Advertisements
16.7 C
London
Saturday, July 4, 2020

No specific coronavirus bailout for aviation industry

Must read

Five released from Turkish jail ahead of trial in Carlos Ghosn flight case

A Turkish court has released four pilots and a private airline official from jail, pending the outcome of their trial on charges of smuggling...

Donald Trump promises fireworks at Mount Rushmore in election year

President Donald Trump will begin his Independence Day weekend with a patriotic display of fireworks at Mount Rushmore before a crowd of thousands. But even...

Mediterranean countries risk becoming ‘melting pots’ for coronavirus – expert

Mediterranean destinations which people may flock to after England scraps quarantine for arrivals from low-risk countries could become “melting pots” for coronavirus, an expert...

Man who crashed lorry in Justin Trudeau’s grounds had several weapons, police say

Canadian police said an armed man who this week crashed his lorry through a gate on the grounds where prime minister Justin Trudeau lives...

Chancellor Rishi Sunak has decided against creating a specific support package for the aviation industry, which is suffering from a collapse in demand due to coronavirus.

In a letter to airports and airlines, he said the Government is prepared to enter into negotiations with individual companies once they have “exhausted other options” such as raising cash from existing investors.

This has led to airports suffering from a major drop in revenue.

Karen Dee, chief executive of trade body the Airport Operators Association (AOA), said the aviation industry was “surprised” by Mr Sunak’s decision and will have to “fight on its own to protect its workforce and its future”.

She went on: “While countries across Europe have recognised the vital role airports play and are stepping into the breach, the UK Government’s decision to take a case-by-case approach with dozens of UK airports is simply not feasible to provide the support necessary in the coming days.

“Not only does the decision today leave airports struggling to provide critical services, it will hamper the UK recovery.”

The AOA wanted a support package that included measures such as relaxing regulations relating to mandatory training requirements, extending business rate relief to airports and deferring all aviation taxes for the duration of global flight restrictions.

Virgin Atlantic had urged the Government to offer carriers emergency credit facilities worth up to £7.5 billion, while the British Airline Pilots Association warned last week that aviation companies could begin “winding down” in the coming days without more support.

Advertisements

- Advertisement -

More articles

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -

Latest article

Five released from Turkish jail ahead of trial in Carlos Ghosn flight case

A Turkish court has released four pilots and a private airline official from jail, pending the outcome of their trial on charges of smuggling...

Donald Trump promises fireworks at Mount Rushmore in election year

President Donald Trump will begin his Independence Day weekend with a patriotic display of fireworks at Mount Rushmore before a crowd of thousands. But even...

Mediterranean countries risk becoming ‘melting pots’ for coronavirus – expert

Mediterranean destinations which people may flock to after England scraps quarantine for arrivals from low-risk countries could become “melting pots” for coronavirus, an expert...

Man who crashed lorry in Justin Trudeau’s grounds had several weapons, police say

Canadian police said an armed man who this week crashed his lorry through a gate on the grounds where prime minister Justin Trudeau lives...

Cyprus to welcome UK tourists with strings attached

Cyprus’ beleaguered tourism sector got some good news after the government announced that travellers from the UK will be allowed entry into the east...
%d bloggers like this: