Monday, 28 January 2019

What the Brexit Means for Airbus

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It could be a dramatic impact for Airbus: The aircraft manufacturer is a symbol of the European division of labor - most of the wings come from England, where the group employs 14,000 people.  Group CEO Tom Enders has had the Group's emergency plans prepared early as a "no-take" as a "basic assumption".

Airbus sources more than 10,000 aircraft parts from the island, including thousands of suppliers.  As soon as a part of the certification of the European air safety agency EASA is missing, the production would have to be stopped.  Because of the fully loaded factories, the backlog could not catch up, according to Airbus.

That costs a billion euros per week but must be calculated with several weeks.  Even the formation of extra reserves for the worst case cost already billions - not to mention a permanently wingless Airbus...



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