Britain's airlines, airports, aviation manufacturers ask government for help again

© Reuters.

LONDON (Reuters) – Britain’s airlines, airports and aviation manufacturers pleaded for immediate financial support from the government and a longer-term recovery plan after COVID-19 stopped travel and new testing requirements dashed bounce-back hopes.

Three trade bodies said they wrote to British Prime Minister Boris Johnson on Wednesday to ask for a package of measures including temporarily suspending business rates and a tax on flying, extra loans for airlines and access to funds for the aerospace supply chain.

Help was needed to “protect companies from the threat to their survival” posed by the pandemic, and to prevent more jobs being put at risk, said Airlines UK, which represents British Airways, easyJet (LON:) and others, the Airport Operators Association and the UK aerospace trade body ADS.

Britain’s current lockdowns ban most international travel. Flight volumes in the UK are down 80% compared to 2019 and over 45,000 jobs have already been lost in the sector, with more threatened, the groups said.

New rules Britain introduced on Monday, which require a negative pre-departure test for travellers plus a period of quarantine on arrival, are a further blow they warned.

The government needs to plan to re-introduce some quarantine-free travel and a cheaper testing regime to aid the aviation recovery once vaccines are rolled out, they said.

“To achieve a strong overall economic recovery from this crisis the UK must sustain aviation and aerospace industries that connect us to global trading partners and provide vital jobs in every part of the country,” ADS Chief Executive Paul Everitt said in a statement.

READ  Airbus urges airlines to pressure Boeing over subsidy row

Britain’s government said on Saturday it would give financial aid to airports before the end of March.

The country’s aviation industry has repeatedly asked the government for help during the crisis but has to date primarily only benefited from support schemes available to all industries.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Please enter your comment!
Please enter your name here