The regional airline Flybe has been rescued from administration after the government stepped in at the last minute.
It is thought the government is to look at air passenger duty, Flybe shareholders also put more money into the company saving over 2000 jobs.
Flybe is Europe’s biggest regional airline connecting to many of the smaller airports around the UK, the airline was in recent times bought by Virgin Atlantic and Stobart Air in a consortium called ‘Connect Air’ it is thought Virgin Atlantic was concerned by Flybe’s financial issues.
The airline started up in 1979 called then ‘Jersey European Airways’ and was changed to Flybe in 2002, the airline is incredibly popular and is a surprise to many that it almost went the same way as Thomas Cook.
As of now the airline is operating as normal.