UK Airline industry wants wage subsidy scheme extended

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Britain’s airline industry urging Government to extend £40bn wage subsidy scheme as it warns of a ‘cash crisis’

By Daily Mail City & Finance Reporter

Published: | Updated:

Britain’s airline industry is urging the Government to extend the £40 billion wage subsidy scheme as it warns of a ‘cash crisis’. 

Tim Alderslade, the chief executive of industry body Airlines UK, wrote to Chancellor Rishi Sunak on Friday, saying that carriers will face a ‘renewed cash crisis’ if the job support scheme is withdrawn. 

Crisis: The length of time companies can claim has been extended from three months to four

The length of time companies can claim has been extended from three months to four, and the industry believes the Treasury is open to extending it again. 

Alderslade said: ‘We believe that the scheme will need to be extended beyond June, and that consideration should be given to measures to avoid aviation facing a cliff-edge.’ 

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