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.
Vote on Castle Rushen High School funding 'very unlikely' before election
Ramsey Commissioners to host public meeting about cottage hospital
DfE provided more than £250,000 to MT to assist with below ground fibre installations
Man given suspended sentence after importing 2kg of cannabis to Island
WCAS reuse garages to reopen on trial basis