IAG Rejects Ryanair’s Post-Brexit Prediction

Airline group IAG said on Monday afternoon it is confident of meeting all regulations of the European Union relating to its ownership British Airways, after the CEO of rival Ryanair suggested it may have to jettison the UK flag carrier after Brexit.

Airline group IAG said on Monday afternoon it is confident of meeting all regulations of the European Union relating to its ownership British Airways, after the CEO of rival Ryanair suggested it may have to jettison the UK flag carrier after Brexit.

During an online Eurocontrol event, Ryanair boss Michael O’Leary said he believes IAG may have to relinquish ownership of British Airways after Britain’s Brexit transition ends on December 31st,.

O’Leary said that he expects Germany and France to insist on strict application of EU rules demanding that airlines must at least 50 percent owned by EU nationals or risk losing their operating licenses. 

“I cannot see how IAG can survive as an owner of BA in a post-Brexit environment,” O’Leary said.

However, an IAG spokeswoman responded by saying: “We are confident that we will comply with the EU and the UK ownership and control rules post-Brexit transition period.” IAG is a Spanish-registered company headquartered in the United Kingdom and listed on both the London and Madrid stock exchanges.


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