Daily Times

The boss of easyJet has warned rival airlines could use state aid worth billions of euros to “grab market share”. Chief executive Johan Lundgren called on the Government to boost support for UK aviation companies, which he said are in a “fight for survival” due to the coronavirus pandemic. Financial pressures from the pandemic are “way beyond what you can expect the industry to deal with”, the boss of the UK’s largest airline said. EasyJet secured a £600 million loan from the Bank of England’s emergency coronavirus fund in April, but Mr Lundgren said in terms of overall support for UK aviation “I don’t think there has been enough”. European airline firms such as Lufthansa, Air France-KLM and Norwegian are among those to receive major financial backing from their home countries during the pandemic.