Denmark: Loan guarantee to Scandinavian Airlines following financial losses incurred due to COVID-19

Announcement

17 Mar 2020

In March 2020, the Danish authorities announced the approval of a loan guarantee to SAS AB also known as Scandinavian airlines. The financial support is approved following the company's financial issues incurred by the outbreak of COVID-19.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

17 Mar 2020

Revocation date:

No revocation date

Updated: 17 Mar 2020

Loan guarantee In force

On 17 March 2020, the Ministry of Finance of Denmark issued a press release announcing that Denmark will provide a loan guarantee to Scandinavian Airlines (SAS AB) having a total value of SEK&...

Related State Acts

19 Mar 2020

Sweden: Loan guarantee scheme established to support the aviation industry including SAS AB following the COVID-19 pandemic

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