Airbus CEO Warns No-Deal Brexit Puts U.K. Investment at Risk
- Spending decisions to be based on competitiveness, Faury says
- Planemaker will be able to manage transition in short term
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Airbus SE Chief Executive Officer Guillaume Faury said a U.K. split from the European Union without a trade deal could threaten the planemaker’s investment plans in the country.
Decisions would be made based on how easy it is to conduct business after Brexit, he said at the Conference of Montreal on Monday. In the meantime, the company has no plans to close or scale down its British factories, which make wings for all of its passenger aircraft, and would find a way to manage a no-deal scenario if it came to that, he said.