EasyJet secures £600m coronavirus loan from UK Treasury and Bank

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EasyJet secures £600m coronavirus loan from UK Treasury and Bank
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Airline also plans to borrow £400m from creditors to ensure liquidity during shutdown

EasyJet has secured a £600m loan from the Treasury and Bank of England’s emergency coronavirus fund, after the airline’s founder and biggest shareholder, Sir Stelios Haji-Ioannou, claimed it would run out of cash by August.

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