Friday, 20 July, 2018

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

An Airbus A321 of English low-cost passenger carrier easyJet An Airbus A321 of English low-cost passenger carrier easyJet
Laurie Berry | 14 July, 2017, 14:13

Easyjet has confirmed it is in the process of applying for an Austrian Air Operator Certificate, to enable it to establish a new airline based in the country.

Budget airline giant easyJet will set up a new European Union base in the Austrian capital, Vienna as a means of protecting itself from any issues arising from Britain's exit from the EU.

The carrier will be called easyJetEurope and the headquarters are set to be in Austrian capital Vienna, according to Sky News.

Bosses say this is to ensure flights will be able to run across Europe and domestically within countries after the United Kingdom officially leaves the EU.

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.

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The company is forking out £10 million for the AOC.

EasyJet has said this means "regardless of the outcome of talks on a future UK-EU aviation agreement" it will be able to conduct flights to and from Europe as well as domestically within Europe.

Around 30% of easyJet passengers are flying on routes between and within the EU27, not touching the UK.

EasyJet's share price has been little changed in London in today's session, having inched 0.07 percent higher to 1,410.00p as of 10:12 BST, outperforming the broader United Kingdom market, with the benchmark FTSE 100 index having fallen into the red and now standing 0.26 percent lower at 7,394.11 points.

EasyJet adds that the staff and aircraft which will operate for the new division are "already employed and based" in non-UK member countries of the European Union.

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