Adds element, background
Adds element, background
LONDON, Jan 14 (Reuters) – Britain may reduce air passenger taxes on all home flights to assist rescue struggling regional airline Flybe, the BBC reported on Tuesday.
Finance minister Sajid Javid wunwell meet later with representatives from the Division for Transport (DfT) and Enterprise to debate the tax and a potential deferring of Flybe’s invoice, the company stated.
A potential deal may permit Flybe to defer a cost of greater than 100 million kilos ($130 million) for 3 years, in accordance with Sky Information. Under the plan, Flybe’s homeowners can be required to take a position tens of hundreds of thousands of kilos in contemporary fairness into the corporate as a situation of any deal.
Flybe’s flights seemed to be working as regular on Tuesday, a day after information experiences emerged suggesting it wanted to rapidly elevate new funds to assist it survive via the winter when demand for journey is decrease.
That has heaped stress on Prime Minister…