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Aviation: Coronavirus

Question for Treasury

UIN 154725, tabled on 19 February 2021

To ask the Chancellor of the Exchequer, how many meetings he has had with representatives of the aviation industry to discuss the planned Aviation Recovery Package.

Answered on

24 February 2021

The Chancellor speaks to industry representatives on a regular basis about a range of matters.

The Government recognises the challenging circumstances facing the aviation industry as a result of Covid-19 and firms experiencing difficulties can draw upon the unprecedented package of measures announced by the Chancellor, including schemes to raise capital and flexibilities with tax bills. In addition to economy-wide measures such as the Coronavirus Job Retention Scheme, the aerospace sector and its aviation customers are being supported with almost £11 billion made available through loan guarantees, support for exporters, the Bank of England’s Covid Corporate Financing Facility and grants for research and development. This includes £8bn of guarantees provided by UK Export Finance.

In addition, the Airport and Ground Operations Support Scheme launched on 29 January 2021 will provide support for eligible businesses, up to the equivalent of their business rates liabilities in the 2020/21 financial year, subject to certain conditions and a cap per claimant of £8m. This will help companies with their fixed costs and could unlock shareholder and lender support.

Answered by

Treasury