EasyJet develops brand-new airline company for post-Brexit

EasyJet is producing a brand-new airline company so it can continue flying in the European Union after Brexit.

It has actually obtained a brand-new air operator certificate in Austria at an expense of 10 million ($ A17 million).

The spending plan airline company stated the application procedure was ‘well advanced’ and it intended to get the accreditation ‘in the future’.

It will enable the affordable provider to develop easyJetEurope, which will have its head office in the Austrian capital Vienna.

Since the 1990s, EU airline companies have actually been totally free to fly in between any 2 points in Europe.

This is preparing for a worst case situation must Britain cannot work out the exact same air travel flexibilities it presently delights in as a member of the EU.

The company stated the move would make it possible for the airline company to run flights both throughout Europe and locally within Europe as soon as Britain exits the EU – ‘despite the result of talks on a future UK-EU air travel arrangement’.

The facility of the brand-new center will produce brand-new tasks in Austria, but the airline company asserted ‘no tasks will move from the UK to Austria’ which ‘absolutely nothing will change’ from the point of view of guests.

‘All of easyJet’s UK workers will continue to be based in Luton and our 11 UK bases and used as they are today,’ the company stated.

‘Given the value of air travel to all the economies of Europe as an enabler of trade, tourist and travel, we think it is necessary that the air travel market stays as open and competitive as possible.

‘ While the brand-new structure will safeguard all easyJet’s present flying rights within Europe, easyJet will continue to promote the UK and EU to reach an air travel arrangement which, at a minimum, will allow flights in between the UK and EU.’.

UK ministers have actually stated keeping ‘liberal gain access to’ to European air travel markets will be a ‘leading concern’ throughout the Brexit settlements which got under way in June.

Under present guidelines, airline companies running within the EU needs to be bulk owned by EU nationals.

EasyJet creator Sir Stelios Haji-Ioannou and his household hold Cypriot passports and own 33% of shares in business.

The company presently likewise has actually airline companies based in the UK and Switzerland.

All 3 airline companies will be owned by easyJet plc, which will be EU-owned and regulated, noted on the London Stock Exchange and based in the UK.

A Government spokesperson stated ministers were ‘dedicated to protecting liberal access to European air travel markets which has actually brought substantial advantages to customers throughout the EU’.