Additional amending budget for 2020 – Credit guarantees for airlines due to SARS-CoV-2 2019/20:136

The ongoing spread of the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), which causes the coronavirus disease (COVID-19), has led to a drastic reduction in demand for flights. The airlines are therefore in an acute financial situation in which they are having difficulties securing loans on the capital market. The Government therefore proposes that the Riksdag authorise the Government to provide credit guarantees during 2020 amounting to a maximum of SEK 5 000 000 000 for loans to airlines that on 1 January 2020 were in possession of a Swedish permit to operate
commercial aviation activities. These credit guarantees may only be provided to companies that have their main operations or their
headquarters in Sweden. These credit guarantees must be reported to and approved by the European Commission before they can be provided.