UK Leasing

TTG – Travel Industry News

Thailand, meanwhile, is seeing a rebound in international tourist arrivals, driven by a return of backpackers to major destinations in the country.

Closer to home, Leeds Bradford Airport has backed away from building a second terminal, while aircraft leasing companies face a challenge getting their planes back from Russian carriers.

Here are the headlines travel woke up to on Friday (March 11).

UK economy rebounds ahead of war in Ukraine

The UK economy rebounded strongly in January as the festive impact of the Omicron variant faded, although the outbreak of war in Ukraine clouds the outlook for the coming months. The country’s GDP rose 0.8% in the first month of the year, indicating a strong rebound from December. (The Telegraph)

Backpackers’ return brings ray of hope for tourism revival in Thailand

Thailand’s tourism industry is showing signs of recovery as backpackers return to major destinations in the country. International tourist arrivals to Thailand in February rebounded to 204,000 after suffering a decline in January, due to the spread of the Omicron variant. (The Guardian)

Leeds Bradford Airport scraps plans for new £150m terminal

Leeds Bradford Airport has ended plans to build a new £150million terminal. Airport bosses withdrew the proposals over “undue delays” and the decision to hold a public inquiry into the development. They are now planning to expand the existing terminal at the airport. (BBC News)

The fall of the Roman Empire

Russian oligarch and Chelsea football club owner Roman Abramovich has been sanctioned by the British government for his close ties to Vladimir Putin. The move put the future of the London-based club in doubt after Abramovich’s UK assets were frozen, although the team was allowed to continue playing games. (Various)

Aircraft leasing companies face $10 billion in Russian sanctions

Aircraft leasing companies are facing huge financial losses after Russian authorities said they would block the return to their owners of hundreds of planes leased and loaned to Russian airlines. EU sanctions will force the termination of contracts for around 450 leased planes by March 28. (The temperature)