THE GUARDIAN today is running a big story on the woes airlines will face after Brexit. According to the paper, European carriers have been told in private meetings with European Union officials not to expect the aviation industry to be given special treatment in negotiations over Britain leaving the union. That would mean that Britain will probably fall out of the European single aviation market, the agreement that allows any airline in the region to fly whatever route it pleases. That deregulation has brought about nothing less than a revolution for European travellers, who can now fly to hundreds of destinations across the continent, often for peanuts.
Unless Britain can negotiate a comprehensive new air agreement, leaving the market will mean that airlines headquartered in Britain, such as easyJet, will have to set up a separate European arm if they want to continue to operate routes within the remaining 27 EU countries. Rules on foreign ownership, which state that to fly within the union airlines must be majority EU owned, will also affect firms that are not based…Continue reading