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Therese Raphael

Boris Johnson Flies Into Dangerous Skies

The Tories used to give failing companies like Flybe the cold shoulder. Not any more.

Flying to the rescue.

Flying to the rescue.

Photographer: Getty Images Europe

You know British politics has been turned on its head when a Conservative government jumps in to rescue a failing company, and Labour supporters criticize the bailout as market distorting and wasteful. Yet that’s the odd situation that arises from the U.K.’s decision to save struggling regional airline Flybe.

When faced with the collapses of travel agent Thomas Cook, contracting giant Carillion, British Steel and Monarch Airlines the previous Conservative government stood, rightly, to one side. Another airline with a similar sounding name, Flybmi, also got the cold shoulder.