FLYBE could get a £100 million bailout as the airline announces it is on the brink of collapse.
Chancellor Sajid Javid has said he will hold talks with the business and transport secretaries, Andrea Leadsom and Grant Shapps, about whether to support a rescue deal for the airline on Tuesday.
The emergency meeting will discuss whether a £100 million tax payment can be deferred until 2023, according to Sky News.
2,400 jobs are at stake should the deal fall through.
The deal would be conditional on Flybe's three shareholders pumping tens of millions of pounds more than they had wanted to into the loss-making carrier.
The plan is said to involve Flybe deferring this year's estimated air passenger duty (APD) bill of £106 million for three years.
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