Oireachtas Joint and Select Committees

Friday, 24 July 2020

Special Committee on Covid-19 Response

Covid-19: Impact on International Travel

Mr. Evan Cullen:

With respect to the Deputy, British Airways is the biggest component of IAG and it has received a £300 million state-guaranteed loan from the UK Government. Iberia is the other pillar airline of IAG and the two Spanish airlines have received a €1 billion government-backed loan on condition of there being no redundancies at the airlines. I have set out all these details in the submission provided to members. Lufthansa has received €9 billion, Air France has got €7 billion and KLM is in receipt of €3 billion. Alitalia has, in effect, been nationalised, as has TAP Air Portugal at a cost of more than €1 billion. The list goes on. The outlier, yet again, is Ireland.

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