UK airlines told to move to Europe

EU officials warn airlines they may lose routes
The fallout from the UK’s vote to leave the European Union continues to have big ramifications for the travel industry. Now EU officials are telling airlines such as easyJet, Ryanair and British Airways that they must relocate their headquarters and sell shares to people in continental Europe if they want to fly routes there.
In private meetings, executives at major carriers were told that to operate routes across the continent, for instance from Paris to Milan, they must have a significant base on EU territory, with a majority of their capital shares EU-owned.
This tough line from the EU may force the carriers to restructure. It may also encourage the UK to reciprocate, leaving EU airlines facing the same hard choices.
Airlines are hoping that the UK and the EU will make an early deal during negotiations after Britain triggers article 50, limiting damage to the industry.
The Guardian


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