Chance of grounded flights in no-deal Brexit near zero – Cyprus minister

FILE PHOTO: Cyprus’ Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis offers an interview in London, Britain, November 5, 2018. REUTERS/Sarah Young

LONDON (Reuters) – The probability that flights might be grounded between the UK and the European Union within the event of a no-deal Brexit is “close to zero”, mentioned Cyprus’s tourism minister Yiorgos Lakkotrypis.

The financial system of Cyprus, a Mediterranean island which can also be an EU member, is closely depending on tourism, and over a 3rd of its annual four million guests come from the UK.

Asked in regards to the doable influence of Brexit, and particularly a no-deal Brexit, the place the UK would go away the European Union subsequent March with out new aviation rights or different new commerce hyperlinks agreed, the minister mentioned a worst case situation on flights can be averted.

“I see the probability of flights being grounded between the EU and the UK pretty close to zero,” he mentioned.

“No aviation connection will impact everything so it is not to the interest of anyone for such an eventuality. ..That’s why I sound optimistic regardless of the outcome of negotiations for a Brexit deal or not.”

The chief government of Ryanair (RYA.I), certainly one of Europe’s largest airways, has warned that if there’s a no-deal Brexit, UK flights might be grounded for as much as three weeks.

Lakkotrypis mentioned that Cyprus would have the ability to keep connections with Britain regardless of the final result of Brexit.

“Let’s not forget we’re also members of the Commonwealth so we have had strong ties even before Cyprus joined the European Union so I think it will come natural for us to rebuild ties,” he mentioned in an interview on Monday.

Reporting by Sarah Young; modifying by Kate Holton

Our Standards:The Thomson Reuters Trust Principles.

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