Easyjet brexit
Joined: May 2011
Posts: 426
Likes: 7
From: Dubai
I don't think that it is that clear cut.
Norway is a member of the EEA which buys it the right to the deregulation within the EU. The UK on Brexit would not be in either the EU or EEA. EEA and all trade deals would have to be negotiated. There is absolutely no reason whatsover for EU governments to allow a non EU airline rights to compete with EU or EEA airlines.
Brexit is actually a very foolish idea unless you're a banker whose missing his bonus.
Norway is a member of the EEA which buys it the right to the deregulation within the EU. The UK on Brexit would not be in either the EU or EEA. EEA and all trade deals would have to be negotiated. There is absolutely no reason whatsover for EU governments to allow a non EU airline rights to compete with EU or EEA airlines.
Brexit is actually a very foolish idea unless you're a banker whose missing his bonus.
Joined: Feb 2015
Posts: 2
Likes: 0
From: Europe
Wrong! It would change a lot and would be a real issue, hence why the CEO of easyJet is clearly against the UK leaving the EU.
Comparison with Norwegian is inaccurate. Norway is not part of the EU as we normally refer to, however it is part of the EEA (European Economic Area) and also part of something the UK has always opposed: Schengen Area.
So in some ways Norway is currently more integrated to the EU than the UK!
The threat is not to be like Norway, it is to change things that have taken time and cost to establish.
If the Uk was to leave the EU it would have to re-negotiate its agreements with member states: part of EASA or not? part of EEA or not? etc…,
Companies like easyJet would have to make costly adjustments like possibly: a new AOC, different A/C registrations, different ruling authorities is some areas, new approvals… and obviously hire staff for transition and implementation.
Clearly easyJet would be at a disadvantage, even if only for a limited amount of time, it will be enough for competitors to cease opportunities (Ryanair, Norwegian, Eurowings …).
It would also create uncertainty, and that is not what shareholders want…
Comparison with Norwegian is inaccurate. Norway is not part of the EU as we normally refer to, however it is part of the EEA (European Economic Area) and also part of something the UK has always opposed: Schengen Area.
So in some ways Norway is currently more integrated to the EU than the UK!
The threat is not to be like Norway, it is to change things that have taken time and cost to establish.
If the Uk was to leave the EU it would have to re-negotiate its agreements with member states: part of EASA or not? part of EEA or not? etc…,
Companies like easyJet would have to make costly adjustments like possibly: a new AOC, different A/C registrations, different ruling authorities is some areas, new approvals… and obviously hire staff for transition and implementation.
Clearly easyJet would be at a disadvantage, even if only for a limited amount of time, it will be enough for competitors to cease opportunities (Ryanair, Norwegian, Eurowings …).
It would also create uncertainty, and that is not what shareholders want…
Joined: Jan 2000
Posts: 860
Likes: 0
From: FL410
A brexit could have very far reaching effects on the entire industry, especially LoCo land.
Think of the Irish price fighter saying EI-registered aircraft in UK bases, some of its staff employed on UK contracts.
Or the Orange machine, flying G-registered aircraft in non-UK bases, their staff on EU contracts doing so (exception to its Swiss outfit of course).
Maybe nothing changes, grandfather rights, EASA compliance continued, etc, but can we all be sure of that?
Think of the Irish price fighter saying EI-registered aircraft in UK bases, some of its staff employed on UK contracts.
Or the Orange machine, flying G-registered aircraft in non-UK bases, their staff on EU contracts doing so (exception to its Swiss outfit of course).
Maybe nothing changes, grandfather rights, EASA compliance continued, etc, but can we all be sure of that?
Joined: Sep 2005
Posts: 25
Likes: 1
From: UK, Paris, Peckham, New York
Imagine all the European crews in the UK bases...would they be allowed to stay?!
Could be a ticket home for the Brits on tour!
Would be his worst nightmRe, bases full of Brits collaborating and plotting......!
Could be a ticket home for the Brits on tour!
Would be his worst nightmRe, bases full of Brits collaborating and plotting......!
Joined: Jan 2002
Posts: 459
Likes: 1
From: Philippines
Sounds like it would be a great opportunity for France, Spain and Germany to really shaft the UK and curtail airline operations within the EU.
I've always been in favour of the Commonwealth, but exiting the EU in this day and age is, in my opinion, a retrograde step in spite of my personal feeling to the contrary.
I always feel, when I'm on holiday in Europe, and look at the UK as an outsider looking in that things aren't all they ought to be. We are isolated and whilst it's fine to look to the West and the US, the reality is that we exist and operate within Europe.
I'll vote 'yes' to remaining within the EU in spite of our history dictating the contrary.
The future's bright, but not in isolation ...
I've always been in favour of the Commonwealth, but exiting the EU in this day and age is, in my opinion, a retrograde step in spite of my personal feeling to the contrary.
I always feel, when I'm on holiday in Europe, and look at the UK as an outsider looking in that things aren't all they ought to be. We are isolated and whilst it's fine to look to the West and the US, the reality is that we exist and operate within Europe.
I'll vote 'yes' to remaining within the EU in spite of our history dictating the contrary.
The future's bright, but not in isolation ...
Joined: May 2011
Posts: 426
Likes: 7
From: Dubai
Rex: That's irrelevent, of course UK Airlines will be able to fly from the UK with tourists, as they always have.
The question is will Easyjet have the freedom to operate intra EU or domestic within the EU after Brexit. Of course not.
The question is will Easyjet have the freedom to operate intra EU or domestic within the EU after Brexit. Of course not.
Joined: Feb 2005
Posts: 995
Likes: 103
From: Botswana
Kungfu Panda all they'll do is construct an EU based holding company (easyJet Europe holdings LLC for instance) which buys the shares of the existing company and now owns the pan European operation with a new AOC. Job done. The change will be that easyJet will technically no longer be a "British" Airline but will operate to all intents and purposes exactly the same. Not hard at all to get around these things.
Joined: Aug 2007
Posts: 639
Likes: 0
From: West Yorkshire
The Europeans will certainly do a deal on trade of all sorts.We will still have access to the single market etc and in many ways little will change. why?..because they export massively to the UK, its a market, they admit, they cannot afford to lose.Money, of whatever type, talks and no more so in this case. Kungfu..I think you might have been in China too long old chap..
Joined: Sep 2005
Posts: 25
Likes: 1
From: UK, Paris, Peckham, New York
Any company worth its salt will already have plan a, b, and c specc'ed up and ready to go.
My money is on a big landslide to leave. The pollsters are saying it is closer than it is.
My money is on a big landslide to leave. The pollsters are saying it is closer than it is.
Joined: Feb 2000
Posts: 104
Likes: 0
From: London, UK
Assuming that the UK can negotiate the trade deal it wants in the event of exit is naive. This isn't about what's economically sensible (for either the UK or the other EU states). It's about politics and history and emotion.
Should the UK vote to leave, there are many many politicians around Europe who will want to punish the UK (even if it causes some harm to their own economy) - as much as anything as a warning to any other potential waiverers across Europe about the consequences of leaving.
If we decide to leave, this would be the most painful and disruptive divorce imaginable.
Should the UK vote to leave, there are many many politicians around Europe who will want to punish the UK (even if it causes some harm to their own economy) - as much as anything as a warning to any other potential waiverers across Europe about the consequences of leaving.
If we decide to leave, this would be the most painful and disruptive divorce imaginable.