UK airlines and airports told not to expect industry-wide bailout
by Gwyn Topham Transport correspondent from on (#515VT)
Treasury warned that British air hubs may close without urgent Covid-19 rescue deal
British airlines and airports have been told they will not receive an industry-wide bailout, despite an initial pledge of support from the chancellor last week.
The news emerged as the International Air Transport Association (Iata) called for urgent government assistance and warned that airlines would lose $252bn (215bn) in revenues in 2020 - more than double its "worst case" forecast two weeks ago.
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