Easyjet looking at financing options, not against state aid
EasyJet is considering options to bolster its finances, and is not against state support to help the airline get through the coronavirus pandemic, chief executive Johan Lundgren said on Saturday. "We have a number of options of financing. We are reviewing that all the time," Lundgren said ahead of the opening of a new airport in the German capital. "I am not against state aid," he said. "It is very clear that the crisis has been to that extent that you can't expect the industry and its players to cope with it all by themselves." With travel across Europe at very low levels, most airlines are bleeding cash, but easyJet's finances have come under particular scrutiny amid media reports that it has signalled to the UK government it may need more financial support. The airline has warned it will make an annual loss of as much as GBP845m for the 12 months that ended in September. <br/>
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Easyjet looking at financing options, not against state aid
EasyJet is considering options to bolster its finances, and is not against state support to help the airline get through the coronavirus pandemic, chief executive Johan Lundgren said on Saturday. "We have a number of options of financing. We are reviewing that all the time," Lundgren said ahead of the opening of a new airport in the German capital. "I am not against state aid," he said. "It is very clear that the crisis has been to that extent that you can't expect the industry and its players to cope with it all by themselves." With travel across Europe at very low levels, most airlines are bleeding cash, but easyJet's finances have come under particular scrutiny amid media reports that it has signalled to the UK government it may need more financial support. The airline has warned it will make an annual loss of as much as GBP845m for the 12 months that ended in September. <br/>