HALISTER: EU Tells U.K. Airlines to Relocate, Sell Shares: Guardian

EU Tells U.K. Airlines to Relocate, Sell Shares: Guardian

(Bloomberg) -- EU officials told airlines incl. EasyJet, British Airways to relocate headquarters to continental Europe, sell shares to European nationals to retain operations after Brexit, Guardian newspaper reports without saying where it obtained the information.
  • Carriers must have “significant base on EU territory” to keep intra-EU routes
  • EasyJet, IAG, Ryanair, TUI met with EU’s Brexit team last week
  • NOTE Mar. 21: Brexit May Constrain Air Transport Expansion, Trade Group Says

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
IAG LN (International Consolidated Airlines Group SA)
EZJ LN (easyJet PLC)
RYA ID (Ryanair Holdings PLC)
TUI LN (TUI AG)

Topics
Holding Decreases

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