Fearing a cash crisis this northern winter, some of Europe’s smaller airlines want access to European Investment Bank (EIB) funds, the European Regions Airline Association (ERA) says.
ERA, which represents 65 regional airlines, has asked the European Commission (EC) for access to EIB funds, which already are available to ailing industries such as car manufacturing.
“If a number of carriers have to endure a poor winter, cash resources are very limited. Regional carriers are in trouble as they have already been parsimonious. They’ve got [no costs] to cut, so some airlines are going to find it desperately difficult to survive,” ERA director general Mike Ambrose told Reuters.
Aircargo Asia Pacific
Login
