Airbus Is A $90 Billion Warning for Britain [Bloomberg Business News]
Boeing Company (The) (BA)
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Source: Bloomberg Business News
Airbus has warned it will reconsider its British presence if the country crashes out of the EU without a deal. History is in danger of repeating itself here, with the U.K. once again failing to recognize where its best industrial interests lie. A British company once owned part of Airbus and sold out on the cheap. London is now threatening to double down on that calamitous bet. The aircraft maker’s demand for clarity isn’t unreasonable. It has 14,000 workers in the U.K and its suppliers employ several times that number. Those supply chains would grind to a halt if long customs checks were imposed at the British border. Its planes wouldn’t be able to leave the hangar unless suppliers were covered by the same safety and certification framework as the EU. Yet with nine months to go until Brexit becomes reality, the no-deal scenario remains an alarming possibility – a situation that was made clear this week by the failure of rebels in the ruling Conservative Party to sec
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- BA's page on the SEC website