Airbus warns UK government no-deal Brexit could see the item leave

Airbus has published a risk assessment outlining the “urgent risks” to its business arising via the UK exiting the European Union without a withdrawal agreement.

Airbus Warns UK Government No-deal Brexit Could See The Item Leave

the item states in which the UK exiting the EU next year without a deal – therefore leaving both the single market along with also customs union immediately along with also without any agreed transition – would certainly lead to severe disruption along with also interruption of UK production.

Airbus Warns UK Government No-deal Brexit Could See The Item Leave

This specific scenario would certainly force Airbus to reconsider its investments inside UK, along with also its long-term footprint inside country, severely undermining UK efforts to keep a competitive along with also innovative aerospace industry, developing high value jobs along with also competences, the manufacturing giant said.

Airbus Warns UK Government No-deal Brexit Could See The Item Leave

On the future trade relationship between the UK along with also EU, the memorandum makes clear in which while an orderly Brexit which has a withdrawal agreement is actually preferable to a no-deal scenario, the current planned transition (which ends in December 2020) is actually too short for the EU along with also UK Governments to agree the outstanding issues.

Airbus Warns UK Government No-deal Brexit Could See The Item Leave

At the same time, the item is actually too short for Airbus to implement the required improvements with its extensive supply chain, the company said.

Airbus Warns UK Government No-deal Brexit Could See The Item Leave

In This specific scenario, Airbus would certainly carefully monitor any completely new investments inside UK along with also refrain via extending the UK suppliers/partners base.

Tom Williams, chief operating officer of Airbus Commercial Aircraft, commented: “In any scenario, Brexit has severe negative consequences for the UK aerospace industry along with also Airbus in particular.

“Therefore, immediate mitigation measures would certainly need to be accelerated.

“While Airbus understands in which the political process must go on, as a responsible business we require immediate details on the pragmatic steps in which should be taken to operate competitively.

“Without these, Airbus believes in which the impacts on our UK operations could be significant.

“We have sought to highlight our concerns over the past 12 months, without success.

“Far via Project Fear, This specific is actually a dawning reality for Airbus.

“Put simply, a No Deal scenario directly threatens Airbus’ future inside UK.”

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Airbus is actually a global leader in aeronautics, space along with also related services.

In 2017 the item generated revenues of €59 billion restated for IFRS 15 along with also employed a workforce of around 129,000.

Airbus offers the most comprehensive range of passenger airliners via 100 to more than 0 seats.

Airbus warns UK government no-deal Brexit could see the item leave

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