Aviation: Coronavirus

(asked on 28th August 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what conditions were included in financial support packages through the Birch scheme to airline operators.


Answered by
Kemi Badenoch Portrait
Kemi Badenoch
President of the Board of Trade
This question was answered on 3rd September 2020

Any companies seeking support must have exhausted all other options before being considered, and any support given will be on terms that protect the taxpayer, with existing lenders and shareholders expected to contribute to and share in the financial burden. Companies seeking such support would need to agree to appropriate conditions – including those relating to tax, supplier payment terms, climate change and corporate governance.

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