European Union officials have warned airlines based in the UK that they will need to relocate their headquarters or sell off shares to European nationals if they want to continue flying routes within continental Europe after Brexit, the Guardian reports today.
Commenting, Owen Smith MP, leading supporter of Open Britain, said:
“The airline industry is one of the jewels in Britain’s economic crown, with world-famous companies based here supporting thousands of jobs.
“If airlines do have to move abroad after Brexit, and even come under European ownership, it will be a real blow to our economy and to holidaymakers.
“The Government needs to negotiate to keep Britain in the EU’s Open Skies policy, keep our airlines in Britain, and protect the thousands of jobs and millions of journeys that depend on them.”
Notes to editors: