EU referendum - PwC comments on potential consequences for the airline industry

Ben Paul, PwC partner and airline industry leader, said: 　

“The decision to leave the EU has profound implications for our aviation industry, with issues ranging from access to the single aviation market to sector financing and infrastructure investment. 　

“Leaving the EU has wider implications than just access to the European market. EU-level air services agreements with countries like the US, Canada, Brazil, Morocco and several others will need to be renegotiated – and conditions enjoyed currently by airlines may not be easily replicated. 　

“There is much to accomplish to avoid serious disruptions to the industry, making it vital for the UK Government and industry work together to secure a positive outcome for our aviation sector. We are committed to working alongside them as they adapt to these new market conditions.”