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Home Business and Economics Business

Airbus CEO says chances of no-deal Brexit increasing

Airbus Chief Executive Guillaume Faury said on Wednesday there was a growing risk Britain would leave the European Union without a withdrawal deal in a way that could damage the aerospace firm’s performance next year. “We have been very clear on the potential negative consequences of a hard Brexit or no-deal Brexit. We see that […]

Joe Mellor by Joe Mellor
2019-06-19 10:15
in Business, News, Politics
credit;Reuters

credit;Reuters

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Airbus Chief Executive Guillaume Faury said on Wednesday there was a growing risk Britain would leave the European Union without a withdrawal deal in a way that could damage the aerospace firm’s performance next year.

“We have been very clear on the potential negative consequences of a hard Brexit or no-deal Brexit. We see that the likelihood of a no-deal Brexit is high and maybe growing,” Faury said at an investor meeting coinciding with the Paris Airshow, adding it was important Britain and the EU managed such a scenario smoothly.

credit;Reuters

“If we have an inappropriate and poorly-managed no-deal Brexit by the end of October … this could impact the start of 2020.”

No-deal Brexit chills send pound to a five-month low vs euro

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