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Aviation: Finance

Question for Department for Transport

UIN HL15153, tabled on 21 April 2021

To ask Her Majesty's Government what assessment they have made of current support available for (1) the aviation sector, and (2) its supply chain.

Answered on

28 April 2021

The Government recognises the challenging circumstances facing the aviation industry as a result of Covid-19 and businesses across the sector can draw upon the unprecedented package of measures announced by the Chancellor. We continue to take a flexible approach and keep all impacts and policies under review.

In total, we estimate that by the end of April 2021 the air transport sector (airlines, airports and related services) will have benefited from around £7 billion of Government support since the start of the pandemic. This includes support through loan guarantees, support for exporters, the Bank of England’s Covid Corporate Financing Facility and the Coronavirus Job Retention Scheme. The extension of Government-backed loans and furlough payments announced at the budget build on this and will help ensure this vital and vibrant part of the UK economy is ready to bounce back in the wake of the pandemic.