Despite IATA warning that airlines globally are facing losses of $314 billion in 2020, a 55% decline compared to 2020, the US government’s $58 billion CARES package, is by-far largest aid deal so far, and even there voices are being raised that environmental and worker’s rights issued should be linked to supporting the aviation sector.
Below is a list of the state aid that has been offered so far, Airline Economics will update it as and when it changes
United States' Senate has approved $58billion in loans and loan guarantees for US passenger airlines and cargo carriers
So far airlines and the US Treasury have reached agreement on $25 billion of the package
The figure breaks down as; American ($10.5 billion), Delta ($5.4 billion) United ($4.95 billion), Southwest ($3.3 billion, Alaska ($881 million, Jet Blue), ($936 million), Spirit ($335 million)Hawaiian ($289 million), Allegiant ($172 million), SkyWest ($438 million), and Mesa ($76 million)
US airports have received a $1.18 billion CARES aid package
Australia has given a A$715 million (US$430 million) aid package of refunds and forward waivers on fuel taxes, and domestic aviation related charges
Plus the government has given an additional A$300 million package comprising $A198 million to support regional aviation and a $A100 directly to support regional airlines
Austria has given a 90% government guarantee for €300 million of loans for Austrian Airlines
Later the Lufthansa-owned airline was forced to agree to environmental targets in order to access an additional €600 million in state aid
Brazil is postponing payments of air navigation and airport fees
Burkina Faso flag carrier Air Burkina to receive state bailout of US$6 million, contained in a budget amendment bill for fiscal year 2020
China has reduced airport charges as well as providing subsidies for airlines that continue to fly to the country
Colombia gave significant tax relief for airline tickets, jet fuel and tourism to its package of relief measures
Croatia has suspended its proposed privatisation of Croatia Airlines with the government stating it would continue to support the carrier until a sale was possible
Egypt is making loans with a two-year grace period available to aviation sector firms
EUROCONTROL fees have been deferred until November
France has set out €700 million of tax aid to airline sector defer the payment of certain taxes due between March and December 2020 to after January 1 2021, for up to 24 months
Air France-KLM has secured a €7 billion state aid package from the French government
The total package reached $16.9 billion with the addition of further support for the aviation sector
Finland the government has provisionally agreed to provide a state guarantee of up to €600 million to Finnair
Germany has given TUI a state aid bridging loan for €1.8 billion via KfW
Condor has received €550 million in assistance from the federal and Hessian state governments
Lufthansa has been approved for a €9 billion bailout package
Hong Kong – The Hong Kong Airport Authority, provided an initial "total" relief package valued at HK$1.6 billion (US$206 million) including waivers on airport and air navigation fees and charges, and rent reductions for aviation services providers
The government then gave another HK$2 billion in relief, including purchasing 500,000 tickets in advance from Hong Kong based carriers to inject liquidity into the airlines
The government has taken a $5billion equity stake in Cathay Pacific
Iceland contracted Icelandic Air to keep a number of flights to London, Stockholm and Boston, until May 5
New Zealand will provide a NZ$900 million (US$580 million) loan facility to Air New Zealand as well as an additional NZ$600 million relief package for the aviation sector
The Netherlands has given KLM €3.4 billion in state aid
Norway is giving a state loan-guarantee for its aviation industry totalling NKr6 billion (US$533 million), of which NKr3bn ($270m) is potentially for LCC Norwegian Air Shuttle
The Government is fully compensating airports for the loss of airport charges and has suspended the air passenger tax until October 13
Russia has given $107 million in aid to Aeroflot and extended tax payment deadlines for the whole aviation sector
Portugal has given €1.2 billion in support to TAP
Senegal announced US$128 million in relief for the tourism and air transport sectors
Seychelles has waived all landing and parking fees for April to December 2020
Singapore has given relief measures valued at S$112 million (US$82 million) including rebates on airport charges, assistance to ground handling agents, and rental rebates at Changi Airport.
State-backed investment fund Temasek is underwriting Singapore Airlines 3 billion Singapore dollars ($3.72bn) in equity and up to 9.7 billion Singapore dollars ($6.8bn) capital raising*
The Solomon Islands' government is taking an equity stake in Solomon Airlines
Spain has opened a credit line of up to €400 million for the travel sector, via the state-owned Credit Corporation
Sweden and Denmark have 90% guaranteed a SEK 3.3 billion three-year revolving credit facility for SAS
Thailand was discussing giving flag carrier Thai Airways a $1.8 billion guaranteed loan but let the firm go insolvent instead
Tahiti is supporting airline Air Tahiti with US$77.0 million in subsidies in 2020
Turkey has offered unspecified support to Turkish Airlines as part of a $11.6billion COVID 19 stimulus package
United Kingdom has ruled that Wizz Air is eligible for its Covid Corporate Finance Facility
UK LCC EasyJet has tapped the CCFF for £600 million
Sources – Bird & Bird, Cowen, IMF, IATA, The UK Airports Operators Association, and Airline Economics research
*Technically this isn’t state aid, however, Temasek is a state backed investment fund and it owns 55% of Singapore Airlines