Jet2 plc will draw £200 million from the government’s Covid Corporate Financing Facility (CCFF) to provide “standby liquidity” should it be needed to address the challenges of the ongoing coronavirus crisis.
New routes include Rome, Malta, Chambery and Prague
The airline and operator’s eligibility to tap the Bank of England fund was established last May, giving it access to £300 million via a commercial loan. On Friday (12 March), Jet2 plc said its eligibility to tap the facility had been re-confirmed after the Treasury amended the requirements.
“We are pleased to announce Jet2 plc has been re-confirmed as an eligible issuer for the CCFF for up to £200 million,” said Jet2 in a stock exchange note.
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