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<p>The Government recognises the challenging times facing the aviation sector as a
result of COVID-19 and the Chancellor wrote to the aviation sector on 24 March to
set out the Government’s position and the support measures available. The Government
has announced an unprecedented package of support for workers and businesses to protect
against the current economic emergency.</p><p> </p><p>This includes the Coronavirus
Job Retention Scheme, which help firms to retain employees. This Scheme allows businesses
to put employees on temporary leave, with the Government paying cash grants of 80%
of their wages up to a cap of £2,500 per month, providing the business keeps the person
employed. On 12 May, the Government announced a major extension to the CJRS which
will continue to the end of October, including more flexibility and employer contributions
from August as people return to work.</p><p> </p><p>The Government is prepared to
enter negotiations with individual companies seeking bespoke support as a last resort,
having exhausted other options. However further taxpayer support would only be possible
if all commercial avenues have been fully explored, including raising further capital
from existing investors and discussing arrangements with financial stakeholders. Any
intervention would need to represent value for money for taxpayers.</p>
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