The UK Government has called in financial experts as they look to provide bailout loan to struggling regional airline Flybe rumoured to be in excess of £100m. According to Sky News financial restructuring experts, Alvarez & Marsal have been brought in to work out the terms of the deal for [read more]
The government-brokered deal to save the regional airline Flybe (BE/BEE) is a misuse of public funds according to the head of International Airlines Group (IAG), Willie Walsh. Mr Walsh has written to Transport Secretary Grant Shapps stating that “Prior to the acquisition of Flybe by the consortium which includes Virgin/Delta, [read more]
Regional airline Flybe (BE/EEE) has reached a deal with its principal investors Virgin Atlantic, Stobart Group and Cyrus Capital, to inject more money into the struggling airline to avoid its collapse this week. The deal was reached with the help of the UK Government who have agreed, as a matter [read more]
The Government is considering cutting Air Passenger Duty (APD) on domestic flights in a bid to save regional airline Flybe (BE/BEE). It is understood that Flybe currently owes around £100m in unpaid Air Passenger Duty but deferring it would be seen as state-aid under EU regulations meaning the only viable [read more]
Flybe has asked the government to help it defer a massive Air Passenger Duty (APD) bill in a bid to help it avoid the collapse of the airline. The bill is understood to run into millions of pounds but deferring it would be classed as state-aid and a breach of [read more]
Cardiff Airport CEO has said that she finds it “difficult to understand” why the UK Government has said that it will not devolve Air Passenger Duty (APD) to the Welsh Government. The UK Government confirmed it would not be devolving the power today despite a recommendation from the Welsh Office [read more]
The Welsh Government has announced that it is exploring opportunities to increase domestic flights from Cardiff Airport and ways to bypass Air Passenger Duty on those routes. Ken Skates AM made the announcement yesterday saying he was working to impose up to 9 Public Service Obligation (PSO) routes from Cardiff Airport [read more]
As we enter the new year with exciting times ahead for lots of areas of the welsh aviation industry in Wales, we take a quick look back at what made the headlines in 2017. A year of highs and lows for our airports and aerospace industry. January 2017 saw the beginnings [read more]
According to research carried out by the TaxPayers Alliance, the UK Government has raked in £3.1bn in summer holiday taxes. The research is based on all aspects of summer holidays from pre-holiday shopping, Insurance Premium Tax and Air Passenger Duty on flights. Air Passenger Duty has been in the news [read more]
The 2nd reading of the Wales Bill went through Parliament this week and one of the big topics for Wales, that affects everyone in Wales was discarded. Largely as it was bad for England so it begs the question, do Welsh MP’s really care whats right for Wales? The topic [read more]
©2014-2022 UK Aviation News | A UK Aviation Media Production | Hosted and Maintained by Newport Digital | Find us on Mastodon