Airbus warns of no-deal Brexit, says spent tens of millions preparing


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Airbus warns of no-deal Brexit, says spent tens of millions preparing

In the face of a sclerotic Brexit with less than 40 days remaining to the deadline, signs of a no-deal Brexit appeared to become more prominent. However, on Sunday, the 17th of February, 2019, Airbus said that they might have to make difficult decisions about future investments in the United Kingdom if UK decided to brush aside the EU legislation and broke out of EU without a deal.

The planemaker had also added that they had already spent tens of millions of euros in preparing for a no-deal Brexit. In an interview the BBC, the senior vice president of Airbus, Katherine Bennett said, “There is no such thing as a managed ‘no deal’, it’s absolutely catastrophic for us.

Some difficult decisions will have to made if there’s no-deal (...) we will have to look at future investments. ” She also added that the Airbus had already spent “tens of millions of euros” over the preparation of a Brexit, such as securing the IT system and stockpiling parts, since UK would be barred to do business with EU nations following a no-deal Brexit.

More crucially, while other prominent euro nations such as Italy had been considering to leave EU in the wake of meddling on domestic budget, EU commission could have been trying to make an example out of UK, if Britain divorces EU without any deal, several analysts suggested after another defeat of PM May’s Brexit deal last week in the UK House of Commons.