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Pilots for Exeter-based airline Flybe have accepted a 5% pay cut to avoid compulsory redundancies, managers and a union say.

Flybe had planned to make about 50 pilots redundant across the UK.

The British Airline Pilots Association said 74% of its members voted to accept the cut to ensure no pilot was forced out of a job.

Flybe confirmed it was finalising the agreement, which would then be signed.