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Greece offers 115m euros support package to air carriers

Christian Fernsby ▼ | May 29, 2020
Greece announced on Thursday a 115 million euros relief package to support the country’s air transport sector, which suffered a blow due to the coronavirus outbreak.
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The relief measures include a VAT reduction to transport fares from 24% to 13% from June 1 until October 31.The cost of the measure is estimated at 30 million euros.

Topics: Greece

Personal income of pilots, cabin crews and technical staff will be taxed 15% on a permanent basis. The measure will lead to annual savings of 7.7 million euros for the air carriers, Finance, Labour and Transport Ministries said in a joint statement.

Finally, the state will pay airlines an additional 20 euros plus VAT for every seat to routes that are partly subsidized by the state for April and May. Airlines will benefit some 6 million euros from the measure, the Ministries said.