Aviation: Coronavirus

Treasury written question – answered on 3rd September 2020.

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Photo of Jim McMahon Jim McMahon Shadow Secretary of State for Transport

To ask the Chancellor of the Exchequer, what conditions were included in financial support packages through the Birch scheme to airline operators.

Photo of Kemi Badenoch Kemi Badenoch The Exchequer Secretary

Any companies seeking support must have exhausted all other options before being considered, and any support given will be on terms that protect the taxpayer, with existing lenders and shareholders expected to contribute to and share in the financial burden. Companies seeking such support would need to agree to appropriate conditions – including those relating to tax, supplier payment terms, climate change and corporate governance.

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