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Airbus warns of "catastrophic" Brexit – POLITICO



The company has spent tens of millions of euros in preparation for the UK's exit from the EU

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"There is no such thing as a ruled" no deal, "it is absolutely catastrophic for us," said Airbus senior vice president Catherine Bennett in front of Andrew Mar's show. 1

9659008] "Some tough decisions need to be taken if there is no deal … We will have to look at future investments," she added.

Airbus hires 14,000 people in the UK. Bennett said "there are many other countries that love the aerospace environment."

She said the company has already spent "tens of millions of euros" on Brexit's preparations, including a "no deal" scenario, by storing parts, providing IT systems and defining future arrangements for workers.

The company has outstanding orders for 9,000 aircraft, says Bennett, which means it will be "many, many years" before UK officials are affected in case the company decides to move.



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