Background information

Enter Air signed an agreement with the Polish Development Fund (PFR) under which it is to receive a liquidity loan from the Financial Shield 2.0 (for large companies) in the amount of PLN 287 million (about €60 million). As the official communication reveals: "The agreement contains standard provisions used for agreements of similar size, including - among other provisions - collateral on the company's assets".

Enter Air is the largest Polish private airline, in operation for ten years, and one of the largest charter airlines in Europe in terms of fleet. Enter Air's fleet consists of 22 Boeing 737-800s and two Boeing 737 MAX8s.

Content of measure

Apart from the statement of the company that "The agreement contains standard provisions used for agreements of similar size, including - among other provisions - collateral on the company's assets" no further details were communicated either by the Enter Air or PFR. Under the Financial Shield for large companies standard provisions for liquidity loans determine that the loan can be used only for such purposes as:

• payment of wages and salaries;
• trade payables, including the purchase of goods and materials or payment of other operating expenses used to produce a product or service;
• public and legal obligations;
• other purposes related to the financing of day-to-day operations (as set out in the Programme Financing Documents).

Liquidity financing shall take the form of an interest-bearing and non-matured loan with a term of up to 6 years.

Use of measure

The loan has been granted.

Contents

• Employment retention
• Income protection

Target groups

Workers	Businesses	Citizens
Does not apply to workers	Larger corporations	Does not apply to citizens

Actors and funding

Actors	Funding
National government	National funds

Social partners

Social partners' role in designing the measure and form of involvement:

	Trade unions	Employers' organisations
Role	No involvement	No involvement
Form	Not applicable	Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

• No involvement
• Main level of involvement: Company level

Involvement

No engagement of social partners known.

Views and reactions

No views of social partners registered.

Sectors and occupations

This case is not occupation-specific.

Sources

• 09 February 2021: Enter Air signs a loan agreement with PFR for PLN 287 million(Enter Air podpisał z PFR umowę pożyczki na 287 mln zł) (www.bankier.pl)
• 10 February 2021: Enter Air to receive PLN 287 loan from PFR (Enter Air otrzyma 287 mln zł pożyczki z PFR) BIZNES I PRZEMYSŁ Enter Air otrzyma 287 mln zł pożyczki z PFR (www.rynek-lotniczy.pl)