Flybe plays down size of rescue deal as rivals step up criticism
(The Guardian Business News)

Airline says that, contrary to reports, only a small amount of tax bill has been deferredFlybe has admitted to having secured a £10m tax holiday and confirmed ongoing negotiations over a state loan, as rival airlines stepped up attacks on the government´s rescue of the struggling carrier.The Exeter-based airline said that, contrary to reports, only a small amount of its annual air passenger duty (APD) bill - believed to be £106m - had been deferred, in what it said was a standard arrangement for businesses in difficulty. Continue reading...