Saturday, 23 September, 2017

EasyJet to start new airline to ensure European Union flights continue after Brexit

The airline wants to be cleared for take-off across the EU The airline wants to be cleared for take-off across the EU
Preston Stone | 15 July, 2017, 02:04

The budget airline must have a licence and an air operator's certificate (AOC) in an European Union member to allow it to continue flying between and within European Union countries after Brexit.

The budget airline said the new company will be called easyJet Europe and will be based in Vienna, while the people and planes that will fly for new carrier are already employed and based in EU27 countries.

Passengers board an airplane of low cost carrier easyjet in Belfast, Northern Ireland, Britain, 19 June 2013.

"The accreditation process is now well-advanced and EasyJet hopes to receive the AOC and licence in the near future", it says.

The parent company - easyJet PLC - will retain its London Stock Exchange listing and its Luton headquarters. So far in 2017, the carrier has transported 1 million passengers from four airports in Austria to 20 European destinations.

Indian shares pause after record rally; TCS slides
The benchmark equity indices rose by around 2 per cent for the week, their biggest weekly gain since mid-March, Reuters reported. The Sensex ended in red, down 0.05% at 32,020.75 points and the broader Nifty 50 too closed down 0.05% at 9,886.35 points.

There has been growing concern among airlines that a new deal, which would replicate current arrangements allowing flights between EU states, might not be replicated before the United Kingdom leaves the union.

EasyJet previously insisted it would not reveal the location of its new AOC until the application was granted, but it made the announcement after it became clear it would emerge as the approval process requires updating its safety systems and processes. "However, that does not mean the aircraft will be based in Austria", the source told ATW.

"In any deal that we strike with the European Union, we want to make sure it's a good deal for everyone, including businesses that operate here", Alison Donnelly, a spokeswoman for the United Kingdom prime minister, said Friday at a briefing, adding that the Austrian registration is "a commercial decision for EasyJet".

The move will create jobs in Vienna, easyJet said, and Austria welcomed the airline's decision.

"The first talks with (easyJet) CEO Carolyn McCall had already taken place in October a year ago".

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