c-easyjet-RTX37EG1-Stefan Wermuth

EasyJet has to start a new airline in Europe because of Brexit

£10 million

EasyJet is spending a minimum of £10 million ($13 million) to start a new airline, EasyJet Europe, to operate in the EU after the UK leaves the bloc.

Published   |  Photo by Reuters/Stefan Wermuth
c-easyjet-RTX37EG1-Stefan Wermuth
£10 million

The process that EasyJet is going through gives a hint of what other British companies (and airports) might have to endure after the UK leaves the EU.

c-easyjet-RTX37EG1-Stefan Wermuth
£10 million

Luton-based EasyJet had to seek a registration license in Europe and find a base in the continent. It did so with Austria and in Vienna.

c-easyjet-RTX37EG1-Stefan Wermuth
£10 million

And to continue operating flights within the bloc, now EasyJet has to produce Austrian registrations for 110 aircrafts.

c-easyjet-RTX37EG1-Stefan Wermuth
£10 million

On top of the millions it will spend with that restructuring, it already lost £88 million in 2016 and £82 million in 2017 because of a weaker pound.

Published

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