The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRYA.L Regulatory News (RYA)

  • There is currently no data for RYA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

RYANAIR CALLS FOR AVIATION TO TOP BREXIT AGENDA

29 Mar 2017 07:00

RNS Number : 8163A
Ryanair Holdings PLC
29 March 2017
 

 

RYANAIR CALLS FOR AVIATION TO TOP BREXIT NEGOTIATIONS AGENDA

 

UK COULD BE LEFT WITH NO FLIGHTS TO/FROM EUROPE AFTER BREXIT

 

Ryanair, Europe's No 1 airline, today (29 Mar) called on the UK Government to put aviation at the forefront of its negotiations with the EU and provide a coherent post-Brexit plan, or risk leaving the UK without any flights to/from Europe for a period from March 2019, when it exits the EU.

 

With the UK set to leave Europe's "Open Skies" system, the UK Government will either have to negotiate a bilateral agreement with the EU to allow flights to/from Europe to continue, or else revert to historical WTO rules, which do not cover aviation, thereby raising the distinct possibility of no flights between Europe and the UK for a period from March 2019 in the absence of a bilateral deal.

 

Ryanair, which employs over 3,000 UK staff and will carry over 44m customers to/from British airports this year has already pivoted growth away from the UK to other EU airports, basing no additional aircraft at its 19 UK airports in 2017 and cutting its growth rate from 15% to just 6% this year.

 

As Westminster prepares to trigger Article 50 today, Ryanair called on the UK Government to immediately outline a strategy to maintain low fare air travel between the UK and the EU from March 2019, and warned there were just 12 months to go until possible schedule cuts are made, as summer 2019 schedules must be released in March 2018.

 

Ryanair's Kenny Jacobs said:

  

"Some 9 months on from the Brexit referendum, we are no closer to knowing what effect it will have on aviation. It's become worrying that the UK Government seems to have no plan B to maintain Britain's liberalised air links with Europe, in the absence of remaining in the "Open Skies" regime.

 

With Britain planning to leave the EU and its Open Skies agreement, there is a distinct possibility that there may be no flights between the UK and Europe for a period of time after March 2019. The best we can hope for is a new bilateral agreement between the UK and EU, however, we worry that Britain may not be able to negotiate such a bilateral in time for the release by airlines of summer 2019 schedules in mid-2018.

 

Ryanair, like all airlines, plans its flights 12 months in advance, so there are just 12 months to go until we finalise our summer 2019 schedule, which could see deep cuts to our flights both to, from and within the UK from March 2019 onwards. The UK Government must respond to the airlines and our customers, and put aviation at the top of its agenda when it negotiates its Brexit deal with Brussels. Britain's airlines, airports and holidaymakers need a real and early solution for aviation, or risk Britain being cut off from Europe in March 2019."

 

 

ENDS

 

For further information

please contact: Robin Kiely Piaras Kelly

Ryanair DAC Edelman Ireland

Tel: +353-1-9451949 Tel: +353-1-6789333

press@ryanair.com ryanair@edelman.com 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCGMGZFGRZGNZZ
Date   Source Headline
4th Nov 20197:00 amRNSHalf-year Report
1st Nov 201910:48 amRNSHolding(s) in Company
1st Nov 20197:00 amRNSTransaction in Own Shares
31st Oct 20197:00 amRNSTransaction in Own Shares
30th Oct 20197:00 amRNSTransaction in Own Shares
29th Oct 20198:21 amRNSHolding(s) in Company
29th Oct 20197:00 amRNSTransaction in Own Shares
28th Oct 20197:00 amRNSTransaction in Own Shares
25th Oct 20197:00 amRNSTransaction in Own Shares
24th Oct 20197:00 amRNSTransaction in Own Shares
23rd Oct 20199:15 amRNSTransaction in Own Shares
22nd Oct 20197:00 amRNSTransaction in Own Shares
21st Oct 20197:00 amRNSTransaction in Own Shares
18th Oct 20197:00 amRNSTransaction in Own Shares
17th Oct 20197:00 amRNSTransaction in Own Shares
16th Oct 20197:00 amRNSTransaction in Own Shares
15th Oct 20197:00 amRNSTransaction in Own Shares
14th Oct 20197:00 amRNSTransaction in Own Shares
11th Oct 20197:00 amRNSTransaction in Own Shares
10th Oct 20197:00 amRNSTransaction in Own Shares
9th Oct 20197:00 amRNSTransaction in Own Shares
8th Oct 20197:00 amRNSHolding(s) in Company
8th Oct 20197:00 amRNSTransaction in Own Shares
7th Oct 20197:00 amRNSTransaction in Own Shares
4th Oct 20197:00 amRNSTransaction in Own Shares
3rd Oct 20197:00 amRNSTransaction in Own Shares
2nd Oct 201911:10 amRNSRYANAIR GERMAN PILOTS VOTE (99%) FOR 4 YEAR CLA
2nd Oct 20199:06 amRNSTotal Voting Rights
2nd Oct 20197:15 amRNSRYANAIR SEPT TRAFFIC GROWS 8% TO 14.1m CUSTOMERS
2nd Oct 20197:00 amRNSTransaction in Own Shares
1st Oct 20197:00 amRNSTransaction in Own Shares
30th Sep 20197:00 amRNSTransaction in Own Shares
27th Sep 20197:00 amRNSTransaction in Own Shares
26th Sep 20197:00 amRNSTransaction in Own Shares
25th Sep 20197:00 amRNSTransaction in Own Shares
24th Sep 20197:00 amRNSRYANAIR UK CABIN CREW VOTE (80%) FOR 4 YEAR CLA
24th Sep 20197:00 amRNSTransaction in Own Shares
23rd Sep 20197:00 amRNSTransaction in Own Shares
20th Sep 20191:52 pmRNSBALPA CALLS OFF ALL RYANAIR UK PILOT STRIKES
20th Sep 20197:03 amRNSHolding(s) in Company
20th Sep 20197:00 amRNSTransaction in Own Shares
19th Sep 20199:19 amRNSAGM Statement
19th Sep 20197:00 amRNSTransaction in Own Shares
18th Sep 20197:51 amRNSHolding(s) in Company
18th Sep 20197:00 amRNSTransaction in Own Shares
17th Sep 20197:00 amRNSTransaction in Own Shares
16th Sep 20197:00 amRNSTransaction in Own Shares
13th Sep 20197:00 amRNSTransaction in Own Shares
12th Sep 20197:00 amRNSTransaction in Own Shares
11th Sep 20192:00 pmRNSRYANAIR AGREES 4 YEAR GERMAN PILOT CLA

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.