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Singapore, Hong Kong to launch air travel bubble

  • Mercados: Oil products
  • 11/11/20

The first air travel bubble flights between Singapore and Hong Kong will begin on 22 November, following the end of negotiations earlier this week, in light of the Covid-19 spread being brought largely under control in both cities thus far.

Under the bubble, travel between Singapore and Hong Kong will be permitted on designated flights for work, leisure, or other purposes. Travellers will not need to serve the usual quarantine or stay-home notices but will have to take Covid-19 tests in place of that. Their itineraries will not be controlled as well.

Travellers from Singapore to Hong Kong will need to take a Covid-19 test within 72 hours before the scheduled departure time and test negative, and take another one upon arrival in the Chinese territory. Travellers from Hong Kong to Singapore will only need to take the test within 72 hours before their departure from Hong Kong.

"While we may be starting small, this is an important step forward. It will be a useful reference for other countries and regions that have controlled the epidemic, and are contemplating opening their borders," said Singapore's Minister for Transport Ong Ye Kung.
Singapore was mulling the setting up of such travel bubbles last month in a latest measure to revive its aviation industry, which had been harder-hit than some other countries as it lacks a domestic travel sector.
Such arrangements, however, will have to be implemented across more countries in order for regional jet fuel demand to pick up significantly, said market participants.

Hong Kong's aviation gasoline and kerosine imports in September rose to about 54,000 b/d from the over 23½-year low of 20,500 b/d imported in August, although volumes remained about 55.5pc less than the 121,100 b/d imported in September 2019, according to latest data from the Chinese territory's census and statistics department.

Asia-Pacific jet fuel refining margins, or fob Singapore jet fuel swaps against Dubai crude values, rose to about a 4½-month high of $3.23/bl yesterday, the highest levels since $3.50/bl on 22 June although this is still far from the $12.12/bl pre-pandemic average in January.


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