The government has drafted in advisers to help decide the terms of a state bailout for Loganair, the regional airline, as the aviation industry reels from the coronavirus pandemic.
Sky News understands that the Department for Transport (DfT) has retained PricewaterhouseCoopers (PwC) to assist it in negotiations with the regional carrier, which flies to airports in Southend, Belfast and Dublin from Carlisle.
The talks come amid a series of discussions between the government and stricken carriers, including Virgin Atlantic Airways, about rescue deals aided by British taxpayers.
Loganair, which typically operates more than 200 daily flights, has slashed its schedule by more than half as a result of the pandemic.
The privately owned company has asked employees to cut their working hours by 20% and accept a 20% reduction in salary, or take a period of unpaid leave.
Source: Read Full Article