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)

By Reuters

Published on 19/06/2019 - 09:34•Updated 26/04/2024 - 19:38

Comments

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.