Ryanair’s O’Leary issues fresh Brexit aviation warning
A fresh warning on the negative impact Brexit will have on aviation has been delivered by Ryanair boss Michael O’Leary. O’Leary has repeatedly claimed that flights between the UK and continental Europe are likely to be grounded in 2019 in the event of a failure to strike a Brexit deal. Ryanair has already started warning on passengers’ tickets of the risk that flights from April 1, 2019, could be cancelled. To keep his aircraft flying, O’Leary will need to demonstrate to regulators that a majority of his investors are EU citizens. At present, 56% of its shareholders are European, and within that about 20% are from the UK. He is examining a number of ways to give incentives to non-EU investors to dump Ryanair shares. The carrier already has a rule stating that any shareholders based outside the EU can sell stock only to European investors. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-02-13/unaligned/ryanair2019s-o2019leary-issues-fresh-brexit-aviation-warning
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Ryanair’s O’Leary issues fresh Brexit aviation warning
A fresh warning on the negative impact Brexit will have on aviation has been delivered by Ryanair boss Michael O’Leary. O’Leary has repeatedly claimed that flights between the UK and continental Europe are likely to be grounded in 2019 in the event of a failure to strike a Brexit deal. Ryanair has already started warning on passengers’ tickets of the risk that flights from April 1, 2019, could be cancelled. To keep his aircraft flying, O’Leary will need to demonstrate to regulators that a majority of his investors are EU citizens. At present, 56% of its shareholders are European, and within that about 20% are from the UK. He is examining a number of ways to give incentives to non-EU investors to dump Ryanair shares. The carrier already has a rule stating that any shareholders based outside the EU can sell stock only to European investors. <br/>
