Saturday, May 25, 2019
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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.

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