European airlines demanded urgent tax relief to avoid multiple bankruptcies as c...
LONDON/PARIS - European airlines demanded urgent tax relief to avoid multiple bankruptcies as coronavirus disruption continued its spread across the global industry on Tuesday.
As the region’s transport ministers prepared to discuss financial support, the Airlines for Europe group called for widespread tax deferrals “to ensure that as many airlines as possible survive” the crisis. The sector’s appeals are becoming more strident as airlines continue to ground planes, drop routes and cut jobs in response to unprecedented travel restrictions to limit the spread of the virus, including the closure of EU borders.
“We are extremely disappointed that a company like BA, with a strong balance sheet and cash reserves, has rushed into redundancy consultation,” said Brian Sutton, the head of pilots’ union BALPA.
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