LONDON (Reuters) – British Prime Minister Theresa May revealed her blueprint for relations with the European Union after Brexit on Thursday, together with proposals for the UK to take part within the European Aviation Safety Agency and preserve flying rights.
Below are the primary proposals from the so-called “White Paper” which relate to the nation’s aviation and aerospace industries.
The UK proposes “participation by the UK in those EU agencies that provide authorisations for goods in highly regulated sectors” comparable to “the European Aviation Safety Agency”.
EASA is answerable for issuing security approvals for all planes and plane parts.
The UK stated that underneath its proposals, it will stay an energetic participant with out voting rights and would make a monetary contribution to EASA.
It proposes “becoming a third country member via the established route under Article 66 of the EASA basic regulation, as Switzerland has”.
Before publishing the White Paper, the UK government had stated it wished to discover the phrases on which it might proceed to take part in EASA.
Ryanair (RYA.I) boss Michael O’Leary has warned that planes may very well be grounded if Britain leaves the EU with no deal. Rival easyJet (EZH.L) has established a brand new airline in Austria to guard its rights.
The UK’s proposals embody “an Air Transport Agreement which seeks to maintain reciprocal liberalised aviation access between and within the territory of the UK and the EU, alongside UK participation in EASA”.
“This would permit UK and EU carriers to operate air services to, from and within the territory of both the UK and the EU on an equal basis. This could be supported through an approach to ownership and control that avoids introducing additional barriers to businesses,” the paper stated.
“There is precedent for this within the EU-Canada Air Services Agreement, which provides for the possibility of fully liberalised access subject to a sufficiently open bilateral approach to ownership and control.”
Reporting by Sarah Young; enhancing by Kate Holton