All EU nationals currently working in the UK with mortgages etc will of course be given work permits because it is Britain voting for the Brexit. This of course will not be reciprocated because no individual EU nation requires British Pilots. A British Pilot voting out is the proverbial Turkey voting for Christmas.

No, I am not 9, are you?

@Mr Angry you are probably right, why do I worry about it. If they wanna leave, then leave. Who cares.

I think "horsebox" might usefully have quoted clause 4 of article 50 of the Lisbon Treaty, for that is the killer.

4. For the purposes of paragraphs 2 and 3, the member of the European Council or of the Council representing the withdrawing Member State shall not participate in the discussions of the European Council or Council or in decisions concerning it.

Let's never forget that DHK is above all a political animal, created with the intention of never having to rely on a single AOC for European lift. As such, should a Brexit result in UK based airlines losing their free and unhindered access to intra-EU flying, a UK AOC would no longer fulfil it's main objective.

My guess would be a transfer of assets to an EU based AOC. It will not be German, however, EAT Belgium might be revived for that purpose - they're building a brand new hub there as well. UK nationals without the right to work in the EU will, obviously, be adversely affected by such a move. The EMA hub might very well continue to operate, but on which scale will largely depend on what kind of customs deal the UK can land with the EU.