On the very last day it was able to do so, the Swedish National Debt Office provided a state guarantee for a loan of up to SEK200 million kronor (USD24.5 million) to BRA - Braathens Regional Airlines (TF, Stockholm Bromma).

The loan guarantee was granted to BRA and its technical subsidiary BRA - Braathens Regional Airways (BRX, Trollhättan) on December 31 under a government-mandated programme intended to mitigate the economic impact airlines have faced with the coronavirus pandemic. No further guarantees under the scheme could be given beyond that date.

The guarantee covers 90% of the principal of the loan, which will run for five years. It is the second to be approved under the scheme, the first having been for SAS Scandinavian Airlines (SK, Copenhagen Kastrup), a loan that has subsequently been repaid, according to the debt office.

The credit guarantees under the programme had been intended to amount to up to SEK5 billion (USD613 million) in total, of which a maximum of SEK1.5 billion (USD190 million) had been intended...