Jet2.com and Jet2holidays parent Dart Group has secured a £300 million commercial loan from the government’s Covid Corporate Financing Facility (CCFF).
The group said the cash would provide "standby liquidity" during the coronavirus crisis should it be required, and stressed it was currently unused.
It comes in addition to an existing £100 million credit facility Dart has already fully drawn down.
Executive chairman Philip Meeson said: "The group is grateful to both the Bank of England and HM Treasury for the provision of the CCFF.
"Together with the fully drawn revolving credit facility of £100 million, these two sources of additional liquidity will provide the group with headroom to deal with the present disruption and associated working capital requirements."
Dart confirmed the award in a trading update issued on Thursday afternoon (14 May) in which it said it "continued to be encouraged" by the volume of bookings its leisure businesses, Jet2.com and Jet2holidays, were taking for summer 2021, "and their associated pricing".
"Based on this limited visibility, we are confident that once normality returns, our customers will be determined to enjoy a well-deserved Jet2 holiday and that Jet2.com and Jet2holidays will continue to have a thriving future, taking millions of UK holidaymakers annually, to the Mediterranean, the Canary Islands and European leisure cities."
The CCFF is designed to support liquidity among larger firms to help them bridge disruption to their cash flows owing to coronavirus, providing applicants can demonstrate making a "material contribution" to the UK economy and are otherwise of sound financial health.
EasyJet secured a £600 million loan from the CCFF in early April.