Austrian Airlines repays another €30 million

©Austrian Airlines

After the early repayment of the first loan instalment of €30 million in July 2021, Austrian Airlines repaid another €30 million on December 31, 2021. By the end of 2021 the national carrier has repaid the first €60 million of the state-guaranteed loan worth a total of €300 million. Despite the ongoing pandemic, the airline is fulfilling its responsibility and meets the financial agreements as planned.

In June 2020, Austrian Airlines received a Corona aid package totalling €600 million, €150 million as an equity contribution from Lufthansa and a further €150 million as state-cover for damages. The remaining €300 million were guaranteed by the Republic of Austria as a loan through bank financing. The loan is to be repaid in half-yearly instalments by 2026. The state aid package ensured Austrian Airlines’ continuance as a system-relevant partner at the Vienna hub and for the Austrian economy. (£1.00 = €1.19 at time of publication)

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