Originally Posted by
LTNman
TBSC
British Wizz did not get a penny as it went to the Wizz holding company as they trade on the stock exchange. The Wizz group benefited by paying off loans that were replaced with cheap U.K. money.
Money was lent to UK Ltd company NOT to an overseas entity. What Wizzair UK Ltd do with that cash is up to then but UK Govt will lend to UK entity first as lending to Hungarian based company they have zero recourse for repayment.