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The loans, worth Koruna 255m and Koruna 120m, will be provided by Czech bank Česká Spořitelna and are 80% backed by government-owned credit provider EGAP through its Covid Plus loan scheme.
RegioJet says the loan will support further development and expansion in Central Europe, including investment in its fleet, innovation and the digitalisation of operations and services.
“Covid Plus is a guarantee designed especially for large exporters to combat the consequences of the pandemic,” says EGAP spokesman, Mr Jan Černý. “Thanks to this, RegioJet is gaining faster access to credit financing in times of crisis.”
RegioJet says the loans are the only support it has received during the pandemic, with no other targeted assistance schemes provided for passenger operators in the Czech Republic. The operator previously joined calls from Czech Railways (ČD) and Leo Express for the government to waive access fees during the national lockdown, in line with new EU regulations.
The funding comes as RegioJet prepares to resume its full timetable from December 13, with tickets for journeys over the Christmas and New Year period already on sale.
The post RegioJet secures $US 16.9m government-backed loans appeared first on International Railway Journal.
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