The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Britain continuing talks over support for airlines - pilots union

Wed, 25th Mar 2020 10:49

LONDON, March 25 (Reuters) - Britain is continuing talks
with the aviation industry about how best to support the sector
and reports that the government will not provide financial
backing for airlines are misleading, the British Airline Pilots
Association (BALPA) said on Wednesday.

A person familiar with the situation said on Tuesday that
Britain had told airlines that state investment to help them
survive the coronavirus crisis will only be considered once they
have looked at the possibility of raising capital from existing
investors.

BALPA said that discussions about unique measures for
individual airlines were ongoing and called on the government to
protect jobs in the sector.

"It is unhelpful that correspondence is leaked out of the
context of discussions. It gives rise to the erroneous
conclusion that there is no chance of any government help for UK
airlines. I've said before that there is no 'one size fits all'
solution," BALPA General Secretary Brian Strutton said.

"The government will be looking at areas such as the
airline's financial state, whether it could raise the cash in
other ways, or if it's crucial to the UK transport system. These
deliberations still are ongoing so we should await the
outcomes."

(Reporting by Alistair Smout; editing by Kate Holton)

Related Shares

More News
27 May 2024 07:06

easyJet, eyeing record summer, boosts nerve centre with AI

(Alliance News) - A cutting-edge facility featuring artificial intelligence – easyJet PLC's new control centre is tasked with handling about 2,000 m...

23 May 2024 09:46

Wizz Air returns to profit, sees robust year for travel

Company expects 500-600 mln euros FY25 net profit *

20 May 2024 17:00

Miners lift London stocks as gold, copper hit record highs

FTSE 100 up 0.1%; FTSE 250 adds 0.6% *

20 May 2024 11:59

Ryanair boss says 'recessionary feel' may be limiting air ticket price rises

Ryanair annual profit hits record 1.92 billion euros *

17 May 2024 09:06

LONDON BROKER RATINGS: Jefferies says buy Tritax Big Box post merger

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.