Walsall Council to loan Birmingham Airport nearly £ 5million
It comes after Birmingham City Council – which, along with six other boards, is a shareholder in airport holding company BAHL – agreed to provide a £ 18.5million loan to the airport as a result of the [the airport’s] the story”.
Passenger volumes from April to December fell 91%, according to a statement released by the airport.
Solihull’s council has also agreed to a loan of up to £ 3.7million, while Walsall’s board will provide up to £ 4.9million and other advice remains more low-key.
Sandwell and Wolverhampton’s advice confirmed they will not be making loans, while Dudley’s advice declined to comment.
Coventry City Council said it was “committed to helping the airport” but would not confirm at this stage whether a loan was planned.
Coventry City Councilor Councilor George Duggins said: ‘Despite the Covid-19 pandemic, Birmingham International Airport remains one of the most important economic engines in our region and will play a crucial role in the recovery of our region.
“It employs around 7,000 people, supports over 25,000 associated jobs and represents around £ 1.5 billion to our economy, bringing many benefits to residents and businesses of Coventry.
“But like the aviation industry as a whole, the global coronavirus pandemic has hit the business hard and it is naturally facing difficult and unprecedented times.
“As one of the airport’s seven shareholders, who have brought us significant financial dividends to support our services in recent years, we are committed to helping the airport ensure it is ready to bounce back quickly. and strongly when travel restrictions are finally lifted. and life returns to a kind of normalcy.
“However, if such support was needed, it would go through the council’s political process in the normal way.”