By Mauro Orru

Vinci SA said Tuesday that London's Gatwick airport and its lenders reached an agreement to temporarily waive the airport's financial covenants.

The airport--which is owned by Vinci's subsidiary Vinci Airports and a consortium of investors managed by Global Infrastructure Partners--swung to a loss for the first half of the year as revenue plunged amid a drop in passenger numbers due to coronavirus-related travel restrictions.

The airport, the U.K.'s second largest, unveiled plans in late August to cut around 600 jobs.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

September 22, 2020 13:14 ET (17:14 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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