Fear grips the aviation sector as EasyJet’s boss entered
private meetings to consider moving the company’s legal HQ out the UK as a
result of the outcome of the referendum.
The company has unlocked consultations with EU member
countries’ aviation regulators about relocating its headquarters to the EU due
to the negative corporate impact Brexit is causing.
It was made known to Sky News that EasyJet’s chief executive
Carolyn McCall indicated that moving its legal HQ from the United Kingdom is
practically unavoidable as a result of the referendum outcome.
Though details of the proposal are expected to last for
months to be ironed out, but sources close to the company revealed that
preliminary discussions with some unidentified EU member countries had been
held concerning the issuance of air operator’ certificate (AOC) that will help
it to move the HQ there.
If the relocation is done, it would include up-ending the
company’s present corporate arrangement by making its present UK AOC entity a
subsidiary of its newly incorporated legal HQ.
However, a conclusion is expected later this year.
In a related development, Vodafone stressed last Friday that
it was early to ascertain whether Brexit would trigger the repositioning of its
HQ.
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