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Airbus CEO says chances of no-deal Brexit increasing

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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)
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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)

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