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The airline set to fire unvaccinated aircrew and pilots

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As the coronavirus vaccine rollout ramps up within many nations around the world, many aviation industry experts say the jab will play a huge role in bringing aviation back to normal

Cathay Pacific Airways has confirmed that all Hong Kong-based pilots and flight attendants would need to be vaccinated against COVID-19 by August 31st or risk losing their jobs.

The mandate has become one of the airline industry’s toughest policies.

Cathay Pacific stated it had struggled with staff rostering due to Hong Kong’s strict quarantine rules, which require unvaccinated crew members to quarantine every flight.

New guidelines exempt flight crew that are vaccinated from quarantining

There are also requirements that only fully vaccinated crews can operate to certain high-risk destinations and on quarantine-free “bubble” flights.

Hong Kong has a surplus of unused vaccines and some of the shots are about to expire.

Cathay said 90% of pilots and more than 65% of the cabin crew had already received their vaccinations or had appointments booked, following a previous warning that vaccination was highly likely to become compulsory.

US Airlines impose similar rules

United Airlines has confirmed it would mandate full vaccination for crew members flying to countries with high COVID-19 cases at the beginning of August.

Delta Air Lines last month said all new hires would have to be vaccinated.

While vaccines for passengers on all Qantas international flights will also become mandated after the airline said it will require all passengers and crew to be vaccinated when the country’s borders reopen to widespread international travel.

Emirates has provided employees with free vaccines since January.

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Money

Biden is “discussing” support for Israel over Iran oil strike

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The Biden administration believes it’s still “appropriate” for Israel to continue its ground and air attacks on Hezbollah.

The Middle East is a tinder box as Israel retaliates to Iran’s bombing earlier this week as well as fighting Hamas, Hezbollah and the Houthis in Gaza, Lebanon and Yemen. But what are the economic and geo-political implications? #featured #trending

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Money

Defence shares rise to record high following Middle East attacks

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Stocks retreated Tuesday, with rising tensions in the Middle East cooling investor momentum after a strong quarter.

Oil prices eased and stocks recovered some ground after initial reports, as hopes grew that damage from the attack and any Israeli response would remain limited.

This market drop underscores the delicate balance between geopolitical risk and economic optimism. #featured #trending

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U.S. Feds in no ‘hurry’ to cut rates as confidence in economy grows

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Fed Reserve Chair Jerome Powell indicated the U.S. central bank was not “in a hurry” after new data boosted confidence in ongoing economic growth and consumer spending.

Fed Chair Jerome Powell says “disinflation has been broad-based,” and recent data suggests progress towards the Fed’s 2% inflation target.

Powell says the Fed is not rushing to lower rates but will make decisions based on how the economy evolves.

When asked about rate cuts, Powell says it’s a process that will “play out over time,” signalling a steady but cautious approach. #featured #trending

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