Airlines: Economic Situation

Department for Transport written question – answered on 21st May 2020.

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Photo of Baroness Ritchie of Downpatrick Baroness Ritchie of Downpatrick Non-affiliated

To ask Her Majesty's Government what assessment they have made of (1) the resilience, and (2) the financial situation, of airlines which operate in the UK.

Photo of Baroness Vere of Norbiton Baroness Vere of Norbiton Parliamentary Under-Secretary (Department for Transport)

We recognise that airlines are facing a number of challenges as a result of the Covid-19 pandemic. They have seen unprecedented falls in demand which have had a significant impact of their financial position. To this end we are maintaining a regular dialogue with airlines across the sector to understand the positions they are in and to encourage them to draw on the unprecedented package of cross-economy financial support measures which the Government has made available.

This engagement sits alongside the work of the Civil Aviation Authority (CAA) in its role as independent regulator of the UK aviation sector. The CAA is responsible for the assessment of UK airlines under the formal licensing regime, and the financial health of airlines is taken into consideration throughout this process.

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