Page 14 - Mark Manduca News Today : Breaking News, Live Updates & Top Stories | Vimarsana

HEALTH-CORONAVIRUS/AIRLINES-RISKS (PIX):Airlines face more turbulence before vaccine relief

Dec 21 2020, 5:32 PM December 21 2020, 4:10 AM December 21 2020, 5:32 PM (Bloomberg) -- (Bloomberg) -- A brutal ending is taking shape for what’s already been a lost year for Europe’s travel industry, as Covid-19 administers a final kick to airlines and rail firms, innkeepers and travelers alike. A mutant strain of the coronavirus spreading rapidly in the U.K. led Prime Minister Boris Johnson to clamp down on holiday visits at home and abroad over the weekend. Airlines shares tumbled as Italy, the Netherlands and Belgium closed their borders to the former European Union state, wit...

Updated / Monday, 21 Dec 2020 07:51 Concerns continue about the Brexit impact on airlines, including IAG's Aer Lingus Spain, Ireland and Hungary have tried and failed to loosen EU airline ownership rules in a draft aviation deal with the UK, sources said, out of concern about Brexit's impact on IAG, Ryanair and Wizz Air.  France and Germany are said to have rejected a softening of longstanding rules that require EU airlines to be owned and controlled by EU nationals or else lose their licences.  While the ownership issue poses no immediate threat to flights, it brings a longer-term challen...

Travel Pain Spreads as Europe Blocks U.K. Flights on Virus Fears Bloomberg 12/21/2020 (Bloomberg) -- A brutal ending is taking shape for what’s already been a lost year for Europe’s travel industry, as Covid-19 administers a final kick to airlines and rail firms, innkeepers and travelers alike. A mutant strain of the coronavirus spreading rapidly in the U.K. led Prime Minister Boris Johnson to clamp down on holiday visits at home and abroad over the weekend. Airlines shares tumbled as Italy, the Netherlands and Belgium closed their borders to the former European Union state, with other...

* France, Germany opposed easing rules -sources * Compliance efforts may be open to challenge PARIS/BRUSSELS, Dec 18 (Reuters) - Spain, Ireland and Hungary have tried and failed to loosen EU airline ownership rules in a draft aviation deal with the UK, two people with knowledge of the matter said, out of concern about Brexit’s impact on British Airways owner IAG, Ryanair and Wizz Air. France and Germany are said to have rejected a softening of longstanding rules that require EU airlines to be owned and controlled by EU nationals or else lose their licences. While the ownership issue poses n...