Airbus questions its future in the UK after Brexit

Airbus questions its future in the UK after Brexit

Airbus, the aeronautical industry giant, has become the latest flagship company to raise questions about its activities in the United Kingdom following Brexit, the exit of the United Kingdom from the European Union. The aeronautical manufacturer currently produces the wings for its planes intended for the transport of passengers in the UK but has revealed that it might have to rethink that policy in the wake of uncertainty over Brexit.

Airbus argues that, if no agreement on future trade is established,  Brexit will engender significant consequences which would lead the brand to have no other recourse other than to have to reconsider its long-term position in the United Kingdom.

In other words, if the country suddenly emerges from the customs union as of March 29, 2019, without transition, this could lead to a disruption and a significant interruption of British production, thus hindering the future of Airbus in the UK .

The company announced in a recent public statement that it plans to take steps to reduce these risks. Among other things, Airbus revealed that it plans to buy more parts in order to create a stockpile of parts before Brexit occurs.

According to industry analysts, Airbus could also withdraw from the UK and transfer its production to Germany, Spain, or even other supplier countries such as South Korea.

Airbus currently employs around 15,000 people at 25 sites throughout the United Kingdom with the wings of its planes manufactured in the UK before then being sent to assembly plants in other European countries.