PARIS, Dec 7 (Reuters) - The chief govt of Ryanair RYA.I predicts issues for IAG's ICAG.L possessio
PARIS, Dec 7 (Reuters) – The chief govt of Ryanair RYA.I predicts issues for IAG’s ICAG.L possession of UK-based airline British Airways after Britain’s transition interval with the European Union ends on Dec. 31, on account of European Union airline possession guidelines.
“I can’t see how IAG can survive as an proprietor of BA in a post-Brexit atmosphere,” Ryanair CEO Michael O’Leary advised a web-based Eurocontrol occasion on Monday.
He mentioned he anticipated France and Germany to insist on the strict software of EU possession guidelines in relation to IAG. These guidelines state that airways have to be not less than 50% owned by EU nationals or threat shedding their working licences.
IAG is Spanish registered firm which is headquartered in Britain.
(Reporting by Laurence Frost, writing by Sarah Younger, modifying by David Milliken)
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