Flybe rejects rivals’ bailout complaints
Flybe has dismissed suggestions by rivals Ryanair, EasyJet and IAG that the UK regional carrier is receiving unfair and illegal state subsidies, following the govt’s decision to provide a bailout package. Flybe asserts that media reporting of its bailout has been inaccurate, and says the payment plan agreed with UK tax authorities covers a debt of less than GBP10m (US$13m). “This agreement will only last a matter of months before all taxes and duties are paid in full,” it adds. It stresses that this represents a standard “time to pay” agreement which any business in financial difficulties may use. Ryanair argues that any financial assistance provided to Flybe would constitute unfair state aid, and is threatening to challenge the decision in the UK and European courts. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-01-20/unaligned/flybe-rejects-rivals2019-bailout-complaints
https://portal.staralliance.com/cms/logo.png
Flybe rejects rivals’ bailout complaints
Flybe has dismissed suggestions by rivals Ryanair, EasyJet and IAG that the UK regional carrier is receiving unfair and illegal state subsidies, following the govt’s decision to provide a bailout package. Flybe asserts that media reporting of its bailout has been inaccurate, and says the payment plan agreed with UK tax authorities covers a debt of less than GBP10m (US$13m). “This agreement will only last a matter of months before all taxes and duties are paid in full,” it adds. It stresses that this represents a standard “time to pay” agreement which any business in financial difficulties may use. Ryanair argues that any financial assistance provided to Flybe would constitute unfair state aid, and is threatening to challenge the decision in the UK and European courts. <br/>
