FINANCE

The United States will ease travel bans on the EU and the UK for vaccinated passengers


Coronavirus epidemic update

Vaccinated passengers will be able to travel from the European Union and the United Kingdom to the United States from November, the Bridal administration will announce on Monday, a major diplomatic victory for Brussels and London.

The White House will announce a new travel policy on Monday morning, ending Joe Biden at the start of the Covid-1 pandemic epidemic, ending an 18-month blanket ban on travel by former U.S. President Donald Trump.

Three people familiar with the policy told the Financial Times that Monday’s announcement would mean that fully vaccinated passengers would be able to travel once the ban was lifted within a week. Those involved in clinical trials of vaccines that are not yet approved in the UK will also be allowed to enter the US, a policy that will apply to approximately 1,000,000 people.

One person added that the policy is part of a larger framework that the Biden administration is developing to cover all international travel, designed to replace the patchwork system of bans and restrictions that apply in different parts of the world.

Under current policy, only U.S. citizens, their immediate families, green card holders, and those who have been exempted in the national interest can return to the United States within 14 days if they are in the United States or the EU.

The change of direction in the White House came at the beginning of the UN General Assembly in New York, and ended weeks of intense diplomacy between Washington, London and Brussels.

Shares of IAG, the owner of British Airways, jumped more than 10 per cent to sell at 165.3p in London on Monday afternoon, as investors were happy with the prospect of a return to transatlantic travel.

Neil Wilson, chief market analyst at Markets.com, said: “The BA-owner is a clear winner from IAG because its transatlantic business has been in turmoil since US policy grounded its jets.”

Other airline stocks, including low-cost carrier EasyJet, rose 3.4 percent in London. Shares of Air France traded up 7.7 percent in Paris, while Deutsche Lufthansa rose 5.3 percent.

Despite the more positive outlook for the airlines, Wilson warned that there are still “many precautions and reasons to be cautious” due to the remaining uncertainties, such as whether a vaccine would be acceptable and whether children need to have a passport for the vaccine.

Additional reports by Sylvia Fifa and Matthew Rocco



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