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Gatwick Airport urges UK to ease travel rules as seeks reprieve from banks

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Gatwick Airport urges UK to ease travel rules as seeks reprieve from banks

A passenger arrives at Gatwick Airport, as travel restrictions are eased following the coronavirus disease (COVID-19) outbreak, in Gatwick, Britain July 10, 2020. REUTERS/Toby Melville/File Photo

LONDON/PARIS, Aug 13 (Reuters) – Britain’s Gatwick Airport entreated the executive to manufacture global travel easier after lockdown restrictions drove it to a first-half of loss of 245 million kilos ($338 million) and compelled it to ask its banks for a instant-time interval reprieve.

Early Newspaper

Strict COVID-19 rules throughout the six months to June 30 intended passenger numbers at Gatwick, basically Britain’s 2d busiest airport, plunged 97% from pre-pandemic phases.

The airport, whose majority proprietor is France’s Vinci (SGEF.PA) alongside minority holder financial investor Global Infrastructure Companions, mentioned it was in talks with its banks over a instant-time interval waiver of its borrowing terms due to the excellent conditions affecting air travel.

Bigger rival Heathrow mentioned in July it had also sought a waiver of a debt covenant. learn more

Britain has been slower to reopen travel than the rest of Europe in spite of its fast vaccination programme, prompting heavy criticism from airports as effectively as airways treasure British Airways (ICAG.L) and easyJet (EZJ.L).

Since July, the executive has relaxed some rules but costly COVID-19 checks for many destinations remain in order, and last minute rule changes grasp deterred travel.

Gatwick mentioned Britain was falling in the again of its European neighbours, with travel bookings at 16% of their pre-pandemic phases, whereas France and Germany had risen to about 50%.

“Our executive desires to act now and snatch pointless and costly PCR checking out requirements for passengers, notably for those double vaccinated,” Gatwick chief govt Stewart Wingate mentioned in a press release on Friday.

Gatwick, which last yr axed workers and reduce prices to assist it live to sing the tale, mentioned it expected passenger numbers to salvage better in the 2d half of of the yr.

($1 = 0.7248 kilos)

Reporting by Sudip Kar-Gupta and Sarah Young
Enhancing by Jason Neely and Trace Potter

Our Standards: The Thomson Reuters Belief Principles.

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Gatwick Airport urges UK to ease travel rules as seeks reprieve from banks – Reuters