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Badass. British icon. Colonialist? Inside the battle for Lara Croft’s soul

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In 1998, the then science minister, Lord David Sainsbury, appointed Lara Croft, tomb raider, as an ambassador of British scientific excellence. “I use her as an example of one of the great success stories in this country,” he said. It is difficult to imagine this happening today, not only because it is very strange, but because there is nothing especially British about Lara Croft in the 21st century.

Tomb Raider was released in 1996 by Core Design, a video games developer based in Derby. In response to the ambassadorial appointment, Core chief executive Jeremy Heath-Smith said Croft — a female Indiana Jones, who, in manner, resembled Harrison Ford less than Kirstie Allsopp — was a personage of British culture equal to James Bond. “Providing we, as a company, don’t decimate her character, there is no reason why she shouldn’t go on for a long time,” he said.

Core never did abuse Croft’s character, but it did do worse: it mismanaged the financial asset. The sixth game in the series, released in 2003, was a high-profile flop that failed to bring the franchise to a new generation and squandered the momentum of the Angelina Jolie-starring film adaptations. Core’s British parent company, Eidos, reassigned the development of the series to an American studio, itself later acquired by a Japanese multinational that sold it on to a Swedish holding company, with financing from Saudi Arabia’s Public Investment Fund.

This fact alone should not disqualify Croft as culturally British. It might as well be true for half of the Premier League. Rather, as Croft metamorphosed from a British property to a global one — a new film and TV series are under way — the qualities that once coded her as British have fallen out of fashion. A landed aristocrat educated at the same school as the current king of England, who shoots exotic game and ransacks foreign tombs for sport, might sell issues of Tatler but not, perhaps, game consoles to Gen Z.

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Tomb Raider was a successful video game, but Croft was, at one time, a pop icon. Her arrival in the mid-1990s occasioned “a seismic change in video gaming,” says Core’s Heath-Smith. “She sold a shitload of PlayStations all around the globe. Lara was not this hulking big man with a gun blasting people’s heads . . . she took video gaming out of a dark bedroom with spotty kids eating pizzas into the mainstream. I remember going to dinner parties and people were talking about video games. That was unheard of.”

Arriving only a few months after the first Spice Girls single, Croft rode the wave of Cool Britannia. Alongside Britpop, Kate Moss and Damien Hirst, she represented the digital front of British cultural power. She landed the cover of The Face and partnerships with U2, Gordonstoun school, Lucozade and Dave Stewart of the Eurythmics. In other words, Croft was perfect for the moment. There was just the problem of her having become famous for raiding tombs.

In the original video game, Croft is an archaeologist in the mode of the wealthy Victorians sent to Egypt to convalesce, who took home mummies as souvenirs. Acquisitive and unbothered with ethics or custom, she was a product of the colonial imagination, as was her world: the lands beyond the empire, abundant with plunder and peril. At her Surrey manor, Croft was attended by a shambling butler who players could lock inside a freezer, which didn’t not feel like something Croft would do.

“She was always envisioned as an anti-hero rather than straight-up action heroine, guided by an amoral self interest and doing the right things for the wrong reasons,” says Paul Douglas, lead programmer on the original Tomb Raider. The nature of the character followed from the evolution of the game design, which, over its development, changed focus from realistic exploration to the exaggerated athleticism of death-defying leaps and flips over spike traps and rolling boulders, or running circles around a T-Rex with a pistol in each hand.

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“Croft has undoubtedly drawn people to archaeology,” says Margaret Maitland, an Egyptologist at the National Museum of Scotland. “But Indiana Jones-style narratives have also distorted public perceptions of the past by celebrating ‘treasure’ . . . promoted conspiracy theories over an appreciation of real ancient people and objects . . . [and normalised] problematic collecting practices, which is far from harmless.” For some, Croft belongs in a museum — and that’s exactly where she is. Maitland’s museum is currently curating an exhibition of video games, in which the original Tomb Raider is on display, sealed behind glass.

In 2013, Crystal Dynamics, the California game studio given custody of Croft after Core Design, embarked upon a comprehensive modernisation of the character. Dynamics, under the auspices of its then-owner Square Enix, reimagined Croft as more of a real person, less superyacht owner than Below Deck cast member. The new Croft was a young, earnest and saturnine striver who raided tombs more by accident than vice. Down with cartoon sexuality, up with the inherent profanity of grave robbing.

Five minutes after the game began, she was impaled on a steel rod, and the camera lingered on her pain. “It gave her a little bit more of this grounded, more relatable sense,” said Dynamics’ Dallas Dickinson in 2021. “The superhero version may not have been as accessible to certain people and so when she became more real . . . I think she resonated with an entirely new generation of gamers.”


Becoming real and resonant meant minimising the importance of Croft’s wealth. It is neither relatable nor aspirational to have been born into a family gifted its lands by the child king Edward VI in 1547, as Tomb Raider lore has it. It is certainly not relatable to be born into that wealth and be shameless about it, as Croft was. Worse, it can be dramatically inert. “She very much wants to stand on her own two feet,” said writer Rhianna Pratchett, who worked on the 2013 video game. “She wants to make her own way in the world on her own terms. She puts herself through university. She works several jobs in order to do so.”

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The 2018 Tomb Raider film with Alicia Vikander is based on this version of the character and introduces Croft as a scrappy bike messenger who cannot pay her bills. “A girl of the people and not the upper-class,” says Roar Uthaug, the film’s director. “What often makes characters interesting is their struggles, and overcoming hurdles. If you have all the money in the world, you can solve a lot of problems.”

The most recent Tomb Raider, from a Montreal studio, has Croft reckon at last with archaeological ethics. “The reboot has been about bringing a more grounded version of Lara,” said the game’s narrative director Jason Dozois in 2018, “and what that means for us is becoming more responsible with the use of archaeology. It’s not just about possessing an object, going into a tomb, everything crumbles, and then leaving. It’s about learning that archaeology is also culture, history and language, and that involves people.”

The lesson is a good one, but it was never this new version of the character who needed to learn it. And it is a dead end. After all, the game is called Tomb Raider. The ceiling on Croft’s modernity is to become a sustainable, inclusive graverobber. Uthaug’s movie deferred the issue by putting Croft on a mission to find her father, not expatriate a relic to the British Museum. But when the father has been found and Croft’s origin story has been told, what does a Tomb Raider do next? “I’m sure if we had continued making sequels,” Uthaug says, “that would have had to have been a discussion.”


Lara Croft, colonialist? You must not like to have fun at the movies!” Lloyd Levin says to me. Levin is wrong on the facts (I like to have fun; we all do), but not in spirit. Levin was a producer of the 2001 Tomb Raider film with Jolie, whose director, Simon West, envisioned Croft as an aristocrat in the sense that Batman was an aristocrat. This Croft put her family largesse towards a high-tech operations centre run by a support staff, used not to enrich herself but to save the world from sinister forces who would misuse the supernatural powers of ancient artefacts. “The first thing I wanted to do was make sure Lara’s not taken at face value as a rich, spoiled person,” West said in 2018. The director forbade Jolie from taking lessons in British etiquette; Croft would stick her feet up on the table.

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Tasha Huo, the lead writer of a Tomb Raider animated series on Netflix, The Legend of Lara Croft, out this month, ends up in a similar place by attempting to reconcile the new Croft with the old one, which is like having to explain how Daniel Craig’s Bond would turn into Roger Moore’s. “I was missing the old Lara Croft, who was extremely confident, who just knew herself inside and out,” says Huo. “As a little girl growing up, you don’t see a lot of women who are working on their own, who are very independent and extremely happy in that independence. Nothing out there in the world can scare them or can intimidate them.”

In every iteration, Croft is a strong, confident character. But, like her wealth, the modern Croft has to earn this with blood and tears. Of Huo’s calibrations, the most impactful is occasionally allowing Croft to have a good time. Tonally, the series is less in line with the video game reboot written by Rhianna Pratchett than Pratchett’s work on the character outside the game, in comic books.

One of Pratchett’s comic issues puts Croft in Elizabeth Bennet cosplay, fighting on the Tube. Croft was never a particularly funny character, but Huo and Pratchett recognise that she is fundamentally absurd. Huo’s series is concerned with balance — Croft, as a person, learning to let in both light and dark — and it feels like a prescription for the future of the character. She is, inescapably and at once, hopelessly imperial and deeply silly. If she is fun, it is because she can afford to be.

“I could get more fun things done in the comics,” Pratchett said in 2023; the comics, she has said, never faced the same scrutiny as the games, always the financial and creative engine of the whole enterprise. It’s the games that sell a shitload of consoles. Outside of that burden, there is more fun to be had.

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Nobody is talking much about what comes next. There is a new game by Crystal Dynamics, under new ownership. There is an Amazon TV series, to be developed by Phoebe Waller-Bridge, and another film, all of which are presumed to reboot the character again. Who is Croft, their writers and development executives will be asking. But this is not such a difficult question to answer. If you can imagine Rose Hanbury shooting a Tyrannosaurus in the face, you understand completely.

Follow @FTMag to find out about our latest stories first and subscribe to our podcast Life and Art wherever you listen

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French bond investors on edge after tax-raising budget

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French bond investors on edge after tax-raising budget

Despite efforts to lower deficit, fund managers say spreads on France’s debt likely to remain elevated

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P&O owner to attend summit despite row over Louise Haigh’s comments

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P&O owner to attend summit despite row over Louise Haigh's comments

P&O Ferries owner, DP World, will now attend the UK’s investment summit on Monday, despite a row over a minister’s criticism of the firm.

It had been feared they might pull out from the summit – where they were expected to announce a £1bn investment – after Transport Secretary Louise Haigh criticised the ferry firm and urged consumers to boycott the company.

An expansion of the firm’s London Gateway port, in Essex, is likely to go ahead, with an announcement expected by some in the coming days.

Whitehall sources said on Saturday that there had been “warm engagement” between senior figures in the firm and the government since Sir Keir Starmer distanced himself from his minister’s remarks.

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The government is hosting the International Investment Summit, where it hopes to attract billions of pounds of investment.

A Downing Street spokesperson said the summit would “show Britain is open for business” as it looks to enable economic growth.

Speaking to the BBC’s Newcast on Friday, Sir Keir said Haigh’s comments were “not the view of the government”.

The prime minister is understood not to have been directly involved in talks with DP World, nor has he personally spoken to Haigh about her remarks.

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DP World has said the expansion of the London Gateway port would bring Thurrock hundreds of jobs.

The row started after Haigh described P&O as a “rogue operator” in an interview with ITV on Wednesday, after it sacked nearly 800 seafarers in 2022 and replaced them with cheaper workers.

Asked whether she used the ferry service, she said: “I’ve been boycotting P&O Ferries for two-and-a-half years and I would encourage consumers to do the same.”

DP World insisted the move was needed for the survival of the ferry operator and to secure thousands of jobs.

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Haigh’s comments in the interview coincided with the Department for Transport announcing new legislation aimed at protecting seafarers from what it described as “rogue employers”.

In that announcement, Deputy Prime Minister Angela Rayner was quoted calling P&O Ferries’ prior actions “outrageous”.

But senior government figures previously told the BBC that they were incensed by the suggestion that consumers boycott the ferry firm.

Haigh’s comments also attracted criticism from the Conservatives, with shadow business secretary Kevin Hollinrake arguing Labour “don’t understand business”.

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However, the Labour chair of the House of Commons Business and Trade Committee, Liam Byrne, defended Haigh.

She had been “absolutely right to say that the behaviour of P&O, owned by DP World, in the past has been completely unacceptable”, he said.

The row has exposed a tension between the new government’s desire to attract business and strengthen workers’ rights.

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Buying Medical Properties Trust Taught Me a Costly Lesson

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Motley Fool


Medical Properties Trust (NYSE: MPW) is my largest investment in a single real estate investment trust (REIT). I built that position up over a decade and a half by steadily buying more shares of the healthcare REIT. The main draw was its high-yielding dividend.

That investment paid off for a long time. However, the healthcare REIT has come under tremendous pressure in recent years due to an issue I completely overlooked: tenant concentration. Medical Properties Trust leased a significant percentage of its hospital portfolio to two tenants, which cost the company and its shareholders dearly when it ran into financial troubles. That taught me to pay much closer attention to customer concentration and quality when investing in any company.

Not diversified enough

Medical Properties Trust is one of the largest owners of hospital real estate in the world. It owns several hundred facilities leased to many different hospital operators. However, two tenants comprised a meaningful percentage of its total assets and revenues for many years. For example, at the end of 2022, the REIT’s rent roll consisted of:

Operator

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Properties

Percentage of Total Assets

Percentage of Revenues

Steward Health Care

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41

24.2%

26.1%

Circle Health

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36

10.5%

11.9%

Prospect Medical Holdings

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14

7.5%

11.5%

Priory Group

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32

6.6%

5.3%

Springstone

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19

5%

5.8%

50 Operators

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302

38%

39.4%

Other investments

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0

8.2%

0%

Total

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444

100%

100%

Data source: Medical Properties Trust.

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While the REIT had over 50 tenants, five supplied more than 60% of its revenue. That became an issue as Steward Health Care and Prospect Medical Holdings ran into financial troubles.

Those issues led the REIT to work with these large tenants to help them navigate their financial problems. For example, in May 2023, Medical Properties Trust reconstituted its $1.6 billion investment in properties leased to Prospect Medical Holdings in a series of transactions. It converted some leases into an equity interest in that company’s managed care business. Meanwhile, it temporarily suspended rents in California, with partial repayments resuming last September and full rent commencing this past March.

Medical Properties Trust also tried to keep Steward afloat by providing financial assistance and temporarily reducing its rent. However, those efforts weren’t enough, and Steward filed for bankruptcy earlier this year. The REIT was finally able to sever its relationship with Steward last month, which enabled it to find new tenants for many of the properties it formerly leased to that company.

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The REIT’s issues with two of its largest tenants weighed heavily on its stock price (shares are down nearly 80% from their peak a few years ago). It has had to sell properties leased to financially stronger tenants to repay maturing debt. It also cut its dividend twice.

Lessons learned

The biggest lesson I’ve learned from investing in Medical Properties Trust is to carefully consider customer concentration and quality when investing. The higher the concentration of a single customer, the greater the risk that the client’s issues will become a problem for that investment. Likewise, if a company has a high concentration of financially weaker clients, that could also impact my investment in the future.

Medical Properties Trust has learned this lesson the hard way. That’s led it to focus on diversifying its tenant base by bringing in higher-quality tenants. For example, it agreed to lease its entire Utah hospital portfolio to CommonSpirit Health last year after the healthcare company acquired Steward’s operations at those facilities. CommonSpirit has strong investment-grade credit, which enhances its ability to meet its financial obligations. Securing such a high-quality tenant for those facilities enabled the REIT to sell a majority interest in the real estate to another investor to raise additional cash. Meanwhile, it recently agreed to replace Steward at 15 other properties with four high-quality operators as part of its bankruptcy settlement with Steward.

As a result of that agreement, the REIT has achieved the objectives it laid out in its second-quarter earnings conference call. CFO Steve Hamner stated, “Looking through the calendar to 2025 and into 2026, our expectation is that we will have a stable portfolio of hospital real estate leased to key operators in their respective markets with no exposure to Steward.” With that goal achieved, the REIT can focus on rebuilding its portfolio by adding new properties leased to high-quality operators to continue diversifying its tenant base. That should also enable it to rebuild its dividend.

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It’s important to dig a little deeper

I didn’t pay enough attention to Medical Properties Trust’s tenant concentration as I built my position, which proved costly. However, I learned a valuable lesson: Analyze a company’s client base and quality because that could have a meaningful impact on its future results. Medical Properties Trust learned that costly lesson as well. With its tenant quality improving and its rent roll more diversified, it’s in a much better position to deliver the stable income and growth I initially expected as I built my position. That’s why I plan to continue holding, believing it can eventually make a full recovery.

Should you invest $1,000 in Medical Properties Trust right now?

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The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Medical Properties Trust wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $826,130!*

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Matt DiLallo has positions in Medical Properties Trust. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

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Buying Medical Properties Trust Taught Me a Costly Lesson was originally published by The Motley Fool



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UK food safety watchdog to probe lead levels near abandoned mines

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The UK’s independent food safety watchdog will investigate lead levels in food produced near abandoned lead mines after the impact of the toxic metal on human health was highlighted by a Financial Times investigation.

The UK has 6,630 abandoned lead mines that continue to disperse the metal into the environment each year. Lead can accumulate in waterways and soil before being consumed by animals and entering the food chain. 

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In a letter seen by the Financial Times, Professor Alan Boobis, chair of the Committee on Toxicity of Chemicals in Food, Consumer Products and the Environment, told Conservative MP Julian Smith that the Food Standards Agency would conduct a risk assessment.

The FSA’s review of “dietary lead as part of its risk analysis programme” would take “into account hotspots where exposure is likely to be higher, including the specific concern regarding old lead mines”, said Boobis, whose independent group advises the FSA and the Department of Health and Social Care.

Consumed by humans, lead has a devastating impact on almost every organ in the body, with any level of exposure capable of having a harmful effect, according to the World Health Organization.

Yet the UK’s Veterinary Medicines Directorate, an agency of the environment department, tests just between 400 and 450 samples of meat, milk, fish and honey for the presence of lead and other heavy metals each year. Experts say testing such a small number of food items offers an insufficient assessment.

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This year Boobis said he “agreed with the conclusion” of an FT investigation that found the scale of lead toxicity present in farm animals reared for human consumption was unknown, and said ministers should assess the scale of lead contamination “from farm to plate” in the food chain.

Scientists and farmers rearing animals for human consumption have previously said the FSA should be concerned about people living near old lead mine sites, and who might be growing their own vegetables and eating locally produced eggs. 

Last year a study funded by the Welsh government identified potentially harmful levels of lead in eggs produced on two small farms downstream from abandoned lead mines in west Wales.

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A young child eating one or two of the eggs per day “could become cognitively impaired”, according to the research. Small-scale studies of vegetables grown on the farms indicated they too contained “elevated, and potentially toxic, concentrations” of lead, according to the full study.

Boobis added in his letter to Smith: “Lead is an issue that cuts across a number of government departments, so it will be important to ensure an integrated assessment.”

Smith, whose constituency of Skipton and Ripon in North Yorkshire has an estimated 412 old lead mines, said: “Lead risk needs a root-and-branch assessment and the FSA should deliver nothing less.”

Mark Willis, head of chemical contaminants at the FSA, said the agency kept “all contaminants in food under review as part of its rolling programme of risk analysis work”.

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“The outcome of a future review of lead will inform any advice to ministers on whether changes to legislation are recommended,” he added.

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Neighbours fume over ‘eyesore’ derelict estate as last-man standing locals refuse to leave so block can be flattened

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Neighbours fume over 'eyesore' derelict estate as last-man standing locals refuse to leave so block can be flattened

NEIGHBOURS are fuming over an “eyesore” derelict estate – with one defiant local refusing to leave so the block can be flattened.

The block in Swanscombe, Kent has been boarded up and earmarked for demolition after the local council ruled out pricey repairs.

The boarded-up flats in Swanscombe

3

The boarded-up flats in SwanscombeCredit: KMG
Locals say the block is a magnet for fly-tippers

3

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Locals say the block is a magnet for fly-tippersCredit: KMG
Most residents have moved out of the derelict estate

3

Most residents have moved out of the derelict estateCredit: KMG

Flats in the building had been dogged by damp, weak foundations and cracked windows and ceilings.

The council gave tenants a one-off payment of £7,800 as compensation for moving out.

Most of them took the money and left – but one resident is staying put.

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Demolition plans were confirmed last week but have been postponed because of the last man standing.

Neighbours Miranda Richards told the Kent Messenger: “When I walk past it from my car late at night, it is scary.

“I don’t like walking past a derelict building. There used to be trees there to mask the flats but they have come down.”

Another neighbour said: “It’s an eyesore. There is always fly-tipping there.”

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Ward councillor Emma Ben Moussa said: “The uncertainty for the residents around the area has been quite unfair.

“They have been left like that for a while now. Whatever decision is going to be made I would like it to be made quite quickly.

“They should know what is happening as they have been left in limbo.”

Dartford Council said: “The council is currently considering future options for the use of the site.”

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A spokesperson added: “We await the final residents to vacate the block.

“Once the block is vacant, a proposal with recommendations will be made to the council’s cabinet.”

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Low-cost airline launches first-ever flights from regional UK airport as full plane with 174 passengers takes off

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The connecting city is famous for its Viking history

A LOW cost airline has launched its first-ever flight from a regional UK airport with 174 passengers on board.

The airline will provide direct flights from a UK airport to a popular European capital.

The connecting city is famous for its Viking history

2

The connecting city is famous for its Viking historyCredit: Getty
The first-ever flight got a water salute from airport firefighters

2

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The first-ever flight got a water salute from airport firefighters

Customers flying on its North American connections can even visit two countries in one trip as stop overs are free in this major city.

It has been announced that for the first time ever, Wales and Iceland will be connected by a direct flight.

Customers on board PLAY Airlines can fly from Reykjavik, Iceland, to Cardiff, Wales, up to twice per week.

This will enable the people of Wales to explore the glorious blue lagoons and Viking history of Iceland.

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Or, enable the people of Iceland to explore Wales and its stunning beaches, mountains and castles.

The first-ever flight took off just a day before Wales’ football game in Iceland – with 174 passengers on board.

Customers were treated to Icelandic sweets before take off such as Aurora Borealis cake, candy stripes, and chocolate liquorice.

Plus a water salute from Cardiff Airport firefighters.

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Lee Smith, Cardiff Wales Airport’s Head of Business Development, said: “It’s a pleasure to welcome PLAY Airlines to Wales today.

“This exciting service allows customers to enjoy direct flights between Wales and Iceland for the first time.

Discover the Magic of North Iceland

“PLAY’s Icelandic hub in Reykjavík also allows for people in Wales to take advantage of PLAY’s free stopovers in Iceland, before jetting off to five key cities in North America.

“We look forward to working with the team at PLAY to continue growing in Wales.”

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Flight costs from Cardiff to Reykjavik in October start from as little as £55, per person for a round trip.

The trip time one way takes about three hours.

And there is still availability to fly out in October.

Customers using PLAY Airlines from Cardiff also have the option of visiting five other major cities abroad.

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Such as New York, Washington, Boston and Baltimore in the USA.

Or Toronto in Canada.

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