Flybe reaches rescue take care of shareholders

Troubled regional airline Flybe has struck a rescue take care of its traders and the federal government.

The agency’s shareholders, which embody Virgin Atlantic and Stobart Group, have agreed to place more cash into the loss-making airline.

In the meantime, the federal government has agreed to evaluate air passenger obligation, which had added to the agency’s losses.

Enterprise Secretary Andrea Leadsom has mentioned that the deal would hold the corporate working.