Homepage / Currency / Why the spectre of a hard Brexit has European airlines so worried
Menyelami Dunia Slot Thailand: Keseruan dan Peluang Kemenangan Besar Menyelami Dunia Slot Thailand: Pengalaman Bermain yang Tak Terlupakan অনলাইনে স্লট মেশিন 2025 চালানোর সম্পূর্ণ নির্দেশিকা অনলাইনে স্লট 2025 চালানোর মোট ওভারভিউ Как активировать известные игровые слоты online на игровом портале комета казино Как загружать популярные виртуальные симуляторы в режиме онлайн в виртуальном клубе комета казино Призовые коды и поощрения для посетителей на платформе online 7k казино Подарочные коды и вознаграждения для пользователей в азартном заведении онлайн 7k казино Новые игровые слоты и режимы их загрузки на азартной площадке азино 777 официальный сайт Как в casino азино777 официальный сайт запускать видеослоты на реальные средства Zamanla test edilmişcasino büyük ikramiye ile: yüksek bir zarda nerede bahis oynayabilirsiniz Modernize edilmişcazino rekor nakit ödül ile: Max Bet’te nasıl oynanır En iyisi karlı makineler ödül seçenekleri web-kumarhanesinde AbeBet Tepe kumar slot makineleri Kazanan turlar bir kumar kaynağında Abe Bet casino Yatırım Şartsız Deneme Bonusları ile Hızlı Başlangıç Yapın Onwin Güncel Giriş Online Spor Bahis Siteleri 8359 onwin giriş Güncel Bonusları 1518 grandpashabet giriş Limelight ahead 5 The Majority Of Sought-After Classifications at JeetBuzz 1Win Sports Betting and Casino Official Site Login 1WIN casino official website of the bookmaker, slots, gaming machines 1win: Sitio web oficial del Casino y Casa de Apuestas 2024, Apuestas Deportivas en Línea, Inicio de sesión de 1win 1Win Apuestas Deportivas y Casino Online Bono 500% 1Win Apuestas Deportivas y Casino Online Bono 500% 1win: Sitio web oficial del Casino y Casa de Apuestas 2024, Apuestas Deportivas en Línea, Inicio de sesión de 1win Casino 1Win Argentina Reseña: Todo lo que necesitas saber sobre usabilidad y registro 1win: Sitio web oficial del Casino y Casa de Apuestas 2024, Apuestas Deportivas en Línea, Inicio de sesión de 1win Mines evaluation 1WIN casino official website of the bookmaker, slots, gaming machines 1win App Download 2025 1win apk & iOS download info! The Rise of TrumpCoin: A 2025 Digital Gold Rush 1WIN Sitio web oficial de Apuestas y Casino en línea Bonificación por inscripción $5000 1WIN bet cassino site oficial, slots, jogos de azar, apostas 1WIN bet cassino site oficial, slots, jogos de azar, apostas test-g Ghostwriting: Was ist erlaubt? 1WIN bet cassino site oficial, slots, jogos de azar, apostas Espejos acceso alternativo a los sitio Muchas personas se hacen ahora esta pregunta 10 Mejores Casinos Online en España Guía Actualizada 2025 Start meeting horny girls now – sign up today Find local adult chat sites and relate solely to fun singles generative ai course 1WIN Sitio web oficial de Apuestas y Casino en línea Bonificación por inscripción $5000 1Win Uruguay: Apuestas Deportivas y Casino Oficial The simplest way to meet up sexy women Bahis Sitelerinde Üyelik Bonusu Nasıl Alınır? Find an ideal match with lonely housewife hookup website Master the art of online dirty talk Yeni Başlayanlar İçin En İyi Bahis Siteleri ve Promosyonlar Casino Sitelerinde Hangi Bonuslar Daha Avantajlı? Deneme Bonusları ile Slot Oyunları: Oynamak İçin En İyi Siteler Experience a fantastic and unique option to satisfy brand new people Adjustment in Marriage: 10 Techniques For Newly Married Couples Güncel Bahis Siteleri: Bonus Fırsatları ve Yenilikler 2025’ün En İyi Bahis Stratejileri: Yüksek Oranlarla Kazanma Deneme Bonuslarıyla Oyunları Keşfet: En İyi Siteler Güncel Deneme Bonusları: Hangi Sitelerde Mevcut? Enjoy the greatest adult fuckbook experience now Mature bbw lesbians – find love utilizing the right partner เว็บพนัน ออนไลน์ จับกลางกรุง! บุกทลายฐานเว็บพนันชาวไต้หวันรายใหญ่ เงินหมุนเวียน 500 ล้าน ปี Panduan Lengkap Bermain Slot Online: Strategi & Tips Terbaik Deneme Bonusu ile Ücretsiz Oyun Oynayın Boy Names: Top 1,000 Baby Boy Names in the U S. for 2024 List of most popular given names Wikipedia Mobile Gaming in the UK: Trends, Regulations, and Future Leads Start dating hot moms today – it’s easier than you think Define generative ai 14 Define generative ai 14 How to find the right online gay dating website for you Home Superclones watches Exploring Super Clone Watches: Quality, Accuracy, and Affordability Join the most effective bbw milf dating site today En İyi Bahis Siteleri İçin Seçim Yaparken Nelere Dikkat Edilmeli? At this point, and yet very near | Life and magnificence | Trusted Casino Hellspin Review Leading Online Casino Hellspin Evaluation Mostbet App: Download Mostbet apk for Android & iOS 2024 Ігрові Автомати з Виводом Грошей на Карту ️ Онлайн Ігри на Гривні в Українікращі азартні ігри на гроші з виводом на карту2024-01-08 Taya365 online casino login Tips for conference and dating other bisexual men How to get the right bi partner Exploring the Prospering World of Online Casinos in the UK Meet hot singles and luxuriate in flirty chatting Bahis Siteleri: En İyi Bonuslar ve Promosyonlar Situs Slot Hari Ini Terbaik dan Terpercaya Tahun Ini, Gampang Menang Güvenilir Bonus Veren Siteler ve Detaylı İncelemeler Güncel Giriş, Güvenilir Adres VOX Casino: VOXCasino Promo Code 2025 Get to learn other old gay men inside area Slot Min Depo 10K Terbaik dan Paling Direkomendasi Tahun Ini: Gampang Menang! Scatter Hitam Terbaik dan Paling Direkomendasi Tahun Ini: Gampang Menang! Top 10 Online Casinos in Deutschland Januar 2025 Get ready to unleash your wildest fantasies Ücretsiz Oyun Deneyimi: Deneme Bonuslarıyla Risk Almadan Kazan Bonuslarla Bahis Keyfini Katlamanın Yöntemleri 2025’te Bahis Oynayarak Kazanç Sağlamanın Yolları Freespin Veren Casino Siteleri ile Daha Fazla Eğlenin Casino Sitelerinde En İyi Bonuslar Nerede? The Ultimate Guide to Free Spins BC.Game Mirror – Discover All Current Mirrors Find regional women seeking intimate encounters Elitecasino’a Katýlým saðlayarak, Hýzla 800 TL Bonus Ýmkaný Kazanýn!

Currency

Why the spectre of a hard Brexit has European airlines so worried

PILOTS are taught that a too-hard landing is better than a too-soft one. A plane can absorb more shocks than one might think, but a runway is only so long. But when it comes to Brexit Britain’s government seems to differ. And as the deadline for Britain’s secession from the European Union approaches, the spectre of a hard Brexit has some airlines scrambling. For carriers with big operations in Britain, the terms of Brexit cannot be cushioned enough.

Of most concern is that a hard Brexit will involve Britain leaving the European Common Aviation Area. Europe’s open skies fall under the jurisdiction of the European Court of Justice, whose yoke the country must be free from, insists Theresa May, Britain’s prime minister. That in turn would bring into question the right of British carriers to fly routes within the EU. The most pessimistic within the industry, including Michael O’Leary, the boss of Ryanair, say that unless a new bilateral agreement is agreed, there is a real prospect that flights between Britain and the continent will be halted altogether in March 2019.

  • Theresa May celebrates one lonely year in Downing Street

  • Why the spectre of a hard Brexit has European airlines worried

  • “Spider-Man: Homecoming” feels underdeveloped

  • Trumpcare, version three

  • Turkey has arrested Amnesty International’s local director

  • The axis between Russian Orthodox and American evangelicals is intact

No wonder British carriers are worried. Under European law, airlines can only fly routes within the EU if they are majority EU-owned. But airlines that are partly in British hands may cease to be “EU-owned” after Britain leaves the club. That makes life complicated for operators such as IAG, which owns several European carriers including Iberia (as well as a soon-to-be ex-EU one, British Airways). Willie Walsh, IAG’s boss, has asked the EU to relax its ownership rules, which the firm calls “arcane”. Otherwise IAG might face a choice between buying back shares from non-EU shareholders (including British ones), or breaking up the group. Some insiders suggest that the continent’s other big long-haul airlines, Air-France/KLM and Lufthansa, are quietly lobbying for the EU to retain a tough stance, and so nobble the competition.

EasyJet, another British airline, is not prepared to sit around hoping. Europe’s second-biggest budget airline is so worried about the prospect of Brexit without an aviation deal that it is to set up a subsidiary in Austria, it revealed on July 14th. The carrier is planning to re-register 110 of its planes in the country. Ryanair thinks it is less exposed. A significant proportion of the Irish carrier’s shares are owned by Britons, though probably not enough to put its EU status at risk. And although London Stansted is by far Ryanair’s biggest base, it flies few domestic routes in Britain, meaning setting up a British subsidiary is not so pressing. Mr O’Leary says he is on standby to shift operations from Britain to Europe if need be.

As with much else in the Brexit negotiations, Britain’s problem is that it holds the weaker hand. As Gulliver reported in a post in March:

More than half of the passengers handled by British airports are flying to or from the rest of the EU, while just 1 in 10 passengers handled by EU27 airports are flying to or from Britain…Air travel to the rest of the EU supports 270,000 British jobs and is associated with €15.4bn ($16.6bn) of the country’s GDP. (The equivalent figures for the EU27 are comparable in absolute terms, but as a proportion of the total they are much less significant because the rest of Europe is a much bigger market.)

Still, there is reason to hope that a comprehensive deal, or at least a transitional one, will be in place by March 2019. Many EU countries do nicely out of British tourists, who particularly enjoy trips to the warmer parts of the continent. Britons make up the largest proportion of visitors to Spain, for example, and the second-largest to France. For EU governments to jeopardise this boost to the economy, even to placate creaking European flag-carriers, would be an act of considerable self-harm. 

Source: economist
Why the spectre of a hard Brexit has European airlines so worried

Comments are closed.