Britain has launched consultation over its long-term aviation strategy as it prepares the sector for life outside the European Union. Discussion will include topics from the environment to baggage and will culminate in a final aviation strategy by the end of 2018.
The strategy will be separate to negotiations over access to European markets after Britain leaves the EU, although protecting and promoting the sector will be a key focus of talks.
Ken Odeluga, a Market Analyst with City Index, says the aviation industry faces a number of important decisions. “The first issue that you face is whether or not you re-domicile, or whether you set up a full base outside of the UK within the European Union, which of course brings the costs. For easyJet, it will be Austria, we believe. Other airlines which are based here, will face the same dilemma, “ he explains.