EasyJet to establish Austrian HQ to run EU flights after Brexit


Airline company still deals with legal unpredictability about whether it will have the ability to fly in between the UK and EU, and on exactly what terms

EasyJet is to open a brand-new European head office in Austria to allow it to continue to run flights within the EU after Brexit.

The airline company stated it meant to develop a brand-new airline company, easyJet Europe, which would be locateded in Vienna.

The provider has been looking for a brand-new operating licence from an EU nation while unpredictability hangs over its business. Without the Austrian licence, easyJet would be not able to continue flights in between other EU nations.

The restructuring of business, which will include the re-registering of 110 airplane under Austrian jurisdiction, is anticipated to cost at least ₤ 10m– although the total expenses of Brexit to the airline company have run much greater, with currency decline alone striking earnings by ₤ 88m in 2016 and ₤ 82m in the very first half of this year.

EasyJet still deals with legal unpredictability over whether it will have the ability to fly in between the UK and Europe, and on exactly what terms, after Brexit. Ryanair duplicated its cautions to the European parliament today that there was a genuine possibility of no flights running in between the EU and UK for a duration in 2019.

EasyJet stated it was continuing to promote arbitrators “to reach an air travel arrangement which at a minimum will make it possible for flights in between the UK and EU”.

The company stated the Vienna move would make it a pan-European air travel group– with 3 airline companies based in Austria, Switzerland and the UK– that would be managed by easyJet plc, which would stay noted on the London Stock Exchange.

EasyJet, which utilizes 4,000 staff, stated the move would not impact UK tasks– its 1,000 workers in Britain would continue to be based in Luton and its 11 other bases throughout the nation.