The Government proposes a capital injection of SEK 3 150 million to Swedavia
The Government proposes a capital injection of SEK 3 150 million to Swedavia AB in the amending budget to be presented to the Riksdag today. This capital injection will enable the Government to guarantee a state aviation network with good accessibility throughout the country.
Air traffic at Swedavia’s airports was already declining in 2019, but it has been reduced to a minimum as a result of the comprehensive travel restrictions introduced following the outbreak of the COVID-19 pandemic. Swedavia’s revenue has essentially completely disappeared and the measures taken to reduce costs can only partly meet the company’s need for capital.
The Government considers that this capital injection is necessary to enable investments and maintenance. This is to guarantee for the long term a state aviation network with good interregional and international accessibility throughout the country that remains attractive and provides the flexibility required to deal with the uncertain situation in the aviation market following the COVID-19 pandemic.
The capital injection requires the approval of the European Commission.