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Monday, August 10, 2020

Havlíček wants guarantees for all transport companies. Including Smartwings

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“Transport companies would receive the same support as companies that draw on Covid plus. These are companies with more than 250 employees that can apply for guarantees in the amount of five million to 2 billion crowns, “said Havlíček on Monday when he joined the government. They could apply through commercial banks.

The Minister thus agrees with what the Economic Committee of the Chamber of Deputies stated last week. He asked for support for all transport companies, not just Smartwings.

“We are following the recommendations of the Economic Committee and its subcommittee. We want to compare the environment so that transport companies have the same opportunities as other companies, “said Havlíček.

So far, transport companies have not been able to apply. “Perhaps this has long since resolved everything to do with Smartwings,” the deputy prime minister said. He also denied that the conditions were tailor-made for Smartwings.

Warranties up to 900 million

According to Havlíček’s earlier statements, the state negotiated a guarantee with the airline Smartwings for 500 to 900 million crowns for loans. The condition in such a case would be to rename the company to CSA and retain 2,500 employees.

However, if Smartwings were to receive support under this program, they would not have to meet these conditions. “If transport companies, such as Smartwings, draw on standard programs, we cannot have any different conditions for them than for other companies,” the deputy prime minister said.

Havlíček has the material ready, but he does not yet know whether the government will discuss it at Monday’s government meeting.

Covid plus
Drawing in the COVID Plus program is focused on companies with more than 250 employees and at least a fifth share of exports in last year’s sales, including production supplies for another exporter. Through commercial banks, they can apply for loans from five million to two billion crowns, the maximum loan amount corresponds to 25 percent of the company’s annual turnover. The Export Guarantee and Insurance Company (EGAP) guarantees 80 percent of the principal. Companies that had existential problems before the declaration of a state of emergency on March 12 are not eligible for a loan from the COVID Plus program. So far, even companies whose main economic activity consists of transport, accommodation, tourism and gambling cannot obtain it.

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