Last modified on Wed 12 May 2021 00.12 EDT
Major US airlines have weighed in alongside UK carriers to urge the reopening of transatlantic travel, calling on governments in Washington and London to arrange a summit as soon as possible.
The airlines said safely reopening borders was essential for economic recovery and asked the nations’ leaders to meet before the G7, and take a decision with sufficient time for airlines to plan and restart services.
In a letter to transport secretaries of state in the US and UK, the chief executives of American, Delta, United and Jet Blue, along with those of British Airways and Virgin Atlantic, said vaccination levels in each country meant the lucrative routes, flown by 22 million passengers in 2019, could be safely reopened.
Top UK Stocks to Watch: THG shares pop on SoftBank deal and $1 billion fundraise
Joshua Warner May 11, 2021 9:01 AM
THG shares soar as it secures the backing of SoftBank, Morrisons hails the ‘renaissance of the supermarket’, the UK government reduces its stake in NatWest, IAG raises more debt to survive the pandemic, and Helios Towers enters the Middle East with a $575 million deal. Share:
Top News: THG raises $1 billion to fund acquisitions
THG, also known as The Hut Group, has raised over $1 billion by issuing new shares in the business in order to bolster its cash as it hunts for more businesses to acquire this year after unveiling a major new partnership with Japanese giant SoftBank yesterday.
British government figures indicate that the UK trade with the Middle East amounts to $57.2 billion annually, with the Gulf region accounting for $50.8 billion. The two regions are experiencing a time of advantageous trade opportunities and a period of rapid growth and diversification.
With so many opportunities for bilateral trade and investment, the upcoming virtual GCC-UK Trade Summit, organized by Add Enterprise International, will bring together commercial opportunities, experts, live projects, and potential suppliers to explore and encourage trade and investment over the next decade. The event, on June 29, will include the participation of more than 40 speakers and 400 attendees.
The GCC-UK Trade Summit aims to facilitate foreign direct investment, business, and trade between the GCC and the UK, providing a platform for businesses to expand into new markets and build networks. It will present some of the most prominent projects currently underway in the GCC, providing updates
Aer Lingus owner IAG posts €1 14 billion Q1 loss rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.