Travel Firms Owe $2.7 Billion Worth of UK Covid Loans
Skift Take
The ongoing publication by the Bank of England of a list of companies with outstanding debts is a reminder of how deeply impacted the travel industry has been by coronavirus.
The UK government's list of companies that have yet to pay back their emergency Covid loans provides a snapshot of how badly the travel industry has been affected by the pandemic.
The UK loaned a total of $50 billion to a range of companies as part of its Covid Corporate Financing Facility, set up by the Treasury and the Bank of England.
Company Amount owed as of Oct. 6 Ryanair DAC $817 million easyJet PLC $408 million Stagecoach Group PLC $408 million Wizz Air $408 million Gatwick Airport Limited $374 million Jet2 Plc $272 million Flight Centre UK Limited $156 millionThe cash was made available to any firms that make a material contribution to t
