Airbus warns UK government no-deal Brexit could see This kind of leave

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

Airbus Warns UK Government No-deal Brexit Could See This Kind Of Leave

This kind of states that will the UK exiting the EU next year without a deal – therefore leaving both the single market in addition to also customs union immediately in addition to also without any agreed transition – could lead to severe disruption in addition to also interruption of UK production.

Airbus Warns UK Government No-deal Brexit Could See This Kind Of Leave

This kind of scenario could force Airbus to reconsider its investments inside UK, in addition to also its long-term footprint inside country, severely undermining UK efforts to keep a competitive in addition to also innovative aerospace industry, developing high value jobs in addition to also competences, the manufacturing giant said.

Airbus Warns UK Government No-deal Brexit Could See This Kind Of Leave

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

Airbus Warns UK Government No-deal Brexit Could See This Kind Of Leave

At the same time, This kind of is usually 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 This Kind Of Leave

In This kind of scenario, Airbus could carefully monitor any brand-new investments inside UK in addition to also refrain coming from 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 in addition to also Airbus in particular.

“Therefore, immediate mitigation measures could need to be accelerated.

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

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

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

“Far coming from Project Fear, This kind of is usually a dawning reality for Airbus.

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

Read the full report here.

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Airbus is usually a global leader in aeronautics, space in addition to also related services.

In 2017 This kind of generated revenues of €59 billion restated for IFRS 15 in addition to also employed a workforce of around 129,000.

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

Airbus warns UK government no-deal Brexit could see This kind of leave

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