Airbus CEO says chances of no-deal Brexit increasing

Airbus CEO says chances of no-deal Brexit increasing
FILE PHOTO: President of Airbus Commercial Aircraft Guillaume Faury attends the Airbus annual general meeting in Amsterdam, Netherlands April 10, 2019. REUTERS/Piroschka van de Wouw -
Copyright
PIROSCHKA VAN DE WOUW(Reuters)
Text size Aa Aa

PARIS (Reuters) – Airbus Chief Executive Guillaume Faury said on Wednesday there was a growing risk Britain would leave the European Union without a withdrawal deal in a way that could damage the aerospace firm’s performance next year.

“We have been very clear on the potential negative consequences of a hard Brexit or no-deal Brexit. We see that the likelihood of a no-deal Brexit is high and maybe growing,” Faury said at an investor meeting coinciding with the Paris Airshow, adding it was important Britain and the EU managed such a scenario smoothly.

“If we have an inappropriate and poorly-managed no-deal Brexit by the end of October … this could impact the start of 2020.”

(Reporting by Alistair Smout; Editing by Mark Potter)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.