Post-Brexit Ownership Rules Could Put British Airways Owner Under New Scrutiny
Photo Credit: A British Airways jet. The aviation industry is busy preparing for Brexit. Flickr / Mike McBey
Skift Take
IAG's outspoken CEO Willie Walsh has always been confident about post-Brexit flying rights — unlike some other airline bosses. The problem is the European Union seems to have other ideas.
IAG, the airline group that owns Iberia and British Airways, could see its flying rights curtailed in the event of a no-deal Brexit, according to a story in the Financial Times.
Although both sides have moved to mitigate some of the potential chaos surrounding the UK leaving the European Union on March 29 without a formal agreement, corporate ownership remains something of a sticking point.
In order to fly freely in and around Europe, Europeans need to own more than 50 percent of a particular airline but when the UK leaves, British shareholders will no longer count towards that total.
IAG’s po
