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BA owner complains about UK taxpayers bailing out Flybe

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IAG has filed a complaint with the EU about the UK government bailing out the failing regional airline, calling it a ‘blatant misuse of public funds’

Willie Walsh, CEO of International Airlines Group. Picture: BLOOMBERG/AKOS STILLER

Flybe was kept afloat on Tuesday after its shareholders agreed to invest more money alongside a UK government support plan, reported to involve the deferral of a tax bill and a potential government loan. Under EU rules, governments can provide state aid, but only with approval from the European Commission. The commission said on Wednesday it is willing to discuss Flybe with the UK government.

Virgin Atlantic is 51% owned by Richard Branson’s Virgin Group with the balance held by another BA rival, Delta, the second biggest US airline by passenger numbers with a market capitalisation of $40bn.

 

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