Britain and U.S. sign aviation deal for post-Brexit flights

LONDON/WASHINGTON (Reuters) - Britain and the United States have signed a deal for the continuation of flights between the two countries as the UK prepares for the end of its transition period with the European Union.

Reuters November 18, 2020 00:06:51 IST
Britain and U.S. sign aviation deal for post-Brexit flights

Britain and US sign aviation deal for postBrexit flights

LONDON/WASHINGTON (Reuters) - Britain and the United States have signed a deal for the continuation of flights between the two countries as the UK prepares for the end of its transition period with the European Union.

The deal, called the Air Services Agreement, was reached in November 2018, and signed on Tuesday by UK transport minister Grant Shapps after being signed last week by U.S. Secretary of State Mike Pompeo and U.S. Transportation Secretary Elaine Chao.

"This agreement will establish the legal framework for passengers and cargo to keep flying between our two great nations," Pompeo said on Twitter.

Chao called the agreement "historic," adding that it is set to take effect Jan. 1.

Britain left the EU earlier this year but in practice remains covered by EU agreements and rules until the transition period finishes at the end of this year.

The newly signed agreement allows the two countries to continue existing operations as they did under the EU-U.S. open skies deal, although flying between them is currently at a very low level due to the coronavirus pandemic.

Before COVID-19 , tens of millions of passengers a year traveled between the countries, contributing to a trading relationship with the U.S. worth over 230 billion pounds ($300 billion), the UK's Department for Transport said in a statement.

British Airways, part of IAG, and Virgin Atlantic, two UK-based airlines that fly trans-Atlantic routes, have called on the two governments to work together to agree to a testing regime to allow travel to recover during the pandemic.

(Reporting by Sarah Young and David Shepardso in Washignton; editing by Michael Holden and Stephen Addison)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Global Markets: Stocks ascend to record on economic recovery, vaccine outlook
Business

Global Markets: Stocks ascend to record on economic recovery, vaccine outlook

By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global stocks hit a record and oil prices jumped on Monday as the newest positive data for a potential COVID-19 vaccine and signs of economic recovery in Asia boosted sentiment. U.S. stocks advanced, with the Dow Industrials setting a record as it neared the 30,000 mark for the first time, after pharma company Moderna said its prospective vaccine was 94.5% effective in preventing the illness, which has crushed economies across the globe

Airbnb IPO filing shows third-quarter earnings beating virus with cost cuts, new focus
Business

Airbnb IPO filing shows third-quarter earnings beating virus with cost cuts, new focus

By Anirban Sen and Joshua Franklin (Reuters) - Airbnb Inc's initial public offering (IPO) registration showed on Monday that the home rental startup turned a profit in the third quarter despite the COVID-19 pandemic, as it gears up for one of the most anticipated stock market debuts in recent years. The filing, published ahead of Airbnb's anticipated stock market debut in December, showed a dramatic recovery in its fortunes, after the coronavirus outbreak dragged down its core home rental business during the first half of the year. The slump forced it to lay off 25% of its workforce in May, suspend marketing activities for the year and seek $2 billion (£1.5 billion) emergency funding from investors, including Silver Lake and Sixth Street Partners, at a valuation of $18 billion

Biden says U.S., allies need to set global trade rules to counter China's influence
Business

Biden says U.S., allies need to set global trade rules to counter China's influence

By David Lawder WASHINGTON (Reuters) - U.S. President-elect Joe Biden said on Monday the United States needed to negotiate with allies to set global trading rules to counter China's growing influence but declined to say whether he would join a new China-backed Asian trade pact signed on Sunday.