EasyJet says it has opened talks with EU member states’ aviation regulators about relocating its legal headquarters from the UK, due to the Brexit decision. EasyJet’s chief executive Carolyn McCall has signalled in private meetings this week that moving its legal HQ from the UK is almost inevitable in the wake of last week’s referendum result.
Some of those member states are said to be keen on airlines seeking relocation to move the bulk of their operational HQs, which in EasyJet’s case Ms McCall and her executives would be unwilling to do. One insider said moving the HQ could entail relocating just a handful of staff, depending on the regime operated by the individual country’s aviation regulator.
It would involve up-ending EasyJet’s current corporate structure by making its existing UK AOC entity a subsidiary of its newly incorporated legal headquarters.
In a statement to the London Stock Exchange in the aftermath of the Brexit vote, the company said:
“EasyJet has been preparing for this eventuality in the lead up to the referendum vote and has been working on a number of options that will allow it to continue flying in all of its markets.”
Ms McCall added that she had written to the UK Government and the European Commission to ask them to prioritise the UK remaining part of the single EU aviation market.
Things are not going pretty well for UK after Brexit. Relocation of headquarters of EasyJet will surely have an impact on Luton airport flights.
Source: Luton Airport News Room
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