Quote....But of course, both areas can dry lease without any restriction from each other area, so there might be D-registered aircraft flying with UK licensed crew within the UK, and G-registered aircraft with EU licensed crew in Germany for example. I have no idea how DHL UK currently operates, but it could be interesting how it works within the confines of the TCA.
If then, as a cargo operator you can dry lease in and out and operate an EASA reg aircraft on a UK licence, then it seems it matters very little what the TCA says anyway.
Still seems a precarious way to run a large business. I know for a fact the French impounded a G-Reg cargo airframe that was operating point to point in France, and this was before Brexit. Cost an exuberant fee to settle too....Be amazed if they weren’t waiting to pounce again.
So yes, it may well prove to be very interesting....