Ryanair hopes to secure UK AOC by the end of 2018
Ryanair is continuing to plan for a “hard Brexit,” by limiting the voting rights of non-EU shareholders and setting up a UK air operator’s certificate, which should be granted by the end of 2018. “We remain concerned about the prospect of a hard Brexit. If there isn’t a hard Brexit—if there’s an extensive or long transition period—that suits us fine, but I think we must prepare for a hard Brexit, in either March 2019, or in Jan 2021,” Ryanair CE Michael O’Leary said. O’Leary said he is “cautiously optimistic” that an 18-month transition period will be agreed from March 2019 through to the end of 2020, where the rules effectively remain the same, but in the meantime Ryanair will seek to restrict the voting rights of non-EU shareholders to comply with EU ownership and control restrictions. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-05-28/unaligned/ryanair-hopes-to-secure-uk-aoc-by-the-end-of-2018
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Ryanair hopes to secure UK AOC by the end of 2018
Ryanair is continuing to plan for a “hard Brexit,” by limiting the voting rights of non-EU shareholders and setting up a UK air operator’s certificate, which should be granted by the end of 2018. “We remain concerned about the prospect of a hard Brexit. If there isn’t a hard Brexit—if there’s an extensive or long transition period—that suits us fine, but I think we must prepare for a hard Brexit, in either March 2019, or in Jan 2021,” Ryanair CE Michael O’Leary said. O’Leary said he is “cautiously optimistic” that an 18-month transition period will be agreed from March 2019 through to the end of 2020, where the rules effectively remain the same, but in the meantime Ryanair will seek to restrict the voting rights of non-EU shareholders to comply with EU ownership and control restrictions. <br/>
