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.
According to what Jet2 have told Balpa and the workforce they are carrying a surplus of 450 pilots who will remain furloughed until end of October and then be brought back to working, although they say they don’t need that many until next summer. At the moment reduced pay until end of the year but can’t see it going back up in January, expect there will be more “negotiation” when they see how this summer works out and what bookings for 2021 are looking like...