Budget carrier Jet2 is thought to be the first major airline to drop face mask rules for passengers. Reuters
Budget carrier Jet2 is thought to be the first major airline to drop face mask rules for passengers. Reuters
Budget carrier Jet2 is thought to be the first major airline to drop face mask rules for passengers. Reuters
Budget carrier Jet2 is thought to be the first major airline to drop face mask rules for passengers. Reuters

Jet2 becomes first major airline to drop face mask rules on flights


Hayley Skirka
  • English
  • Arabic

Passengers flying to England and Northern Ireland with Jet2 no longer need to wear masks when travelling. The low-cost airline has dropped its rules for mandatory face coverings amid a relaxing of Covid-19 restrictions and measures across the UK and worldwide.

“It’s no longer a legal requirement to wear a face mask at our airports or onboard our planes,” the airline said on its website. “However, as per UK Government guidance, we recommend that you continue to wear a face mask in these spaces, and you will need to wear one when you get to your overseas destination.”

Flying from 10 hubs in the UK to more than 60 holiday spots across Europe, the budget carrier is thought to be the first major airline to drop face mask rules for passengers.

Masks still necessary on all flights to Scotland

On flights to Scotland, where local regulations mean face masks remain compulsory for all travellers, passengers on Jet2 flights must continue to don the protective face gear.

Anyone who is unable to wear a mask because of health reasons needs to notify the airline in advance if flying to Glasgow or Edinburgh. Jet2 also advised travellers to ensure they are up to date with the latest government guidelines for their destination before flying.

Will face masks for travel soon be obsolete?

After almost two years of compulsory face masks for travellers, could things be changing? Bloomberg
After almost two years of compulsory face masks for travellers, could things be changing? Bloomberg

Travellers in the US may be next in line to ditch face masks when flying.

A mandate requiring people to wear masks at airports and on planes, trains and buses is set to expire on March 18, more than a year after it was first implemented.

The Transportation Security Administration has amended the requirement several times before. But so far, no new plans have been made to extend the rule beyond its current expiry.

In the UAE, where Covid-19 rules were recently relaxed to allow people to go outside without wearing a face mask for the first time in more than two years, travellers must continue to wear masks when flying. Face masks remain mandatory on all flights to the UAE, including Etihad or Emirates, the country's largest airlines.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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Directed by: Anubhav Singh
Cast: Akshay Kumar, Parineeti Chopra

 

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Investors: Flat6Labs, Accel, Y Combinator and angel investors

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How do Sim card scams work?

Sim swap frauds are a form of identity theft.

They involve criminals conning mobile phone operators into issuing them with replacement Sim cards by claiming to be the victim, often pretending their phone has been lost or stolen in order to secure a new Sim.

They use the victim's personal details - obtained through criminal methods - to convince such companies of their identity.

The criminal can then access any online service that requires security codes to be sent to a user's mobile phone, such as banking services.

Updated: March 02, 2022, 7:54 AM