EasyJet near taking stake in TUIFly-Manager Magazin

EasyJet is close to taking a stake in German airline TUIFly in order to secure flying rights in Europe even after Britain leaves the EU, German publication Manager Magazin reported Thursday, citing sources. EasyJet could be left without the rights to operate inner-European flights, which analysts estimate account for around one third of its business, should Britain leave the EU without negotiating access to the common EU aviation area. EasyJet CE Carolyn McCall has therefore been looking at ways of obtaining the necessary licences to continue to operate as an EU carrier. TUI Group, which owns TUIFly, and EasyJet declined immediate comment. <br/>