Thursday's cabinet reshuffle set to shed light on airline's future
Reports suggests the future of the Manx carrier Flybe may become clearer after a UK cabinet reshuffle later this week (13 February).
That may signal a decision by Boris Johnson's Government as to whether the airline will be given a one hundred million pound bridging loan.
Already the recipient of a tax deferral on its air passenger duty bill, Flybe needs the loan to get it through the quiet winter months.
But even so all may not be lost - Flybe shareholders may be prepared to come up with a loan should the UK Government say no to lending a hand.
It's thought a loan would be greeted with anger by many Tory MPs.
Should either plan fail, then one of the big five accountancy firms, EY, has been working on keeping disruption to a minimum, should administration be seen as the only way forward.
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