|Mr O'Leary smiles for the camera...|
Simply to qualify as an EU airline, shareholders must be made up of a majority of European Union holders at the company and establish an operational company within Europe.
'Ownership post Brexit is a real issue,' O'Leary told a hearing in the European Parliament.
One suggestion is that in the absence of a deal on aviation by March 2019 EU national governments could revert to the old bilateral agreements with the UK governing air traffic rights. O'Leary said, however, that individual EU member states were unlikely to be allowed to negotiate bilaterals independently.
Source CNS, Daily Mail, Reuters
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