Compensation calls for Blue Island passengers
Deputy Inna Gardiner has called for passengers impacted by Blue Islands flight delays and cancellations to get compensation.
Passengers travelling by Blue Islands have faced recent disruption with some islanders missing medical appointments in Southampton because of cancellations.
The airline removed 28 flights from its summer schedule due to one aircraft being damaged and another new addition to its fleet being delayed.
Economic Development Minister Deputy Kirsten Morel acknowledged the airline had not been performing well enough but said a compensation scheme could make flight routes less viable.
Deputy Gardiner told the BBC that islanders could not continue to pay for delays and cancellations.
She said: "I would encourage the minister for sustainable economic development and the consumer council to get together to find a way that islanders can be protected, can be compensated and can be reimbursed.
"Whether its through the insurance company, or through the airline or through a special compensation scheme."
Deputy Morel said a compensation scheme would not be introduced in this government term.
He said: "If you start a compensation scheme its going to add significant cost to the viability of the routes, that means routes will become less viable and so you could see airlines pulling out of certain routes if they are forced to be part of a compensation scheme.
"It would take some time to look at properly and its not something we are going to look at between now and the end of the states assembly."
More news stories for Jersey
Listen to the latest news for Jersey
During a States Assembly sitting, the minister encouraged islanders to get travel insurance.
However Deputy Louise Doublet responded by saying insurance companies were not always paying out because they wrongly thought islanders were protected by EU law regarding flight cancellations.
The Jersey Consumer Council said UK and EU law meant passengers on UK and EU-based airlines could claim more than £200 compensation for cancellations - but the equivalent law does not exist in the Channel Islands.
Deputy Morel said if this issue was happening to people they should go to the Channel Islands' financial services ombudsman.
Follow BBC Jersey on X and Facebook. Send your story ideas to channel.islands@bbc.co.uk.
Hospital patients let down by cancelled flights
Blue Islands removes 28 flights from schedule
Government of Jersey
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
27 minutes ago
- Yahoo
New EU-Ukraine agri trade quotas to be 'in between' current deal and wartime exemptions
By Kate Abnett BRUSSELS (Reuters) -The European Union and Ukraine are negotiating a new deal that will set import quotas on agricultural goods from Ukraine somewhere "in between" current levels and the temporary exemptions granted after Russia's 2022 invasion, the EU's agriculture commissioner told Reuters. The EU temporarily waived duties and quotas on agricultural products in June 2022 after Russia's full-scale invasion to help Ukraine compensate for the higher costs of its exports, after Russia threatened its traditional Black Sea shipping lanes. Those tariff suspensions expired on Thursday. The EU and Ukraine reverted to the pre-war regime of trade quotas on Friday, while the two sides negotiate a new longer-term deal - in which Brussels is seeking to strike a balance between supporting Ukraine in its war with Russia, and heeding European farmers' concerns about cheaper Ukrainian imports. "What will be negotiated will be something in between the quotas under the existing DCFTA and the autonomous trade measures, the volumes that have been exported there," EU agriculture commissioner Christophe Hansen said in an interview with Reuters on Thursday. The DCFTA refers to Ukraine and the EU's pre-war trade deal. The EU's "autonomous trade measures" temporarily suspended quotas on Ukrainian imports from 2022. Ukraine's farm minister Vitaliy Koval told Reuters this week that Kyiv was pushing for an agreement on higher quotas than it had before the war. EU farmers have complained that large shipments of cheaper Ukrainian sugar imports under the wartime tariff exemptions have undercut local supplies. The EU triggered "emergency brakes" to re-impose quotas on products including sugar and eggs in the past year, in response to surging imports. The EU's Ukrainian sugar imports soared to 400,000 tons in the 2022/23 season and over 500,000 tons in 2023/24, far exceeding the pre-war quota of 20,000 tons. Hansen said the new quotas on sugar would be "significantly higher" than those under the pre-war arrangements. "I think we can absorb a certain amount of those products," he said, while noting sensitivities around sugar, poultry and eggs. Negotiations on the new EU-Ukraine deal started on June 2. Hansen said it was feasible a deal could be reached by summer. "It depends now on both sides, I think technically that could be feasible," he said. Agricultural goods accounted for about 60% of Ukraine's total exports last year, with the EU buying around 60% of those goods, worth about $15 billion. A senior Ukrainian lawmaker said last month the loss of tariff-free access to the EU market could cost the country 3.5 billion euros ($3.99 billion) in annual revenue. "Our solidarity with Ukraine is as firm as ever, and therefore we are very committed to deliver this agreement as quickly as possible," Hansen said. The pre-war quota regime, which applies as of Friday, also includes lighter rules on import licenses for some goods like poultry and eggs, where instead of requiring licenses, quotas will be allocated on a first-come, first-served basis. ($1 = 0.8763 euros)
Yahoo
34 minutes ago
- Yahoo
Broadcom shares drop as revenue forecast fails to impress
(Reuters) - Broadcom shares fell nearly 4% in premarket trading on Friday, after the company's third-quarter revenue forecast failed to impress investors who have been extremely bullish on chip stocks amid an artificial intelligence boom. The Palo Alto, California-based company, which supplies semiconductors to Apple and Samsung, provides advanced networking gear that allows vast amounts of data to travel across AI data centers, making its chips crucial for the development of generative AI technology. Broadcom forecast third-quarter revenue of around $15.80 billion, compared with analysts' average estimate of $15.71 billion, according to data compiled by LSEG. "High expectations drove a bit of downside," Bernstein analyst Stacy Rasgon said in a note. Broadcom also helps design custom AI processors for large cloud providers, which compete against Nvidia's pricey off-the-shelf chips. Global chipmakers, including Nvidia, have been vulnerable to U.S. President Donald Trump's shifting trade policy and export curbs as Washington attempts to limit Beijing's access to advanced U.S. technology. "AVGO is ramping two additional customers, but they are still small. So the processor business will grow this year, but at a measured rate," said Morgan Stanley. Last week, rival Marvell Technology forecast second-quarter revenue above Wall Street estimate, betting on strong demand for its custom chips powering AI workload in data centers. Broadcom's valuation had crossed $1 trillion for the first time in December after it forecast massive expansion in demand for chips that power AI. Its shares have risen about 12% so far this year. It has a 12-month forward price-to-earnings ratio of 35.36, compared with Marvell's 20.63, according to data compiled by LSEG. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Automakers' Bonds Are a Hot Trade Now That Tariffs Are in Limbo
(Bloomberg) -- European carmakers are selling the most new bonds in years, seeking to take advantage of a calmer window in US President Donald Trump's trade war as well as strong investor demand for the high yields on offer. Next Stop: Rancho Cucamonga! ICE Moves to DNA-Test Families Targeted for Deportation with New Contract Where Public Transit Systems Are Bouncing Back Around the World US Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents Warn The Global Struggle to Build Safer Cars Automakers and parts manufacturers including Volkswagen AG and Mercedes-Benz Group AG sold more than €13 billion ($14.8 billion) of bonds in May, making it the busiest month for euro issuance in the sector since early 2017. Many more have launched deals in the first week of June, including a trio of junk-rated companies that supply components from car seats to steering wheels. The flood of sales comes after carmakers were effectively shut out of the market during the turmoil that followed Trump's so-called 'Liberation Day' announcements in early April. Since then, the president has retreated or scaled back various tariffs, including on auto parts, and markets have bounced back. At the same time, high demand for these sales — because of their hefty yields — are encouraging others to come to market. 'With the market feeling better and the buzz around tariffs somewhat abating, issuers are being opportunistic and tapping the market,' said Raphael Thuin, head of capital market strategies at Tikehau Capital. 'Financing is coming at a premium, but demand has been strong.' Deals from blue-chip carmakers have been well received, with BMW AG getting €6.5 billion in orders for a €2.5 billion offering. This week's junk-rated deals have also been popular. Volvo Car AB pulled in more than €1.9 billion orders for a €500 million sale, while French parts supplier Forvia SE — which saw its bonds tumble after Trump's April announcements — was able to increase the expected size of its offering. Investors are piling into the deals because tight bond spreads across the market haven't left much higher-yielding debt to invest in. The average yield on investment grade auto bonds sold in May was 3.49%, according to data compiled by Bloomberg compared with an average yield of 3.14% for an index of European high grade corporate bonds as of Thursday's close. Yields on junk-rated bonds are also proving tempting for investors. Troubled German parts firm ZF Friedrichshafen AG sold a five-year bond this week with a 7% yield, compared with 4.75% when it last sold euro debt in January 2024. The €1.25 billion sale pulled in more than €4.5 billion of orders. Demand has been helped by index-benchmarked investors, who may have cut their positions in the sector during April's turmoil and are now rebuilding them. 'This is a good opportunity to reduce underweights on credits, with deals pricing attractively,' said Chris Higham, portfolio manager at Aviva Investors. And there's plenty of cash to put to work. Money managers have been pouring money into European fixed income bond funds, with investment grade inflows hitting $3.14 billion and high-yield inflows reaching $1.02 billion in the week to May 28, according to EPFR data cited by Bank of America Corp. Still Cautious To be sure, carmakers are not out of the woods, with further tariff turmoil likely and levies on raw materials — like steel and aluminum — potentially making their costs more expensive. The current increase in borrowing costs may add to challenges in the future as well. Gordon Shannon, a portfolio manager at TwentyFour Asset Management said he has been 'startled with the way bond investors have embraced autos.' He cited the huge orders that investors put in for a Volkswagen AG hybrid bond — the riskiest type of debt that a corporate can sell — as an example of excessive enthusiasm. Tikehau's Thuin agrees. 'We view the sector as still facing long term structural headwinds which are nowhere near disappearing,' he said. 'Although the sector is trading cheap, we are still very cautious.' Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Is Elon Musk's Political Capital Spent? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To ©2025 Bloomberg L.P. Sign in to access your portfolio
