(MENAFN) Airbus has threatened to cease its operations in the UK if there was no Brexit deal in the exit of the EU single market and customs union.
The European planemaker stated "U.K. exiting the EU next year without a deal - therefore leaving both the single market and customs union immediately and without any agreed transition - would lead to severe disruption and interruption of U.K. production."
In its statement on its website, Airbus noted "this scenario would force Airbus to reconsider its investments in the U.K., and its long-term footprint in the country, severely undermining U.K. efforts to keep a competitive and innovative aerospace industry, developing high value jobs and competences."
Co-officer of Airbus Commercial Aircraft Tom Williams added "in any scenario, Brexit has severe negative consequences for the U.K. aerospace industry and Airbus in particular. Therefore, immediate mitigation measures would need to be accelerated."
MENAFN2406201800450000ID1097062888
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.