IAG CE dismisses Brexit ownership concerns
The CE of IAG has denied the company will face any ownership issues as a result of Brexit, while dismissing as “nonsense” the spectre of a disruption to transatlantic flights. Willie Walsh said there would be no impact on the airline from Brexit since the UK govt would manage to agree an open skies deal with the EU and renegotiate a bilateral aviation pact with the US. His remarks came in response to a Financial Times report that the airline was facing a crunch due to EU ownership rules which state European airlines must be controlled by European citizens after Brexit. IAG is facing a battle to clear the EU’s 50% ownership threshold to avoid losing its European operating rights after Brexit, when UK nationals are no longer counted. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-03-07/oneworld/iag-ce-dismisses-brexit-ownership-concerns
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IAG CE dismisses Brexit ownership concerns
The CE of IAG has denied the company will face any ownership issues as a result of Brexit, while dismissing as “nonsense” the spectre of a disruption to transatlantic flights. Willie Walsh said there would be no impact on the airline from Brexit since the UK govt would manage to agree an open skies deal with the EU and renegotiate a bilateral aviation pact with the US. His remarks came in response to a Financial Times report that the airline was facing a crunch due to EU ownership rules which state European airlines must be controlled by European citizens after Brexit. IAG is facing a battle to clear the EU’s 50% ownership threshold to avoid losing its European operating rights after Brexit, when UK nationals are no longer counted. <br/>
