Alstom set for green light for €6bn Bombardier rail deal July 27, 2020 French giant Alstom is set to get approval from the EU’s competition watchdog to buy Bombadier’s rail business, paving the way for the creation of the world’s second largest rail firm. Reuters reported that regulators were set to give the deal the go-ahead after Alstom made a number of concessions due to antitrust fears. In [...]
Foreign Office warns against all but essential travel to Spanish isles July 27, 2020 The Foreign Office is now warning against all but essential travel to the Balearic and Canary Islands after a surge in coronavirus infections in Spain. Travellers returning from the islands to the UK will have to quarantine for 14 days, the FCO confirmed via tweet this evening. “Travel advice for Spain has been further updated. [...]
Jet2 cancels Spain flights after UK implements travel quarantine July 27, 2020 Budget airline Jet2 said it was cancelling flights from the UK to popular holiday destinations in Spain as a result of the government’s decision to reimpose mandatory quarantine measures on travellers from the country. The carrier tweeted a statement, saying: “Following the latest government advice regarding travel to mainland Spain from the UK, we have [...]
Ryanair and Easyjet to continue flying to Spain despite quarantine July 27, 2020 Neither Ryanair or Easyjet will cut their number of flights to Spain despite the government reimposing mandatory quarantine measures on people travelling from the country, the low-cost carriers confirmed today. In a statement, the latter said: “We plan to operate our full schedule in the coming days. “Customers who no longer wish to travel can [...]
IATA calls UK’s Spain travel quarantine a ‘big setback’ to recovery July 27, 2020 Global aviation body the International Air Transport Association (IATA) has criticised the UK’s decision to reimpose a mandatory quarantine on travellers from Spain, saying the decision falls “short of the mark”. Yesterday ministers took a snap decision to reinstate the 14-day self-isolation rules for the Iberian country due to a surge in new coronavirus cases. [...]
FTSE airline stocks slump over UK’s Spain travel quarantine July 27, 2020 Airline stocks slumped on the FTSE 100 today in the aftermath of Britain’s move to reimpose a travel quarantine on Spain. The government scrapped a travel corridor between the UK and Spain over the weekend, after the country recorded 900 new Covid-19 cases for two days running last week. Airlines blasted the government’s decision, which [...]
Ryanair sinks to £168m loss in coronavirus-hit quarter July 27, 2020 Ryanair reported a narrower than expected loss in its fiscal first quarter on Monday and said it was impossible to say whether it might turn an annual profit due to the impact of the COVID-19 pandemic. The Irish airline posted an after-tax loss of €185m (£168.64m) for the three months to 30 June, its first-ever [...]
Dominic Raab defends decision to scrap Spain travel corridor July 26, 2020 Dominic Raab has defended the government’s decision to scrap its travel corridor with Spain at short notice, saying that “we took the decision as swiftly as we could”. The Department for Transport announced yesterday that all travellers coming back from Spain to the UK from today would have to quarantine for 14 days. Spain recorded [...]
BA owner IAG mulls €2.75bn raise by ‘end of summer’ July 24, 2020 British Airways owner IAG is mulling for a share issue worth up to £2.75bn (£2.4bn) at the end of the summer. The plans to raise equity come as the airline group takes steps to shore up its finances in light of the coronavirus pandemic, which has battered the global aviation sector. In a regulatory notice [...]
Government adds five countries to travel corridors list Portugal snubbed July 24, 2020 The government has added five new countries to its list of countries people from England can travel without needing to quarantine on return, but has left Portugal off. It had been widely expected that the Iberian nation would be added to the “travel corridor” list, having been snubbed when the initial list was released three [...]