Coronavirus pandemic update
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From November, vaccinated passengers will be able to travel from the European Union and the United Kingdom to the United States. The Biden administration will announce on Monday that this is a major diplomatic victory for Brussels and London.
The White House will announce a new travel policy on Monday morning, marking the 18-month comprehensive implementation of former U.S. President Donald Trump at the beginning of the Covid-19 pandemic maintained by Joe Biden The end of the travel ban.
Three people familiar with the policy told the Financial Times that Monday’s announcement would mean that once the ban is lifted within a few weeks, vaccinated passengers will be able to travel. Those participating in clinical trials of vaccines that have not yet been approved in the UK will also be allowed to enter the United States, and this policy will apply to approximately 40,000 people.
One person added that the policy is part of a broader framework that is being developed by the Biden administration to cover all international travel and is intended to replace the patchwork system of prohibitions and restrictions that apply to different parts of the world.
According to the current policy, only U.S. citizens, their immediate family members, green card holders, and people with national interest exemptions can travel to the United States if they have been to the United Kingdom or the European Union in the past 14 days.
The White House changed course at the beginning of the United Nations General Assembly in New York, marking the culmination of weeks of intense diplomacy between Washington, London and Brussels.
Shares of IAG, the owner of British Airways, rose by more than 10% on Monday afternoon and traded at 165.3p in London afternoon, as investors rejoiced in the prospect of returning to transatlantic travel.
Neil Wilson, chief market analyst at Markets.com, said: “British Airways’ owner IAG is clearly the winner because its transatlantic business has almost been blocked since its jets were grounded due to US policy.”
After the news, other airline stocks rose, including low-cost airline easyJet, which rose 3.4% in London. Air France’s share price in Paris rose 6.7%, while Lufthansa’s share price rose 5.3%.
Although the airline’s outlook is more optimistic, Wilson warned that there are still “many reasons for warning and caution” given the uncertainties that still exist, such as which vaccines are acceptable and whether children need to hold vaccine passports.
Additional reporting by Sylvia Pfeifer and Matthew Rocco