The loan is 100% guaranteed by the Romanian State, including interest rates and related fees. The loan has a maturity of six years and a grace period of 12 months.
End-September 2020, Blue Air called on the Finance Ministry to urgently complete the draft government decision establishing the terms and conditions for granting a EUR300 million state aid to the airline to cover its losses and avoid bankruptcy.
The Romanian government agreed in April 2020 to grant a six-year rescue loan of EUR300 million to Blue Air to compensate for loss of revenue while its regular flights were suspended due to the pandemic. In August 2020, the government passed an emergency decree approving the framework for the rescue loan.