| answer text |
<p>The Government recognises the challenging times facing the aviation sector as a
result of COVID-19.</p><p> </p><p>Businesses across the industry have been able to
draw on the unprecedented package of economic measures put in place during this time
by the Government. In addition the sector has been able to apply for the Bank of England’s
Covid Corporate Finance Facility. However, if businesses across the sector find themselves
in trouble as a result of coronavirus even following the Government’s cross-economy
wage and financial interventions, the Transport Secretary and Chancellor have confirmed
that the Government is prepared to enter discussions with individual companies seeking
bespoke support as a last resort, having exhausted all other options. Any intervention
would need to represent value for money for taxpayers.</p><p> </p><p>Businesses across
the sector are eligible and have accessed these schemes which has protected a number
of jobs across the industry. We do not comment on the commercial or financial matters
of private firms and are therefore unable to say anything further at this stage.</p>
|
|
