Aviation industry braces for Brexit with CEOs divided on fallout
The industry's chief executive officers are divided when it comes to Brexit. At one extreme are dire flight-cancellation warnings by Ryanair's Michael O'Leary, and at the other is nonchalance by his counterpart at British Airways, Willie Walsh. "It's about jockeying for position in the market and potentially gaining an advantage over competitors as the future relationship between the UK and the EU is worked out," said an analyst. O'Leary said a stalemate in the Brexit negotiations points to serious disruptions for airlines. He cited two particular challenges: keeping planes flying between the UK. and the EU and preventing the bloc's 49% limit on foreign ownership of carriers from affecting operators in Europe. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-03-14/general/aviation-industry-braces-for-brexit-with-ceos-divided-on-fallout
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Aviation industry braces for Brexit with CEOs divided on fallout
The industry's chief executive officers are divided when it comes to Brexit. At one extreme are dire flight-cancellation warnings by Ryanair's Michael O'Leary, and at the other is nonchalance by his counterpart at British Airways, Willie Walsh. "It's about jockeying for position in the market and potentially gaining an advantage over competitors as the future relationship between the UK and the EU is worked out," said an analyst. O'Leary said a stalemate in the Brexit negotiations points to serious disruptions for airlines. He cited two particular challenges: keeping planes flying between the UK. and the EU and preventing the bloc's 49% limit on foreign ownership of carriers from affecting operators in Europe. <br/>
