Tag: Brexit

Thousands Stranded: flybmi Ceases Operations

Reading Time: < 1 minute East Midlands, U.K. – based low-cost carrier flybmi has filed for administration, citing ‘Brexit uncertainty’ as a principal reason for the company’s demise, along with spiking “fuel and carbon costs.” The airline ceased trading on Saturday, cancelling all flights without warning and leaving thousands of holidaymakers stranded. According to a flybmi spokesperson: “The airline has […]

British Airways Owner Stops Selling Shares to Non-EU Investors

Reading Time: < 1 minute IAG, the owner of British Airways, announced that it stops selling its shares to non-EU investors. Under the EU rules, at least 50% of an airline’s stock must be EU-owned. Currently, the amount of shares owned by non-EU investors in the IAG reaches 47.5 per cent. IAG Group includes 5 airlines: Aer Lingus, British Airways, Iberia, […]

“No Deal” Brexit Endangers Future Air Connectivity

Reading Time: < 1 minute The International Air Transport Association (IATA) said that, although most passengers’ flights will go ahead despite the decision of UK Members of Parliament to reject the UK-EU Brexit agreement, there remains uncertainty for both travelers and airlines about post-Brexit air connectivity. A ‘no deal’ Brexit could lead to a cap on flights that will stunt […]

Will Brexit Impact the Private Aviation Industry?

Reading Time: 2 minutes With Brexit due to finally come to a climax in March, industries throughout the UK are starting to worry about the impact it’s going to have. There has been a lot of uncertainty over whether a deal will be reached, and if not, how that could affect the UK economy. One sector which could be […]

Ryanair: Post-Brexit Flights Secured

Reading Time: < 1 minute Ryanair, an Irish low-cost carrier, is intensively preparing for as smooth transition of its operations as possible after Brexit goes into effect in March 2019. On 3rd January the airline confirmed that Ryanair UK was issued an Air Operator’s Certificate (AOC) by the UK CAA. This way the airline will be able to operate domestic […]

IATA Outlines Urgent Priorities to Minimize Brexit Impacts

Reading Time: 2 minutes The International Air Transport Association (IATA) has called for urgent action by the UK and the European Union to put in place contingency planning for the continuation of air services in the event of a ‘no-deal Brexit’. Intention is to move much faster and to bring certainty to three critical air transport issues: the uninterrupted […]

UK Flights to Europe Can Face Problems Already in March 2019

Reading Time: < 1 minute The UK government has laid bare how Europe-bound flights from the UK could be grounded in the event of a no-deal Brexit in March 2019. The government published new documents on Monday explaining that if it is unable to reach a comprehensive Brexit deal with its European Union counterparts, UK-based airlines would have to seek […]

Ryanair Seeks UK Operating Permit in Brexit Move

Reading Time: < 1 minute Ireland-based LCC Ryanair has applied for a UK air operator’s certificate (AOC), to guard against the possibility of the UK’s 2019 exit from the European Union (EU) leading to a rupture of air links between the UK and the 27-nation bloc. Ryanair CEO Michael O’Leary has repeatedly voiced concerns that a “hard Brexit”—one where negotiations […]

EU Warns Airlines About Post-Brexit Access

Reading Time: < 1 minute Senior EU officials fear that the airline industry is “in denial” about the potential implications of Brexit, reports The Guardian today. Of chief concern is certain airlines’ continued ability to operate flights between member states once Britain leaves the EU. To do so, carriers must have a “significant” base within the EU and be majority-owned […]

Ryanair May Abandon UK Domestic Market On Brexit

Reading Time: < 1 minute Ryanair could abandon the UK domestic market following Brexit the Irish LCC’s Chief Financial Officer (CFO), Neil Sorahan, has told Bloomberg. Speaking a day after Prime Minister Teresa May confirmed the United Kingdom would be leaving the European Single Market, and by extension the European Single Aviation Market, Sorahan said the anticipated need for a […]