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EasyJet's new airline is a clever response to Brexit

EasyJet's new airline is a clever response to Brexit

Business
The impact of Brexit has landed.There will now be three easyJets, all with a capital letter in the wrong place and all located in different places - one in the UK, one in Switzerland and now one in Austria.This new airline, easyJetEurope, will come with its own fleet of planes and its own staff, but make no mistake - it is part of easyJet's UK operations. The planes won't actually spend their lives in Austria, the big decisions will still be made in Luton.This is a clever, and rather expensive, answer to a new problem.For easyJet, this is a £10m insurance policy against the dreaded prospect of having to curtail - hugely - its timetable of flights around Europe.That might seem an unlikely prospect, but it's one that is now giving sleepless nights to plenty within Britain's airline industry.
New EasyJet airline created for Brexit

New EasyJet airline created for Brexit

Business
EasyJet is creating a new airline so it can continue flying in the European Union after Brexit.It has applied for a new air operator certificate in Austria at a cost of £10m.The budget airline said the application process was "well advanced" and it hoped to receive the accreditation "in the near future".It will allow the low-cost carrier to establish easyJetEurope, which will have its headquarters in the Austrian capital Vienna.Since the 1990s, EU airlines have been free to fly between any two points in Europe.This is planning for a worst case scenario should Britain fail to negotiate the same aviation freedoms it currently enjoys as a member of the EU.The company said the move would enable the airline to operate flights both across Europe and domestically within Europe once Britain exits