It’s not state aid, it’s a loan, which will obviously have to be repaid.
The difference between Jet2 and TUI is that TUI are carrying a surplus until at least next summer, paid for by the pilots, who have voted to take pay cuts until Oct 21 to avoid any pilots having to enter a non-existent job market. Jet2 pilots I believe will only be on reduced pay until the end of the year but won’t carry a surplus as they’re making redundancies. Two different approaches to the same problem.
Last edited by H44; 25th Jul 2020 at 15:23.