Proceed with caution. British Govt rescues Airline Flybe!

Yesterday we reported that Europe’s largest regional airline, Flybe, was on the brink of collapse but today, it has been revealed that the British Government has stepped in with a rescue plan to keep the airline afloat. British Government Ministers have agreed to work with the troubled airline to create a repayment plan for a tax debt of over £100 million.

The deal means that the airline can keep operating. This will come as welcome news to the eight million passengers who fly with the airline each year. And of course, to the 2000 staff whose jobs were at risk. The carrier’s network covers 56 airports across Britain and Europe, making it a key mode of transport for millions of people.

As the headline says – proceed with caution! Low cost carriers have been closing up at an above normal rate. today we hear that Ernest Airlines – based in Italy – has had it operation license cancelled and the lease company has taken back its entire fleet of 4 aircraft!.

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