Since 23 June 2016, the UK has been grappling with the potential impact of Brexit. Having initially been told that the aviation industry would not be afforded any special treatment, the government’s recent pronouncements have softened. In a recent debate on the issue, Parliamentary Under Secretary of State for Transport, Jesse Norman MP, highlighted that securing an agreement on aviation and EASA remains one of the government’s priorities, stating:
“This is a priority for us… we are seeking to secure an agreement that remains reciprocal and liberalized – I emphasise the word liberalized – aviation access between and within the territory of the UK and the EU alongside UK participation in the EASA system”.
The EU however may not share this view. We have been warned that “nothing is agreed until everything is agreed” and Violeta Bulc, the EU transport commissioner, unsympathetically recently stated that the risk of hard Brexit has been known for some time.
Even with a draft agreement having secured the backing of the Cabinet (despite the reservations of several ministers), it remains to be seen whether Parliament will back the deal or whether Theresa May will even remain in control, with talk of a vote of no-confidence. So, with the impending exit date of 29 March 2019, aerospace companies now have to prepare for the real possibility of a “no deal” Brexit.
But how does one plan for such a scenario when so many contingencies remain unresolved?
Click here to read the full article in which we attempt to highlight some of the key risks posed by a ‘no-deal’ Brexit, along with fundamental questions that businesses can ask themselves to help develop a Brexit plan.
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