EasyJet secures £600m Government loan as founder says it will ‘run out of money’

EasyJet said it has secured a £600 million Government loan as its founder warned it will “run out of money by around August”.

The funds are from the UK’s corporate financing facility to help firms during the coronavirus pandemic.

The airline also announced it will borrow a further 500m US dollars (£406 million) from commercial creditors as part of its “focus on maximising liquidity”.

The moves come as founder Sir Stelios...
source: Oxford Mail

2020-04-06 21:26
Latest news from Oxford Mail
today 22:14 US takes action against China over Hong Kong
today 22:14 Diane Dodds – Furlough changes incredibly difficult for some firms in NI
today 22:14 Lockdown measures not being eased in ‘reckless’ way, Chancellor says
today 22:14 Lockdown measures not being eased in ‘reckless’ way, Chancellor says
today 22:14 Kai Havertz scores again as Bayer Leverkusen move up to third in Bundesliga
yesterday 21:11 US cuts ties with World Health Organisation over coronavirus response
yesterday 21:11 Minneapolis officer charged following death of black man in custody
yesterday 21:11 Tony Watt sticks with Motherwell
yesterday 21:11 No new coronavirus deaths in Oxfordshire all week
yesterday 20:08 Duchess of York praises daughter on postponed wedding day
yesterday 20:08 Shadow chancellor says firms getting Covid help should pay back society
yesterday 20:08 Scottish Premiership teams set sights on an early August kick-off
yesterday 20:08 Tottenham boss Jose Mourinho warns quality of Premier League may not be instant
yesterday 20:08 Police cast doubt on neutral venues hosting key Premier League games
yesterday 19:05 ‘Amazing’ efforts of community workers praised by hirsute Harry
yesterday 19:05 Minneapolis officer arrested following death of black man in custody
yesterday 19:05 Rashford dazzles and Broad remembers Patel fall – what sport stars did on Friday
yesterday 19:05 Scottish Premiership teams set sights on an early August kick-off
yesterday 19:05 FIFA sees a different game until Covid-19 vaccine is developed
yesterday 19:05 No new coronavirus deaths in Oxfordshire all week
Latest news from Oxford
today 22:14 US takes action against China over Hong Kong
today 22:14 Diane Dodds – Furlough changes incredibly difficult for some firms in NI
today 22:14 Lockdown measures not being eased in ‘reckless’ way, Chancellor says
today 22:14 Kai Havertz scores again as Bayer Leverkusen move up to third in Bundesliga
today 22:14 US takes action against China over Hong Kong
today 22:14 Diane Dodds – Furlough changes incredibly difficult for some firms in NI
today 22:14 Lockdown measures not being eased in ‘reckless’ way, Chancellor says
today 22:14 Lockdown measures not being eased in ‘reckless’ way, Chancellor says
today 22:14 Kai Havertz scores again as Bayer Leverkusen move up to third in Bundesliga
today 22:14 US takes action against China over Hong Kong
today 22:14 Diane Dodds – Furlough changes incredibly difficult for some firms in NI
today 22:14 Lockdown measures not being eased in ‘reckless’ way, Chancellor says
today 22:14 Lockdown measures not being eased in ‘reckless’ way, Chancellor says
today 22:14 Kai Havertz scores again as Bayer Leverkusen move up to third in Bundesliga
yesterday 21:11 US cuts ties with World Health Organisation over coronavirus response
yesterday 21:11 Minneapolis officer charged following death of black man in custody
yesterday 21:11 Tony Watt sticks with Motherwell
yesterday 21:11 No new coronavirus deaths in Oxfordshire all week
yesterday 21:11 US cuts ties with World Health Organisation over coronavirus response
yesterday 21:11 Minneapolis officer charged following death of black man in custody
yesterday 21:11 Tony Watt sticks with Motherwell
yesterday 21:11 No new coronavirus deaths in Oxfordshire all week
yesterday 21:11 US cuts ties with World Health Organisation over coronavirus response
yesterday 21:11 Minneapolis officer charged following death of black man in custody
yesterday 21:11 Tony Watt sticks with Motherwell
yesterday 21:11 No new coronavirus deaths in Oxfordshire all week
yesterday 20:08 Joe Biden says George Floyd’s death shows ‘open wound’ of US racism
yesterday 20:08 Lockdown measures not being eased in ‘reckless’ way, Chancellor says
yesterday 20:08 Duchess of York praises daughter on postponed wedding day
yesterday 20:08 Shadow chancellor says firms getting Covid help should pay back society
yesterday 20:08 Scottish Premiership teams set sights on an early August kick-off
yesterday 20:08 Tottenham boss Jose Mourinho warns quality of Premier League may not be instant
yesterday 20:08 Police cast doubt on neutral venues hosting key Premier League games
yesterday 20:08 Duchess of York praises daughter on postponed wedding day
yesterday 20:08 Shadow chancellor says firms getting Covid help should pay back society
yesterday 20:08 Scottish Premiership teams set sights on an early August kick-off
yesterday 20:08 Tottenham boss Jose Mourinho warns quality of Premier League may not be instant
yesterday 20:08 Police cast doubt on neutral venues hosting key Premier League games
yesterday 20:08 Duchess of York praises daughter on postponed wedding day
yesterday 20:08 Shadow chancellor says firms getting Covid help should pay back society
yesterday 20:08 Scottish Premiership teams set sights on an early August kick-off
yesterday 20:08 Tottenham boss Jose Mourinho warns quality of Premier League may not be instant
yesterday 20:08 Police cast doubt on neutral venues hosting key Premier League games
yesterday 19:05 ‘Amazing’ efforts of community workers praised by hirsute Harry
yesterday 19:05 Minneapolis officer arrested following death of black man in custody
yesterday 19:05 Rashford dazzles and Broad remembers Patel fall – what sport stars did on Friday
yesterday 19:05 Scottish Premiership teams set sights on an early August kick-off
yesterday 19:05 FIFA sees a different game until Covid-19 vaccine is developed
yesterday 19:05 No new coronavirus deaths in Oxfordshire all week
yesterday 19:05 ‘Amazing’ efforts of community workers praised by hirsute Harry
Latest news from Great Britain
today 22:56 Coronavirus: Touching moment terminally ill mum sees her family for first time since lockdown Angela McLaughlin's family were able to hold a socially distant meet-up at an Edinburgh hospice for the first time in nine weeks.
today 22:56 Robbie Williams reunites with Take That for virtual concert during lockdown Williams joins Gary Barlow, Mark Owen and Howard Donald as they each perform from their own homes due to the coronavirus lockdown.
today 22:56 Police take no action over Covid-19 death of railway worker Belly Mujinga
today 22:56 Music intro quiz questions and answers: 15 questions for your home pub quiz
today 22:56 Brighton chief urges Premier League rethink towards EFL clubs after coronavirus pandemic
today 22:56 Coronavirus cure: 'Worst of both worlds' - How economy must be restored to solve crisis
today 22:56 BBC Weather: Europe set for weekend scorcher with temperatures hotter than Brazil
today 22:56 Dead 40ft whale washes up on Clacton-on-Sea beach in Essex
today 22:56 Princess Beatrice snub: No tribute from sister Princess Eugenie on difficult day
today 22:56 Hurricane tracker: Caribbean stuck between TWO storms - Latest path, maps and charts
today 22:56 Arthritis treatment: Take this herbal supplement to alleviate joint pain within seven days
today 22:56 Monty Don health: ‘I think I’m dying’ - Gardeners' World star explains deadly symptoms
today 22:56 Emily Maitlis and TV stars will be policed online by BBC to make sure they stay impartial
today 22:56 FITTING TRIBUTE! 7,000 emergency service and coronavirus heroes honoured with memorial
today 22:11 Britain may offer "path to citizenship" for nearly 3 million in Hong Kong
today 22:08 Police recover five severed human fingertips from Humber Bridge
today 22:08 Police recover five severed human fingertips from Humber Bridge
today 22:08 City centre ban for Mr Spud after council say van has 'adverse effect' on area
today 22:08 City centre ban for Mr Spud after council say van has 'adverse effect' on area
yesterday 21:53 Angler who died at Kent castle may have had confrontation with teenage 'poachers' Police are appealing for witnesses and say the victim may have been in an altercation with two boys or teenagers.
yesterday 21:53 What do the new furlough rules mean for workers and businesses?
yesterday 21:53 China finally admits coronavirus did NOT breakout from Wuhan wet market
yesterday 21:53 China chaos: Xi Jinping lashing out to provoke global response for terrifying reason
yesterday 21:53 Brexit plot set for 'humiliating' defeat as Remainers fail to extend transition - poll
yesterday 21:53 Perry Mason release date, cast, trailer, plot: When is Perry Mason out?
yesterday 21:53 Prince Harry video: Duke shows THIS classic lockdown symptom in video call with volunteers
yesterday 21:53 ‘EU desperate for extension’: Brussels plot to ‘trap’ UK…but Britain not listening
yesterday 21:53 Janet Street-Porter clashes with Ian Hislop in heated Cummings row: 'Getting us nowhere'
yesterday 21:53 'That's what caused Brexit!' Anger at deluded Verhofstadt's EU exit rant
yesterday 21:53 Prince Charles opens up to reveal true character in candid and emotional interview
yesterday 21:53 Princess Charlotte row: How young Princess could become centre of royal feud with Boris
yesterday 21:53 China FURY: Beijing erupts at USA and UK scrutiny as Trump savaged for ‘brutality at home’
yesterday 21:05 What Chancellor Rishi Sunak said about Hull's economic future
yesterday 21:05 What Chancellor Rishi Sunak said about Hull's economic future
yesterday 20:53 Nicola Sturgeon warns Scots 'not to take us back to square one' by flouting lockdown rules
yesterday 20:53 Fire crews race to Ayr street as blaze rips through garage sending huge plumes of smoke into sky
yesterday 20:53 Prisoner pleads guilty to threatening to kill female MP and sending vile letters to Boris Johnson
yesterday 20:53 Michael Gove's Twitter account 'likes' graphic porn image before deleting it
yesterday 20:53 'Nae rumpy pumpy' Janey Godley has fans in stitches with hilarious Nicola Sturgeon voice over clip
yesterday 20:50 Coronavirus: Ted Baker to unveil £80m share sale plan Troubled Ted Baker will launch a placing and open offer to raise its entire market value early next week, Sky News learns.
yesterday 20:50 Lady Gaga health: Star’s condition sends her 'nervous system into overdrive' - symptoms
yesterday 20:50 Monty Don wife: Who is the Gardeners' World presenter's wife?
yesterday 20:50 Adam Frost wife: Is Gardeners' World host married?
yesterday 20:50 EU divided: France, Germany and Italy clash over relaxing COVID-19 measures in new poll
yesterday 20:50 Call of Duty Warzone Duos update arrives in Modern Warfare on PS4 and Xbox One
yesterday 20:50 Queen's staff make HUGE announcement on royal palaces
yesterday 20:50 International Space Station speed: How fast does the ISS travel?
yesterday 20:50 Prince Philip diet: One food the Duke favours above all else
yesterday 20:50 Mexico holidays: Cancun offering holidaymakers free hotels and meals as country reopens
yesterday 20:50 Meghan Markle and Harry warning: Sussexes told 'dynamite' new book could deepen royal rift
Watch the news from UK on Facebook