UK airlines seek government aid, WeWork rent, renewable energy defies market turmoil
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 11 May 2020
⏱️ 9 minutes
🧾️ Download transcript
Summary
UK airlines demanded “urgent additional government support” on Sunday warning that Boris Johnson’s plans to introduce a 14-day quarantine for people arriving in the UK by air will exacerbate the crisis facing the sector. Plus, US businesses resuming operations after coronavirus lockdowns are confronting uncertain legal terrain over whether they are required to pay workers for time spent on health checks, and WeWork’s move to skip rent payments and renegotiate hundreds of its leases is rippling into the commercial mortgage market. Then, renewable energy is one of the few sectors that has managed to weather the devastating effects of coronavirus, with new deals and new records being struck, even while the rest of the world has been grappling with the pandemic. The FT’s environment and clean energy correspondent, Leslie Hook, explains.
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Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Monday, May 11th, and this is your FT news briefing. |
| 0:08.8 | Boris Johnson dropped his stay-at-home message on Sunday Sunday asking the British public to |
| 0:13.0 | stay alert as he laid out a plan to gradually reopen the UK economy. |
| 0:17.4 | But one aspect of his plan has prompted airlines to demand urgent |
| 0:21.9 | government support. |
| 0:24.0 | Meanwhile in the US, businesses are in delicate legal territory |
| 0:27.5 | over whether to pay staff for health checks on the job. |
| 0:30.8 | And rent woes that we work are rippling into the commercial mortgage market. |
| 0:35.0 | Plus we'll look at how renewable energy projects such as wind and solar |
| 0:40.0 | are defined turmoil in the wider energy market. |
| 0:44.0 | Mark Filipino is off today. |
| 0:46.0 | I'm Amy Keene and will soon be the time with transmission significantly |
| 1:06.7 | lower to impose quarantine on people coming into this country by air. |
| 1:12.2 | Last night Boris Johnson set out a series of changes to the coronavirus restrictions in the UK, |
| 1:18.0 | one being a 14-day quarantine for passengers arriving in the UK by air. |
| 1:22.8 | The move has exacerbated fears in the industry that the lockdown, |
| 1:26.4 | along with already limited demand for air travel, |
| 1:29.2 | could threaten the future of many companies in aviation. |
| 1:32.3 | Most of the world's passenger aircraft |
| 1:34.1 | have been grounded since lockdowns took hold in March and now aerospace companies |
| 1:38.8 | are braced for a wave of job losses as production is cut across the sector. |
| 1:44.0 | On the carrier side, airlines in the UK are asking for a break on certain taxes in fees. |
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