The Foreign Secretary said the cash would be used to fund repatriation flights after planes were grounded and international travel stopped by Covid-19.
The plan was announced after talks between ministers and airlines British Airways, Virgin, Easyjet, Jet2 and Titan Airways.
BA has already been working on repatriation flights, while the other companies signed a “memorandum of understanding” with Mr Raab.
The deal was announced as officials faced criticism from Britons flown back to Heathrow after being stranded in Peru.
They claimed holidaymakers had missed planes because they were only notified of their flights out of Lima by email at short notice.
Mr Raab said the new mission would focus on destinations where commercial flights have been halted, and would prioritise the sick and elderly.
He said: “This is a worrying time for many British citizens travelling abroad.
“We’ve already worked with airlines and governments to enable hundreds of thousands to return home on commercial flights.
“We will keep as many of those options open as possible.
This story is from the March 31, 2020 edition of Daily Express.
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This story is from the March 31, 2020 edition of Daily Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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