Table 1.
Financial Support offered to European Airlines in response to COVID-19 as of end June 2020.
| Airline | Amount (€ mn) | Status (June 26, 2020) | Type of Support |
|---|---|---|---|
| Air Baltic | 250 | Agreed | Recapitalization |
| Air France-KLM Group | |||
| Air France | 7000 | Agreed | Loan and Loan Guarantee |
| KLM | 3200 | Agreed | Loan and Loan Guarantee |
| Alitalia | 3000 | Awaiting Parliamentary approval | Nationalization |
| Condor | 550 | Agreed | Loan |
| EasyJet UK | 670 | Agreed | Loan |
| Finnair | 826/414 | Agreed/Under discussion | Credit guarantee and Recapitalization |
| International Airlines Group (IAG) | |||
| British Airways | 343 | Agreed | Loan |
| Iberia | 750 | Agreed | Loan |
| Vueling | 260 | Agreed | Loan |
| Lufthansa Group | |||
| Lufthansa German Airlines | 9000 | Agreed | Loan and equity stake |
| Austrian Airlines | 450 | Agreed | State Aid and Loan tied partially to meeting CO2 reduction and other climate mitigation efforts |
| Swiss International Airlines | 1200 | Agreed | Loan and no dividend payments during duration of loan |
| Brussels Airlines | 290 | Under discussion | Unknown |
| Nordica | 30 | Agreed | Recapitalization |
| Norwegian Express | 277 | Agreed | Loan Guarantee |
| Regional Carriers in Norway | 121 | Agreed | Loan Guarantees |
| Ryanair | 670 | Agreed | Loan |
| SAS | 407 | Agreed | Credit Guarantee |
| All airlines operating in Sweden | 318 | Agreed | Loan Guarantees |
| TAP Portugal | 1200 | Agreed | Loan |
| TUI Group | 1800 | Agreed | Loan and no dividend payments during duration of loan |
| TUI Fly | 250 | Under discussion | No clarity |
| Virgin Atlantic | 573 | Under discussion | Loan and credit guarantees |
| Wizzair | 344 | Agreed | Loan |
Source: authors' own adapted from https://www.transportenvironment.org/what-we-do/flying-and-climate-change/bailout-tracker. June 26, 2020.