On-Air Now

Facebook

Flybe’s defending the rescue package it struck with the UK government and denied it’s worth up to £100M.

 

The struggling airline says it's actually been given more time to pay a tax bill of "less than £10M".

 

The company also insists it'll settle what it owes within months.

 

Rivals have complained the agreement's unfair.

 

Flybe was last year taken over by a consortium led by Sir Richard Branson's Virgin Atlantic - which is 49% owned by America's Delta airline - together with infrastructure group Stobart and hedge fund Cyrus Capital.

Subscribe to get Energy FM News direct to your mobile device

You can get Energy FM News delivered direct to your mobile device using one of the following methods.

• In the Apple News App on iOS search for Energy FM IOM and then just add it to your favourites
• In the Google News & Weather App just search for Energy FM and then add us as a customised section
• If you use an RSS Reader then just add our feed to your app, click here for our news RSS feed