be taken into account?

The British Government is considering a series of measures to help the Exeter-based company.

to Flybe providing a short-term financing, with the Government money available to companies for purposes of investment and not in violation of EU rules on state aid.

It is assumed that Flybe owner, you would also need to invest tens of millions of pounds into The Company as part of any business.

A cut to air passenger duty (APD) on intra-German routes is being considered.

This is expected to be applied, the industry-wide and announced that the budget in March.

The amendment, which would allow to move, Flybe, their tax bill, a rescue plan, and secure More Than 2,000 jobs.

the improvement of the connectivity outside of London was the promise of an important Conservative Manifesto, and at least one of Flybe routes between Newquay and London is subsidised by the Government .

could see the possible deal on air passenger duty, Flybe move to a payment of More Than £100m for three years.

He also, each turnaround plan will be financed by a consortium under the leadership of Sir Richard Branson 's Virgin Atlantic , which saved the airline a year ago.

Virgin Atlantic , Southend airport owner Stobart Group and hedge Fund Cyrus Capital Partners, Paid £2. To invest 8m for the airline's £100m agreed in the loss of shops.

Flybe has refused to comment on talks on a rescue.

What is the air passenger duty is?

on all passenger flights from UK airports, with the exception of the Scottish Highlands and Islands region.

The amount depends on the destination and class of Travel .

Under the current rules, the passport will pay £13 in APD for a single trip, with higher rates for longer flights and in premium cabins passengers on domestic flights.

Flybe is a long-time critic of the APD, it is at the expense of its domestic customers, says a disproportionately high because they have to pay you, Each Time you Take Off from a British airport.

Changes in air could reduce passenger duty, the billions of pounds generated in The Charge for the Government , which is expected to be £3. 7 billion this fiscal year,

What do environmental groups think?

Doug Parr, chief scientist at the environmental campaign, the Greenpeace group said, cutting air passenger duty would be "a shocking decision".

"you can't claim to be a global leader on the climate One Day , then The Most carbon-fuel Travel -intensive type - fly - lower the next.

More Than 2,000 jobs are At Risk if Flybe fails to secure funding the

Jenny Bates, a spokesman for friends of the earth, the charity, told the BBC, a cut to air passenger duty would be "reckless".

Ms Bates said: "This short UK trips are exactly The Ones we need to avoid in order to cut the drive to prevent aviation emissions is necessary, that climate collapse.

"Instead, the state could invest More in our rail system, helps to make such trips cheaper. "

shock suggestions

The proposed cut in air passenger duty has shocked many commentators.

AA President Edmund king said motorists were taxed, much higher than the passengers.

He calculated that for every 100 miles driven, the average the car gives around £10 in the tax.

the journey from Newcastle to Newquay would cost about £35 in tax. In comparison, an air-traveler would only pay £13 in air passenger duty.

Meanwhile, the Heathrow campaign group HACAN said that it is believed that many of Flybe routes were simply economically unprofitable to little business traffic. She doubted, cut, would make the tax very much of a difference.

But the biggest outcry from environmentalists. The air Travel is the fastest growing source of emissions, the warming of The Planet , and it calls on the Government to make it More expensive, not cheaper.

there is another solution?

the Former transport Secretary and Labour peer Lord Adonis, said that if the tax was cut, it was likely that General taxes would have to be raised in order for the lost revenue.

He added: "It could stretch a case for the subsidization of More . If you are highly necessary, there is a case for subsidising them. But not to give up Virgin and BA a free lunch at the expense of The General taxpayer. "

BBC business editor, Simon Jack , said a cut in air passenger duty could create what Boris Johnson described as a "moral Hazard " - a dangerous precedent that would lead to fighting companies believe that they could trust the Government to help you, if you are in economic difficulties

What are your rights?

as long as Flybe takes to fly, there is no need to worry and certainly not a reason to try to get Your Money back, writes Simon Gompertz, BBC Personal Finance correspondent.

If the airline fail, however, all flights would likely be cancelled. Those who could find with Paid bookings, you lose your flights and Your Money .

If your flight is part of a package holiday covered by the ATOL scheme, then you should be protected and have The Right to a rebooking or a refund.

Otherwise, you can try to retrieve The Money from your credit card company if that is how you Paid . There is also a debit card chargeback System that can help.

Many Travel Insurance companies are not a lot in these cases, unless you stumped up extra for Scheduled Airline failure-option, or something similar.

could be left This stuck in overseas, in the hope that the Government will direct the CAA to step in to pick up like the time as a Monarch and Thomas Cook went under, back to the stranded passengers free of charge.

What questions do you have to Flybe in trouble? Let us know and a selection will be answered by a BBC journalist.

In some cases, your Question will be published, showing Your Name , your age and location, how you offer it, unless you indicate otherwise. Your contact details will not be published. Please make sure you read our and.

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boris johnson, air pollution, exeter, air travel, aerospace, companies, newquay, transport, flybe

Source of news: bbc.com

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