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EasyJet, Ryanair Court EU Investors on Concern Over Hard Brexit

  • Ryanair to terminate U.K. holders’ voting rights if necessary
  • Airlines must be more than half-owned in EU to retain routes
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O’Leary discusses plans to restrict voting rights amid a hard Brexit.(Source: Bloomberg)

Discount rivals EasyJet Plc and Ryanair Holdings Plc are shoring up their shareholder base in continental Europe in order to safeguard their right to fly there after Brexit.

EasyJet, based in Luton, England, is holding investor roadshows in France and Germany this week and last week in a bid to increase the proportion of stock held within the European Union once Britain leaves. Ryanair, Europe’s biggest discount airline, said Monday that it will remove the voting rights of non-EU holders in the event of a so-called hard Brexit.