UK regional airline, Flybe, has been granted a lifeline, again. UK Transport Secretary Grant Shapps, Business Secretary Andrea Leadsom and Chancellor Sajid Javid have signed off on the deal that will keep Flybe operating. Flybe, now owned by the Connect Airways consortium, comprised of Virgin Atlantic, Stobart and Cyrus Capital, went cap in hand to the UK government yesterday seeking relief from a £100 million air passenger duty (APD) bill it was struggling to pay.Leadsom confirmed the new deal last night, which includes a short-term deferral of some of Flybe’s APD bill, a potential government loan and a further cash

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