June, 2020

• 4 June

  The Brexit regulatory bonfire begins… in EU

  One of the biggest ironies of the Brexit crusade against “suffocating” red tape from the European Union was that the UK was at the forefront of some of the bloc’s most onerous financial regulation after the 2008 crisis. That included a crackdown on opaquely-funded investment research — rolled out across the EU in 2018 as part of the MiFID II ...

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• 4 June

  China to ease ban on foreign airlines after US retaliates

  

  Bloomberg China will ease its ban on foreign airlines starting from June 8, changing course a day after the Trump administration demanded the country reopen to US airlines or face curbs on its own carriers flying passengers to America. Foreign airlines excluded from an earlier pact will be able to operate one commercial passenger flight to China a week, the ...

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• 4 June

  Delta to block middle seats through Sept 30

  

  Bloomberg Delta Air Lines Inc will block middle seats on all its aircraft through September 30, extending the policy for three months to soothe passenger fears about contracting the coronavirus. The carrier will switch to larger planes or add flights on high-demand routes that approach seating limits, Delta said in a statement. The Atlanta-based carrier previously guaranteed empty middle seats ...

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• 4 June

  Coronavirus: UK warns British Airways over aggressive job cuts

  

  Bloomberg The UK government warned British Airways (BA) it risks losing valuable airport landing slots after deciding to let go 12,000 staff while claiming government money to protect jobs during the coronavirus pandemic. An aviation debate in parliament was dominated by concerns about the former flag-carrier’s plans to slash its workforce. Transport Minister Kelly Tolhurst, responding to questions from lawmakers, ...

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• 4 June

  Amazon dives into weak aircraft market

  Bloomberg Amazon.com Inc is expanding its air cargo operations with plans to grow its fleet to more than 80 planes as the online retailer takes advantage of a depressed market for aircraft during the pandemic. The company announced that it had leased 12 converted Boeing 767-300 passenger planes from Air Transport Services Group Inc. One was added to Amazon’s existing ...

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• 4 June

  Spain requests probe into all cancelled airline trips

  Bloomberg The Spanish government has found that airlines aren’t complying with European Union rules for reimbursements over cancelled trips, according country’s Consumer Ministr Alberto Garzon. “Airlines aren’t giving travelers the chance to request reimbursements,” Garzon said in an interview with state-tv TVE. Government has made a legal request for a “court to investigate the situation,” he said, adding that he ...

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• 4 June

  Rolls-Royce plans 3,000 UK job cuts as aviation contracts

  

  Bloomberg Rolls-Royce Holdings Plc plans to eliminate 3,000 jobs in the UK this year, the first wave of cuts that could ultimately see the jet-engine maker emerge from the downturn a much smaller business. The London-based manufacturer said it expects to trim a total of 8,000 positions from the aviation division. This would make up the bulk of the 9,000 ...

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• 4 June

  Ex-defense chief Mattis rips into Trump for dividing US

  

  Bloomberg Ex-defense secretary Jim Mattis condemned his former boss, President Donald Trump, over his aggressive rhetoric and strategy to quell protests that erupted after the death of an unarmed black man in police custody. “Donald Trump is the first president in my lifetime who does not try to unite the American people — does not even pretend to try. Instead, ...

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• 4 June

  Storm Cristobal makes landfall on Mexico Gulf coast

  

  Bloomberg Tropical Storm Cristobal brought heavy rain to southern Mexico, and with a forecast that has it re-entering the Gulf of Mexico on Friday, oil-platform workers are already being evacuated. The storm, carrying winds as high as 40 miles (64 kilometres) per hour, will dump more “extreme rainfall” on far southern Mexico, extending to Guatemala and El Salvador, according to ...

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• 4 June

  China can’t take US’s security role in Southeast Asia: Lee

  

  Bloomberg The US security presence “remains vital to the Asia-Pacific region,” and China would be unable to take over that role in Southeast Asia even with its increasing military might, Singapore Prime Minister Lee Hsien Loong said. In an article published by Foreign Affairs on Thursday, Lee wrote that China’s competing maritime and territorial claims in the South China Sea ...

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