Draft Brexit deal “a welcome first step” says Airbus CEO

 

Airbus Chief Executive Tom Enders has cautiously welcomed the draft agreement on the UK’s withdrawal from the European Union.

Mr Enders comments follow the deal reached between British and EU representatives.

Following a five-hour cabinet meeting yesterday the PM’s cabinet agreed to back the draft of a Brexit withdrawal agreement

It remains to be seen whether Theresa May can survive, and gain parliamentary support for the deal.

Tom Enders, Airbus Chief Executive Officers says he welcomes the ‘first step forwards’ but much wor

“We have long argued that greater clarity was needed on what Brexit means for the United Kingdom and for us, as a major employer with 14,000 people, more than 100,000 in the supply chain and a turnover here of £6bn.

The shape of the future longer-term relationship with the European Union is of critical importance.

The announcement of a draft Brexit Withdrawal Agreement is a welcome first step forwards but there clearly remains much work to do.

We look forward to further clarity and the removal of uncertainty as soon as possible so that Airbus, like every business in the UK, can properly plan for the future.”

A Brexit ‘Risk Assessment’ published in June by Airbus painted a grim picture of what a ‘No Deal’ Brexit would look like for the European planemaker in the UK.

Airbus issued its stark warning to the UK Government that the company faces urgent risks to its business arising from the UK exiting the European Union without a withdrawal agreement,

The planemaker says a No Deal would lead to severe disruption and interruption of UK production and leave Airbus considering its future in the UK.