Originally Posted by
Saabdriver1
Even though it doesn't have anything beyond the standard quote from the company, this news report strongly hints it's the same loan support that is being sought by Loganair as that for any other mid-size business in any sector now that the Government has extended the programme.
Assuming this is a fair summary, it moves the question of support for Loganair onto the same footing as that for easyJet, Wizz or a chain of pubs or retail outlets - through an approved Government scheme open to any eligible company in any sector of the economy.
Going by their books - however accurate, this is what PwC will be doing - they won’t be able to service any substantial level of debt.
In two minds - if they do, I hope they do it sensibly to ensure their long term survival. But if they get greedy, they’ll only find themselves in a more difficult situation down the line. I’m not convinced any level of debt they could access - with minimal assets on the books - will be enough.