50 SKY SHADES - World aviation news

Austrian Airlines: loan installments of 60 million euros repaid in 2021

Download: Printable PDF Date: 03 Jan 2022 13:21 (UTC) categories:
Austrian Airlines: loan installments of 60 million euros repaid in 2021 - Finance publisher
Dana Ermolenko
Country: Austria Aircraft: Airplanes Airline: Austrian Airlines

After the early repayment of the first loan installment of 30 million euros in July 2021, Austrian Airlines repays another 30 million euros on 31 December 2021. By the end of 2021 the national carrier has repaid the first 60 million euros of the state-guaranteed loan with a total of 300 million. Despite the ongoing pandemic, the red-white-red airline is fulfilling its responsibility and meets the financial agreements as planned. 

Austrian Airlines board member Michael Trestl: “The corona pandemic has caused the worst crisis in our company's history. Without the support of the Austrian Federal Government and other stakeholders, the continuance of Austrian Airlines as such would not have been possible. We are proud that we have already repaid a fifth of our financial aid and that we are fulfilling our responsibilities as promised. All of this in spite of the fact that the pandemic is going on longer than we all hoped. We will proceed with this path in order to continue as the red-white-red carrier at Vienna Airport who connects Austria and the world! " 

In June 2020, Austrian Airlines received a corona aid package totaling 600 million euros, 150 million euros as an equity contribution from Lufthansa and a further 150 million euros as state cover for damages. The remaining 300 million euros were guaranteed by the Republic of Austria as a loan through bank financing. The loan is to be repaid in half-yearly installments by 2026. The state aid package ensured Austrian Airlines’ continuance as a system-relevant partner at the Vienna hub and for the Austrian economy.

Loading comments for Austrian Airlines: loan installments of 60 million euros repaid in 2021...


World first MetaFBO private terminal - Jetex

Jetex introduces first-ever MetaFBO private terminal – inviting website visitors on a virtual journey of discovery. Jetex entered the metaverse by launching a highly innovative virtual real...

Vision Systems 17th consecutive year of participation Aircraft Interiors Expo

Vision Systems announced its 17th consecutive year of participation at the prestigious Aircraft Interiors Expo. With a commitment to pushing the boundaries of passenger experience, Vision Sy...

airBaltic & Airbus participates in A220 demo tour in Asia

airBaltic participates in an aircraft manufacturer Airbus’ demonstration tour in Asia, showcasing its latest A220-300aircraft to customers, international media, and other gue...

Paving the way for the future of deliveries - Dronamics cargo drone takes first flight

Dronamics successfully completed first flight of the Black Swan, at Balchik airport in Bulgaria; demonstrating the potential for the logistics industry to enhance efficiency in the transport...

Mobile Apps development The drones news