Jet2 to receive GBP200m UK government loan
Jet2 is to access a loan of GBP200m from the UK government’s Covid Corporate Financing Facility (CCFF). The UK carrier had originally qualified for a GBP300m loan under the facility, but this was reduced by a third after the government amended the eligibility requirements in October. The CCFF was established by the UK Treasury and the Bank of England to assist companies through the Covid-19 pandemic. Jet2 says it “intends to issue the full amount” prior to the closure of the scheme on 22 March, and will use the funds to provide standby liquidity. The loan “provides the group with additional headroom to deal with the ongoing cost of disruption to our sector”, states Jet2 executive chairman Philip Meeson.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-03-16/unaligned/jet2-to-receive-gbp200m-uk-government-loan
https://portal.staralliance.com/cms/logo.png
Jet2 to receive GBP200m UK government loan
Jet2 is to access a loan of GBP200m from the UK government’s Covid Corporate Financing Facility (CCFF). The UK carrier had originally qualified for a GBP300m loan under the facility, but this was reduced by a third after the government amended the eligibility requirements in October. The CCFF was established by the UK Treasury and the Bank of England to assist companies through the Covid-19 pandemic. Jet2 says it “intends to issue the full amount” prior to the closure of the scheme on 22 March, and will use the funds to provide standby liquidity. The loan “provides the group with additional headroom to deal with the ongoing cost of disruption to our sector”, states Jet2 executive chairman Philip Meeson.<br/>
