Flybe is ominous UK test flight for Johnsonomics edwardcropley
Britain reached a deal on Jan. 14 to rescue struggling regional airline Flybe, with the government pledging to defer 106 million pounds in tax payments and shareholders pledging to inject more money, according to domestic media reports.
Prime Minister Boris Johnson’s administration also promised a review of Britain’s Air Passenger Duty, a 13 pound levy paid on every domestic departure. Willie Walsh, the outgoing chief executive of British Airways-owner IAG, condemned the rescue as a “blatant misuse of public funds”.
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