Saturday, May 25, 2019
Home Business Airbus warns of a no-deal Brexit

Airbus warns of a no-deal Brexit

Airbus' new BelugaXL super-transporter aircraft will arrive for the first time on 14 February 2019 at the company's wing assembly plant in Broughton, Chester, UK

LONDON (Reuters) – Airbus said on Sunday it would have to make "difficult decisions" about future investments if Britain would topple without a deal from the European Union.

"There is no done No Deal, it is absolutely catastrophic for us," Vice President Katherine Bennett told BBC chief Andrew Marr.

"Some difficult decisions need to be made when there is no deal (…) and we need to look at future investments."

She said that Airbus has already spent "tens of millions of euros" preparing for Brexit, such as stocking parts and securing IT systems.

Reporting by Paul Sandle; Editing by Mark Potter

Our standards:The Thomson Reuters Trust Principles.



Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Must Read

Intrigenstadl: The Vienna State Opera is the heart of the capital

Wien - State Opera. This means a pair of concepts that is as inseparable as the Austrian metropolis and the waltz, the...

How Well Is Prince Harry Adjusting To Fatherhood?

It's been a busy few weeks for Prince Harry and Meghan Markle. Not only did the...

US President Donald Trump comes to Tokyo for high-level trade talks

US President Donald Trump has been tearing Japan over the trade imbalance between the US and Japan when he began a state visit to...

The resident of Ontario said he was "intimidated" by PM Doug Ford's voicemail

An Ontario man says he felt "intimidated" by Premier Doug Ford's voicemail and told him to be "careful" whom he...