Thomas Cook Airlines boss hopes for Brexit transition period

Thomas Cook Airlines believes a transition period following Britain's exit from the EU is important to allow time to clarify new rules regarding flying rights, ownership and safety regulations, an executive said. "The clock is ticking," Christoph Debus, head of the travel group's airline business, said. "Brexit is coming in March 2019 and we are already selling tickets for summer 2019." British airlines currently have unlimited flying rights to, from and within the EU as part of an EU's single aviation market. Carriers must be majority EU-owned to exercise those rights. After Brexit, it is not clear what agreements will govern flying rights between Britain and the remaining EU countries. "I believe that there will be a solution, but the question is how quickly," Debus said, saying a 2-year transition period would be desirable. <br/>
Reuters
https://www.nytimes.com/reuters/2018/03/08/business/08reuters-britain-eu-thomas-cook-grp.html
3/8/18