Government to Help Airlines Through Year’s End

NorwegianNorwegian: Gorm Kallestad / NTB
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The government will extend the loan guarantee scheme for aviation until the new year. The goal is to help Norwegian aviation through a demanding economic period.

The change must be approved by the EFTA Surveillance Authority ESA before it can become official.

– The change we are now proposing will make it such that the scheme can be of help to more airlines than those who have so far used it, says Minister of Trade and Industry Iselin Nybø (V) in a press release.

So far, Norwegian and Airwing have used the scheme launched by the government on March 19. The scheme amounted to up to NOK 6 billion. 3 billion were aimed at Norwegian, while NOK 1.5 billion were aimed at SAS, and NOK 1.5 billion at Widerøe and other airlines.

– Today’s situation for aviation is more drawn out and serious than expected when the scheme was originally adopted in March. The government will contribute to maintaining Norwegian aviation through a financially very demanding period, says Nybø.

Support schemes that have previously been granted to aviation include, among other things, tax exemptions, VAT cuts, direct purchase of capacity, and the aforementioned loan guarantee scheme. The measures were originally meant to last until the end of October.

© NTB Scanpix / #Norway Today

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