UK’s Gatwick Airport in talks with banks over debt By Reuters

PARIS (Reuters) – Britain’s Gatwick Airport is in talks with its banks over a temporary waiver of its financial covenants, according to a statement issued on Friday by its French majority owner Vinci.

“Given the exceptional circumstances affecting air travel, the company states that it has entered into discussions with its lenders to temporarily waive its financial covenants,” London Gatwick Airport said in the statement.

The global aviation industry has been hit by travel restrictions prompted by the COVID-19 crisis.