Flybe’s shareholders, which include Virgin Atlantic and Stobart Group, have agreed to put more money into the airline, BBC News reports.
According to Sky News, the deal is likely to involve some deferral of Flybe’s Air Passenger Duty (APD) bill.
There will also be a review, in March’s budget, of the way the tax is applied to domestic flights and further talks about a government loan.
General secretary of pilots union Balpa, Brian Strutton, said the government “should be applauded” for “stepping up to the plate to help one of the few remaining independent UK airlines and a vital one at that”.
