British Airways’ parent company has started proceedings with the EU after the government helped the regional airline to save itself from the brink of collapse.
Flybe’s consortium owners – Virgin Atlantic, Stobart Group and Cyrus Capital Partners – are reportedly injecting cash into the business in return for an £100 million Air Passenger Duty tax break.
IAG’s chief executive Willie Walsh, who is standing down from his role in March before retiring in June, said the decision was a “blatant misuse of public funds”.
