Transport Minister Knut Arild Hareide (Kristelig Folkeparti) reveals that the government will come up with more measures to help the aviation industry through the corona crisis.
“We will have to come up with methods for the future. When we came up with our first measures, we thought the crisis would be more short-term. Now we are seeing that it’s lasting longer,” he says in an interview with the TV 2 news channel.
The government has already provided the industry with a state loan guarantee scheme for up to 6 billion kroner, but the Landsorganisasjon (LO), the Confederation of Norwegian Enterprise (NHO), and the Senterparti have advocated a separate financial support scheme for the airlines.
Hareide does not reject this, but says that a financial support scheme may not be the best tool.
“It is also natural for some companies to restructure themselves and become sustainable for the future,” he says.
Last week, SAS announced that they are planning a large-scale downsizing, and Norwegian is in extensive negotiations with bond-holders to prevent the company from going bankrupt.
© NTB Scanpix / #Norway Today