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Share Price Information for easyJet (EZJ)

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Share Price: 457.50
Bid: 455.80
Ask: 456.30
Change: 0.90 (0.20%)
Spread: 0.50 (0.11%)
Open: 453.70
High: 459.00
Low: 451.60
Prev. Close: 456.60
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easyJet says no decision on HQ until knows UK's new deal with EU

Fri, 01st Jul 2016 12:17

LONDON, July 1 (Reuters) - EasyJet said it will notdecide whether to relocate its legal headquarters untilBritain's new relationship with the European Union is clear,following a report on Friday which said its CEO had signalled amove from the UK was almost inevitable.

A spokesman for the British budget airline, responding to aSky News report which also said easyJet has opened talks with EUmember states' aviation regulators about relocating itsheadquarters, said easyJet wants to prepare for alleventualities.

The report said easyJet chief executive Carolyn McCallsignalled in private meetings this week that it would need tomove its legal HQ in the wake of Britain's vote to leave the EU.

"Issues around legal entity, or other structural issues, wedon't need to make those decisions...until we know what theoutcome of the (UK/EU) talks will be," the spokesman said.

Should Britain be able to negotiate access to the singlemarket following Brexit, nothing will change for airlines.

McCall told Reuters on Tuesday the airline has sped up talks on setting up an air operating certificate (AOC) in a differentEU country.

An AOC from another EU country would enable easyJet tocontinue to fly across Europe, supplementing its UK AOC whichenables it to fly UK routes.

A German aviation industry source said easyJet would bewelcomed should it want to seek an AOC in Germany but that thecompany would have to invest in Germany and likely give up Lutonas its headquarters.

easyJet warned on third quarter profit on Monday, blamingstrike action by French air traffic controllers, congestionissues at Gatwick airport and severe weather.

Shares in the firm have fallen 17 percent over the lastweek. They were up 0.7 percent at 1,094.5 pence at 1139 GMT. (Reporting by James Davey and Victoria Bryan; Editing byAlexander Smith)

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